India’s wheat planting area up nearly 11% y/y on record prices

Source:  Nasdaq

Indian farmers have planted wheat on 15.3 million hectares since Oct. 1, when the current sowing season began, up nearly 11% from a year ago, the government data showed on Friday, as record high prices have encouraged planting.

Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, to 7.1 million hectares as of Nov. 25, up from last year’s 6.2 million hectares, the Ministry of Agriculture & Farmers’ Welfare said in its weekly update of sowing data.

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