Breaking News

You are here » Indian-Commodity  :  Economy  :  India's kharif foodgrain output likely to decline by 2.78% to 134.67 MT

26-Sep2017

India's kharif foodgrain output likely to decline by 2.78% to 134.67 MT

India's total production of Kharif Foodgrains, comprising rice, pulses and coarse cereals, is estimated to decline by 2.78 percent to 134.67 million tonnes (MT) in the kharif season of 2017-18 (ending October), mainly on account of poor rains as well as floods in some parts of the country. The country had produced a record 138.52 MT in the kharif season of 2016-17 on good monsoon rains.

According to the first advance estimates by the Agriculture Ministry for the year, in cash crops, production of cotton, oil seeds and jute is estimated to fall and that of sugarcane to go up. Cotton output is estimated to be slightly lower at 32.27 million bales (of 170 kg each) in the 2017-18 crop year (July-June) from the earlier 33.09 million bales. Oilseed output is estimated to be down at 20.68 MT compared to 22.40 MT in the year- ago period. However, sugarcane output might rise to 337.69 MT, from 306.72 MT before.

As per the data, rice output for the season is estimated to fall by 1.9 MT to 94.48 MT, from the record 96.39 MT in the previous kharif. Similarly, the total production pulses could drop to 8.71 MT, from the record 9.42 MT, due to depressed prices and poor rains. Besides, the production of tur is estimated to be lower at 3.99 MT from 4.78 MT, while urad output may rise to 2.53 MT from 2.17 MT in the last kharif season. Besides, coarse cereal output is also seen lower at 31.49 MT, against 32.71 MT in the gone-by kharif season and maize output is pegged at 18.73 MT this kharif as against 19.24 MT a year ago. At the same time, soyabean output has been pegged at 12.22 MT as against 13.79 MT last kharif.


Related News

View all news

CPI inflation hits 6-month high of 2.92% in April

India's retail inflation based on Consumer Price Index (CPI) continued northward journey for third straight month and inched up to a 6-month high of 2.92% in April 2019 due to a spike in food prices, including......

Indian economy to grow at 7% range in current fiscal: Subramanian

Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian has said  that the Indian economy would grow at 7% range in the current financial year (FY20) powered by the effects of the strong structural......

Banks take 57% haircut in 94 cases resolved in FY19: ASSOCHAM-CRISIL study

A joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and rating agency CRISIL stated that banks have taken a huge 57% haircut in the 94......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......