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.
Imposing the Covid-19 pandemic regulations on the international trade sector affected every sector of the world adversely. This pandemic not only affected the agriculture sector, but also sectors like manufacturing, automotive, construction, and import/export were affected, adversely. As compared to the climatic impact, the Covid-19 pandemic has a greater impact on the global economy due to human life loss and business as well. In the present crisis, the Agri-commodity sector is affected badly. Many big players on the trading field faced a huge loss or went completely out of the race. Likewise, in other global trades in Agri-commodities, the export of wheat was also impacted adversely.
Wheat is one of the most significant food crops, accounting for approximately one-fifth of the global calorie supply. Nearly 19 percent of the world’s wheat output is marketed globally, largely as exports from OECD nations, notably Australia, Canada, the European Union (EU), and the United States, to impoverished countries to meet food requirements.
Wheat is one of the essential crops to humanity as it is a mainstay in everyone’s diet around the world. Wheat is a commonly grown crop whose seed is a cereal grain used as a staple meal globally. In this statistical piece of content, you will get an overview of the world’s top 5 wheat-producing countries in 2020-21.
Wheat is a crop that is extensively grown across the world as a cereal grain. It is one of the most adaptable cereals due to its complex nutritional profile and essential health advantages.
Wheat is also a significant ingredient in baking items, and it is the second most cultivated cereal owing to its huge demand.
Wheat is one of the prime staple crops in the world. It is easy to gauge its reliance since only wheat is sold as often as the other farm crops in the world combine. There is also a high reliance on wheat in India. Wheat and its families are mostly cultivated in northern Indian regions. Some of Uttar Pradesh, Punjab, Haryana, and Madhya Pradesh are the leading wheat-producing states. Indeed, wheat is one of the world’s leading grains cultivated and feeds nearly 2.5 billion people. In India, top wheat producers make the most of the foreign business demand for crops.
