The Indian wheat situation is turning worrisome, not because of the over-optimistic production estimate released by the Ministry of Agriculture recently, but because of the current price levels that provide no encouragement to farmers. Fraught with possibilities, the wheat may go the pulses way. The policy-makers may soon be forced to impose import restrictions in the form of higher tariffs. To start with, no one in the trade believes the Government’s crop estimate of 97.1 MMT. Eventual harvest number may be much lower, in the region of 92-93 MMT still a large enough crop for the country.