India about to become surplus agri-producer? It's too early to comment

But the situation offers opportunities for deeper structural reform

Milk, sugar, pulses, vegetables. Name any agriculture commodity in India today, and the most compelling image that comes to mind is of farmers dumping them by way of protest against falling prices and rock-bottom returns. 

All of a sudden, agri-surpluses, the proximate reason for falling prices and farmer distress, appear to have become a pervasive problem from Uttar Pradesh to Maharashtra. Long habituated to shortages, this problem of plenty is causing headline-attracting farmer agitations against falling rural incomes, worsened by 2016’s demonetisation and the rushed introduction of the Goods and Services Tax in 2017.   

This is a novel experience