GET Stock QuotesNews18 APP
News18 English
cricketnext
»
2-min read

Foodgrain Output Likely to Touch New Record Next Crop Year: Agriculture Minister

The ministry would be able to make crop specific output projections based on the Met department's second monsoon forecast likely to be released next month.

PTI

Updated:May 22, 2017, 8:41 PM IST
facebookTwittergoogleskypewhatsapp
Foodgrain Output Likely to Touch New Record Next Crop Year: Agriculture Minister
The Met department forecast was accurate last year and “we hope it will be accurate this year as well: Union Agriculture Minister Radha Mohan.

New Delhi: Foodgrain output is likely to touch a new record in the 2017-18 crop year to begin from July, on hopes of a normal monsoon for the second straight year, Agriculture Minister Radha Mohan Singh said on Monday.

Foodgrain production is estimated to be at an all-time high at 273.38 million tonnes (mt) in the current 2016-17 crop year (July-June) on account of good rains after two years of drought, as against 251.57 mt last year. The previous record was 265.04 mt in 2013-14.

The foodgrain basket comprises rice, wheat, coarse cereals and pulses.

“The Met department has forecast a normal monsoon for this year. If the monsoon is good, I am confident that foodgrain output will be at a record again and boost the growth rate to more than the 4.4 per cent achieved in 2016-17,” Singh said while sharing the government’s achievements in the farm sector in the last three years.

The Met department forecast was accurate last year and “we hope it will be accurate this year as well,” he said.

The Southwest monsoon, vital for farm output and economic growth in India, hit the Andaman and Nicobar islands three days early on May 14 and it remains to be seen if it will reach Kerala ahead of schedule, he added.

The Agriculture Ministry has set the foodgrain output target at a record 273 mt for the 2017-18 crop year and expects to achieve 4 per cent farm sector growth following the prediction of a normal monsoon.

About 50 per cent of the foodgrain output comes from both kharif (summer) and rabi (winter) seasons. The sowing of kharif crops such as paddy and pulses will begin with the onset of the Soutwest monsoon.

On the sidelines of the event, Agriculture Secretary Shobhana K Pattanayak said: "Our minimum expectation is to surpass this year's record production".

The ministry would be able to make crop specific output projections based on the Met department's second monsoon forecast likely to be released next month.

Meanwhile, the government has made all arrangements like seeds, fertilisers and other inputs for kharif sowing, which will begin in full swing from July, he added.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 898.30 -11.25 -1.24
Divis Labs 970.25 -20.65 -2.08
ICICI Bank 277.10 -7.85 -2.75
Rel Capital 661.25 -56.65 -7.89
Dr Reddys Labs 2,457.75 -28.80 -1.16
Company Price Change %Gain
Bajaj Finance 1,860.30 -56.35 -2.94
Bombay Dyeing 203.15 -9.70 -4.56
ITI 139.50 +17.30 +14.16
Divis Labs 969.00 -21.90 -2.21
Amara Raja Batt 771.45 -1.70 -0.22
Top Gainers
Company Price Change %Gain
HCL Tech 884.45 +14.15 +1.63
Wipro 294.45 +2.55 +0.87
Bharti Infratel 390.00 +2.35 +0.61
Company Price Change %Gain
Wipro 294.05 +2.90 +1.00
Coal India 253.90 +0.30 +0.12
Top Losers
Company Price Change %Gain
Hindalco 230.90 -13.65 -5.58
Tata Steel 654.00 -33.10 -4.82
Vedanta 307.90 -14.65 -4.54
YES BANK 360.65 -16.40 -4.35
UltraTechCement 3,999.60 -166.45 -4.00
Company Price Change %Gain
Tata Steel 654.55 -32.30 -4.70
Larsen 1,184.90 -42.85 -3.49
Reliance 817.50 -23.80 -2.83
ICICI Bank 277.10 -7.90 -2.77
Hero Motocorp 3,788.15 -100.70 -2.59

Live TV