India has experienced four consecutive years with record harvests and now in 2021-22, is anticipated to record its second highest wheat harvest with an estimated 105 million tonnes according to a Global Agricultural Information Network report from the US Department of Agriculture.
The Indian Government, in order to curb potential economic hardships resulting from the second wave of Covid-19 outbreak, has decided to supply approximately 8 million tonnes of wheat, rice and other food grains for free to at least 62% of the population through May and June 2021.
The production of rice in India is estimated to remain relatively unchanged with 118 million tonnes in 2021-22 by USDA. India’s rice exports have seen a rise since early 2020 due to a strong demand however traders grow skeptical about possible supply disruptions and labor shortages owing to the second wave of Covid-19 in the country. India’s rice exports are expected to reach 15.5 million tonnes in 2021-22 barring any major changes in global prices or demand.
