IGC pegs India 2017-18 wheat output at 95.5 million tonne up 11%.

International Grains Council has pegged India wheat output for the marketing year starting April at 95.5 million tonne up from the estimate of 86 million tonne for the previous year. Wheat output is likely to rise due to higher acreage, adequate soil moisture during the sowing season and favourable conditions during growth period. A record production in 2016-17, global wheat output in 2017-18 is likely to fall by 2.5% on year to 734.5 million tonne, said IGC. Wheat output is likely to fall in major producers Australia, Canada, US, Ukraine, and Kazakhstan. Production of the grain is seen higher in the European Union.