Wheat in india demand and supply
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Wheat in india demand and supply
- 1. WHEAT
- 2. Wheat Production in India • Important cereal • Staple Food • Different type • Government play important role through MSP
- 3. 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.
- 4. 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.
- 5. 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.