Wheat output set to stay flat, keeps stockpile tight

India's wheat production is expected to be little changed from a year ago, raising pressure on the government to scrap or cut an import duty to help replenish stockpiles that are at the lowest in more than a decade.

- Bloomberg

Output will likely be 106 million tonnes this year, according to the median of seven estimates in a Bloomberg survey of wheat processors, which would match the prior season. The forecast is slightly lower than the 110 million tonnes projected by the Rollers Flour Millers' Federation of India.