Strong demand may bring down closing stock of major farm goods by FY23-end

Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time

By the end of this financial year or perhaps even earlier, depending upon the crop cycle, India might be staring at a multi-year low closing inventory levels of several key farm commodities.

Stocks of sugar, wheat, cotton and oilseeds both, with traders and in government-run warehouses are fast depleting due to sharp spike in domestic and export demand and lower-than-anticipated production due to uneven weather conditions.

Several experts feel this could keep the prices of major agricultural commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time.

Some observers also feel