SovEcon, a consultancy firm, predicted that Russia, one of the world’s largest producers as well as exporter of wheat would produce an estimated 86 million tons of wheat in 2023, which was in line with earlier projections despite unfavorable weather in January.
In May 2022, India, which is also the world’s second-largest consumer of wheat, outlawed exports after a sharp and sudden rise in temperatures cut production, even as export demand increased to make up for the global shortfall brought on by the conflict in Russia and Ukraine.
Located in Asia, India is the second largest wheat producer in the world. However, despite this, to cater to its high consumption needs, the country contributes a meagre 1% in the global wheat trade. Though Mr. Arun Kumar Joshi, managing director, Borlaug Institute of South Asia and the Country Representative of International Maize and Wheat Improvement Centre (CIMMYT) expects that to change with hopes of a bumper wheat harvest this year.
India is the second-largest wheat producing country in the world after China. As per the statistics, Uttar Pradesh, Madya Pradesh and Punjab are the major Wheat producing states of India. Accounting for around 32.42% of the entire wheat production of the country, Uttar Pradesh leads the wheat production of the country.