Business Standard
Friday, Jun 01, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Wheat output jumps to record high, pulses, oilseeds drag
Second farm output estimate for 2011-2012 pegs total grain production at 250.42 mln tonnes
BS Reporter / New Delhi Feb 03, 2012, 15:57 IST

Government's effort to keep the food inflation under check could get a jolt as production of pulses and oilseeds -- the two food supplements significant quantity of which is imported every year -- is projected to drop by 5.2 per cent and 6 per cent respectively this year.

However, there is no such worries from foodgrains as production for 2011-2012 crop marketing year that started in July is estimated to reach an all-time high of 250.42 million tonnes, largely on the back of record wheat and rice output, according to the second advanced estimate of crop production for 2011-2012.

The estimates released today showed that production of wheat this year is expected to be around 88.31 million tonnes, around 1.6 per cent more than last year. Output of rice is expected to be around 103 million tonnes, up a staggering 7 per cent from last year.

Food articles in India continued to witness deflation for the fourth week in a row for the seven-day period ended January 14. The rate of price fall acclerated to 1.03 per cent for the week compared to 0.42 per cent in the previous mainly due to drop in prices of fruits and vegetables.

Meanwhile, the data showed that production of cotton is projected at a record 34.09 million bales (1 bale=170 kg), up 3.3 per cent from last year. Similarly, production of sugarcane this year is expected to be around 1.6 per cent more than last year at 347.87 million tonnes.

The big worry though will come from pulses and oilseeds. Officials said production of both these crops suffered because of uneven rains in kharif season and thereafter low pre-winter rains in northern parts of the country.
According to the India Meteorological Department (IMD) between October to December the country received almost 50 per cent less rainfall.

“The near absence of winter rains badly impacted sowing of rabi pulses and also mustard which is primarily grown in this season,” a senior official said.

He said this year once again the country will have to rely on imports to augment supplies. In 2010-2011, India’s pulses imports had come down to around 1.5 million tonnes from an average of 2.5-3 million tonnes as domestic production reached an all-time high 18 million tonnes.

Almost half of India’s annual pulses import comprises of yellow pea while the other pulses like tur, urad, moong and chana make up for another 50 per cent.

The pulses are imported from Canada, Myanmar, Australia and some African countries.

A similar situation is also expected in oilseeds, where a drop in production largely because of fall in mustard output could further push up imports.

“Mustard is crucial for total edible oil availability in the country as it is one of highest oil-bearing crop,” a senior industry official said.

The overall fall in production of pulses and oilseeds also raises a big question mark over government’s effort to allocate an additional Rs 80 crore to 12 major pulses growing states to raise their rabi output.

The allocation was cleared after kharif pulses production dropped by around 10 per cent also because of uneven rains.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets slump on eco growth woes
- Google to make product search a paid service in US
- Slowdown worsens as China cools, Europe sinks
- Nissan Motor India reports 98% increase in sales
- Coalmin not in favour of policy for grant of alternate mines
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- "Discover The Power of One"
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- Leader in Passenger Car & Automobile Tyres. Click here
Sorry, comments to this story are closed
Latest Messages
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Ambani of the Gulf bets big on Indian market
- Slowdown gets worse, GDP growth sinks to 9-year low
- India Inc ready to shift to other side of the dot on www
- Lines cleared for free nationwide roaming, govt to take final call
- Senior family members step down from The Hindu
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us