India’s foodgrain manufacturing will rise 1.2% on yr to a brand new report of 314.51 million tonne (MT) for the 2021-22 crop yr (July-June), in keeping with the third advance estimate launched by the agriculture ministry on Thursday.
In the second advance estimate launched in February, the manufacturing was seen at 316.06 MT.
Wheat manufacturing estimate for the present crop yr has been revised downwards to 106.41 MT, from 111 MT in February estimate. It implies that the present yr’s wheat manufacturing will probably be shut to three% lower than the earlier yr’s of 109.59 MT.
However, commerce sources advised FE that wheat manufacturing is estimated at round 96-98 MT for the yr. Heatwaves within the second half of March, with temperatures rising to 40 levels Celsius, hit the wheat crop on the ripening stage in the important thing rising states of Punjab, Haryana, Rajasthan, Madhya Pradesh and Uttar Pradesh.
Pulses manufacturing of the present crop yr is estimated at a report 27.75 MT, which is near 9% increased from the earlier yr. The manufacturing of chana (gram), which has a share of greater than 50% within the pulses output, grew greater than 17% within the present crop yr to 13.98 MT from 11.91 MT reported within the earlier crop yr.
India imports about 15% of its annual consumption of pulses. Coarse cereals output has declined marginally to 50.7 MT in present crop from 51.32 MT reported within the earlier yr.
According to the third advance estimate for different crops akin to oilseeds, sugarcane and cotton, the manufacturing is estimated to achieve a report degree. Total oilseeds manufacturing throughout 2021-22 is estimated at a report 38.49 MT, which is increased by 2.55 MT than the manufacturing of 35.94 MT reported in 2020-21.
India imports about 55% of its annual edible oil consumption.
Total manufacturing of sugarcane in 2021-22 is estimated at 43.04 MT, which is increased than the manufacturing estimate of 40.53 MT for the earlier yr.
The cotton output is estimated to have declined by greater than 1.5% to 31.54 million bales (every of 170 kg) this yr than the earlier yr’s manufacturing.
Source: www.financialexpress.com”