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India Govt Estimates Kharif Crop Output Slightly Lower At 140.57 Million Tonne In FY20qrcode

Sep. 24, 2019

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Sep. 24, 2019
India’s foodgrains production is estimated slightly lower at 140.57 million tonne in the kharif season of 2019-20 crop year on likely fall in rice and pulses output, according to a latest data released by the Agriculture Ministry.

Foodgrains production stood at 141.71 million tonne in the kharif season of the 2018-19 crop year (July-June).

Sowing of the kharif (summer) crops is almost complete and harvesting will begin from October onwards.

Rice, pulses and coarse cereals comprise of the foodgrain basket. The ministry releases four estimates at different stages of production and harvest.

As per the first estimate, rice output has been pegged at 100.35 million tonne for the kharif season of the 2019-20 crop year, lower than 102.13 million tonne in the year-ago period.

Pulses production has been estimated to be lower at 8.23 million tonne as against 8.59 million tonne.

The production of coarse cereals, however, has been estimated higher at 32 million tonne in the kharif season of this year from 30.99 million tonne in the same season previous year.

Among cash crops, cotton output has been pegged at 32.27 million bales of 170 kg each for the 2019-20 crop year, similar to 32.26 million bales achieved in the previous year.

Jute output has been estimated at 9.96 million bales of 180 kg each as against 9.95 million bales in the previous year.

Even sugarcane production has been pegged at 377.7 million tonne for the current year, similar to what was achieved last year.

The India Meteorological Department had predicted a normal monsoon. There was a delay in the onset of southwest monsoon but later it picked up. However, states like Karnataka, Kerala, Gujarat, Bihar, Assam, and Maharashtra are hit by floods due to heavy that have impacted kharif crops.

Monsoon rains up to mid-September has been 4 percent, higher than Long Period Average, the ministry said.

Production of most of the crops for the agricultural year 2019-20 has been estimated higher than their normal production. However, these estimates would undergo revision based on further feedback from the states.


Source: Bloomberg

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