Even as large amounts of wheat from the previous harvest still lie in storage, India is expecting another bumper crop this year. Already, there is a steady influx of stock in the major wheat producing states.
And once again, India doesn’t quite know what to do with it. Storage and transit facilities are grossly inadequate. And irregularities in yearly harvests mean the country hasn’t been able to formulate an export policy for the crop. If the past is proof, much of the excess stock will rot away in godowns, sometimes in the open. And India will again fail to make good on a bonanza that doesn’t come every year.
Photo: Amit Dave/Reuters