September, 27 2024 Friday 09:17 Hrs
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Mid Session Commentary - Detailed News

Agri Buzz: Domestic foodgrain output up 0.79% in 2023-24
26-Sep-24   12:00 Hrs IST

The Ministry of Agriculture and Farmers’ Welfare has released Final Estimates of production of Major Agricultural Crops for the year 2023-24. The total Foodgrain production in the country during 2023-24 is estimated at record 3322.98 LMT which is higher by 26.11 LMT than the production of food grains of 3296.87 LMT achieved during 2022-23. This marks a rise of 0.79% on year. Food grain production witnessed record increase due to good production of Rice, Wheat and Shree Anna.

Total Rice production during 2023-24 is estimated at record 1378.25 LMT. It is higher by 20.70 LMT than previous year’s Rice production of 1357.55 LMT. The Wheat production during 2023-24 is estimated at record 1132.92 LMT. It is higher by 27.38 LMT than previous year’s wheat production of 1105.54 LMT and production of Shree Anna is estimated at 175.72 LMT as compared to 173.21 LMT during previous year. During 2023-24, there were drought-like conditions in southern states, including Maharashtra & prolonged dry spell during August especially in Rajasthan. The moisture stress from the drought also affected the Rabi season. This mainly impacted production of pulses, coarse cereals, soybean & cotton.

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