Wheat Production in India• Important cereal• Staple Food• Different type• Government play important role through MSP
Price Trend• December to Feb due to scarcity in the market the prices are usually high.• In April: The prices of wheat are Rs.14,918.93per metric ton nearly 4.69 % increase than the last month.• Reason-Good whether and record harvest led to the downward pressure on the food prices inflation.• In May-The prices of wheat are Rs. 15,913.93 per metric ton nearly 6.67 % increase than the last month.
Factors affecting Demand of wheat• The main factor affecting demand is Price-when Price goes up, demand goes down and vice versa.• Growing demands for wheat based product.• Change in population.• Income change.• Future expectation.
Factors affecting supply of wheat• Price• Environmental conditions• The production technology.• Other issues which affect the supply are:• improved seeds, Fertilizer availability, irrigation water, farm machinery.• Infrastructure Roads.• India make a record of 81.47 million tonnes but the demand of wheat is still much higher.