# India’s wheat production is likely to reach 108 million metric tons in MY 2023/24: USDA

> A USDA FAS report forecasts India's 2023/24 wheat production at 108 million metric tons, up from 100 million mt in 2022/23, on 4.6% more planted area. The forecast cites favorable weather and sufficient soil moisture, and it notes that higher minimum support prices should encourage planting.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/36365-india-s-wheat-production-is-likely-to-reach-108-million-metric-tons-in-my-2023
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger expected Indian crop next season reduces import needs and export pressure in world wheat markets, which is bearish for prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-30 | [USDA attache sees Australia 2022/23 wheat crop at 37 million tons](https://feedsoft.ai/events/37735-usda-attache-sees-australia-2022-23-wheat-crop-at-37-million-tons.md) | +3.4% | +1.2% |
| WHEAT | 2018-06-13 | [India’s food grain production to reach new record \| World-grain.com \| June 13, 2018 14:12 \| World Grain](https://feedsoft.ai/events/64486-india-s-food-grain-production-to-reach-new-record-world-grain-com-june-13-2018.md) | -2.0% | -8.2% |
| WHEAT | 2025-09-30 | [Wheat Falling as USDA Raises Production](https://feedsoft.ai/events/22925-wheat-falling-as-usda-raises-production.md) | +0.4% | +5.9% |
| WHEAT | 2019-05-12 | [Global wheat production set to hit record 777Mt: USDA - Grain Central](https://feedsoft.ai/events/59058-global-wheat-production-set-to-hit-record-777mt-usda-grain-central.md) | -0.4% | +4.7% |
| WHEAT | 2025-02-06 | [Australia harvested 2 million tons of wheat more than forecast in 2024/25 MY](https://feedsoft.ai/events/26019-australia-harvested-2-million-tons-of-wheat-more-than-forecast-in-2024-25-my.md) | -0.7% | -3.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/indias-wheat-production-is-likely-to-reach-108-million-metric-tons-in-my-2023-24-usda/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.