India expected to harvest bumper kharif crop in FY21, may pull down prices

India's kharif foodgrains production is expected to be in excess of 144 million tonnes in the 2020-21 crop season that started from July and which could pull down prices in the absence of adequate demand further enraging farmers.

According to the first advanced estimate of farm production released on Tuesday by the Ministry of Agriculture, foodgrains production in 2020-21 is projected to be a record 144.52 million tonnes, which is 0.80 per cent more than the production in 2019-20.

In foodgrains, rice production is estimated to be 102.36 million tonnes, which is 0.37 per cent more than 2019-20.

ALSO