 "Foodgrain output set to rise to record high this kharif season")
India’s foodgrain output is likely to set a record this kharif season due to the almost-even distribution of rainfall this monsoon season.
The foodgrain output was set to rise five per cent from the number presented by the Ministry of Agriculture in the Fourth Advanced Estimate.
A study conducted by warehousing and collateral management company, National Collateral Management Services Ltd, a group company of the National Commodity & Derivatives Exchange Ltd, showed India’s total foodgrain output at 134.53 mt during the kharif season.
The Ministry of Agriculture had, in the advanced estimate released on July 22, said the foodgrain output during the previous kharif season was 128.20 mt. Although, there had been reports of crop damage in some areas, due to flood and drought, the average crop condition looks favourable.
The India Meteorological Department reported an average 98 per cent rainfall between June and August this year, with excess in central and north-west regions and the deficit in the north-east areas. The study showed rice, maize, ragi and jowar output at 97.55 mt, 16.50 mt, 2.12 mt and 3.54 mt respectively.
The foodgrain output was set to rise five per cent from the number presented by the Ministry of Agriculture in the Fourth Advanced Estimate.
A study conducted by warehousing and collateral management company, National Collateral Management Services Ltd, a group company of the National Commodity & Derivatives Exchange Ltd, showed India’s total foodgrain output at 134.53 mt during the kharif season.
The Ministry of Agriculture had, in the advanced estimate released on July 22, said the foodgrain output during the previous kharif season was 128.20 mt. Although, there had been reports of crop damage in some areas, due to flood and drought, the average crop condition looks favourable.
The India Meteorological Department reported an average 98 per cent rainfall between June and August this year, with excess in central and north-west regions and the deficit in the north-east areas. The study showed rice, maize, ragi and jowar output at 97.55 mt, 16.50 mt, 2.12 mt and 3.54 mt respectively.
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