5 reasons to be bullish on wheat this year
Source
Posted on
Most of the wheat has arrived in the mandis of and Haryana, the two states with the highest procurement.
And by all accounts it’s a good crop, providing much needed comfort to govt and private players. The crop, which comes on the back of a good yield this year – as high as 25-26 quintals an acre in parts of Punjab (against 22 quintals or so last year) – is much watched given that silos emptied out after two years of poor harvest Govt is grappling with the lowest level of wheat stocks in 16 years – a little over 75 lakh tonnes at the start of April against the buffer requirement of 74.6 lakh tonnes for this time of year – and globally, too, prices are under pressure.
Recommended for you
