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<\/figure>\n\n\n\nAn intense spell of post-monsoon rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, farm experts and growers say.<\/p>\n\n\n\n
Higher wheat output could encourage India, the world’s second biggest producer of the grain, to consider lifting a May ban on exports of the staple.<\/p>\n\n\n\n
India, also the world’s second bigger consumer of wheat, banned exports as a sharp rise in overseas shipments after Russia invaded wheat exporter Ukraine raised concern about local availability even as an intense heat wave shrivelled the crop.<\/p>\n\n\n\n
Despite the ban, wheat prices have soared to a record high, prompting the government to weigh measures such as the release of state reserves into the open market while axing the 40% tax on imports to cool prices.<\/p>\n\n\n\n
Between Oct. 1 and Nov. 15, the total oilseed area touched 7.6 million hectares, up from 6.7 million hectares during the same period last year.<\/p>\n\n\n\n
Higher oilseed output will help India, the world’s biggest cooking oil importer, to cut expensive purchases of edible oils from Malaysia, Indonesia, Brazil, Argentina, Russia and Ukraine.<\/p>\n\n\n\n
In the fiscal year to March 31, 2022, New Delhi spent a record $18.99 billion to import vegetable oils, prompting Prime Minister Narendra Modi to voice concerns about India’s rising vegetable oil import bill.<\/p>\n\n\n\n
As part of efforts to reduce India’s dependence on edible oil imports, New Delhi has granted environmental clearance for indigenously developed genetically modified mustard seeds, part of the rapeseed family.<\/p>\n\n\n\n
Read more at-https:\/\/bit.ly\/3OGNDXx<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Synopsis 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. An intense spell of post-monsoon rains in October and November raised soil moisture 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