# Govt pegs record wheat output at 106.21 million tons for 2019-20

> The government estimates a record 106.21 million tonnes of wheat for 2019-20, up from 103.60 million tonnes in 2018-19. Rainfall in the monsoon was 10% above average, supporting most crops.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/54549-govt-pegs-record-wheat-output-at-106-21-million-tons-for-2019-20
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Indian wheat crop reduces import requirements and adds supply to world markets, which weighs on wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-06 | [Australia's MY 2022-23 wheat output forecast at record 36.6 mil mt](https://feedsoft.ai/events/38214-australia-s-my-2022-23-wheat-output-forecast-at-record-36-6-mil-mt.md) | +9.9% | +9.2% |
| WHEAT | 2017-02-15 | [Govt sees record foodgrain output at 271.98 mt](https://feedsoft.ai/events/72445-govt-sees-record-foodgrain-output-at-271-98-mt.md) | -0.9% | -1.1% |
| WHEAT | 2021-05-25 | [India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21: Govt](https://feedsoft.ai/events/47051-india-s-foodgrain-output-to-rise-2-66-to-record-305-43-mt-in-2020-21-govt.md) | -2.5% | -3.2% |
| WHEAT | 2024-11-27 | [Argentina’s soybean area updated while wheat output forecast at 17.6 million tonnes](https://feedsoft.ai/events/13892-argentina-s-soybean-area-updated-while-wheat-output-forecast-at-17-6-million.md) | -0.1% | +2.1% |
| 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

- livemint.com: https://www.livemint.com/news/india/govt-pegs-record-wheat-output-at-106-21-million-tons-for-2019-20-11582029121458.html

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