INDIA
The govt estimates wheat production to reach 81.47 million tonnes and also expects a 6% increase in foodgrain output , which it will contribute significantly to the country's economic growth.
The country's wheat production is estimated to achieve an all-time high of 81.47 million tonnes and the overall foodgrain output is projected to rise by over 6% to 232.07 million tonnes in 2010-11 crop year (July-June), sources said.
The bumper harvest is expected to contribute significantly to the economic growth. The government had yesterday projected 8.6% expansion in the economy, aided by an impressive 5.4% rise in agriculture and allied activities.
Quoting the second advance estimates of agricultural crops, sources said production levels of pulses and cotton are also seen at all-time high of 16.51 million tonnes and 33.9 million bales, respectively.
The government is scheduled to release the second advance estimate of foodgrain production tomorrow. The agriculture ministry releases estimates at different growing stages of the crops.
"Higher cotton production will help in bringing down the prices of fibres, which have gone very high, whereas in case of wheat and pulses there is already low inflation. Still, a higher production is very good sign for the country," Crisil principal economist DK Joshi said.
Wheat output in the previous year was a record 80.71 million tonnes, while the foodgrain production stood at 218.2 million tonnes in the 2009-10 crop year.
Although production of foodgrains (wheat, rice, pulses and coarse cereals) is likely to rise significantly compared to last year's level, it is slightly lower than the record of 234.47 million tonnes in 2008-09.
Rice output is also projected to surge to 94.01 million tonnes against 89.13 million tonnes last crop year.
Last year, rice output had declined by over 10 million tonnes due to drought in 2009-10 crop year, which had severely hit the country.
The country's foodgrain production is showing a sign of recovery due to good monsoon in 2010. The likely increase in foodgrain production in the current year would help the farm sector achieve higher growth and also help contain food inflation, which is over 15%.
Oilseed production is estimated to increase to 27.85 million tonnes in 2010-11 against 24.92 million tonnes in the previous crop year.
Similarly, the sugarcane production is likely to rise to 336.7 million tonnes from 277.7 million tonnes in the previous year.
"Country's policy is not conducive for farmer as the government is not allowing export of certain commodities like rice and wheat and production is excess," Consortium of Indian Farmers Association General Secretary Chengal Reddy said.
Delhi: All primary schools closed, classes shifted to online mode due to rising pollution levels
BIG trouble for Anil Ambani, criminal charges against his Rs 14422 crore company over...
Bhool Bhulaiyaa 3 producer calls Singham Again team 'unfair' after the box office win
From Play to Pay, Gaming Is Big Business And A Genuine Professional Prospect
Leasehold vs Freehold: Exploring Options for Expats and Investors in Dubai
Mukesh Ambani's Reliance, Disney complete Rs 70352 crore media merger, to be headed by...
Badshah lands in legal trouble, case registered against rapper for...
GRAP III imposed in Delhi: What is allowed, what is banned amid 'severe' air quality
'Throwing me in deep end': Ricky Ponting takes fresh dig at Gautam Gambhir over Virat Kohli remarks
Revolutionizing Inventory Management in the Cloud Era: Pradeep Kumar’s Strategic Innovations
Delhi: AAP's Mahesh Khichi elected mayor as party defeats BJP in MCD polls
Delhi Air Pollution: GRAP 3 to be imposed in national capital from Nov 15, strict ban on...
WATCH: Inside Rinku Singh's Rs 3.5 crore luxurious house with rooftop bar, private pool
Renowned Yoga Guru Sharath Jois passes away at 53 after suffering heart attack
NASA alert! Giant 'God Of Chaos' asteroid set for close approach to Earth, may trigger astroquakes
UPPSC protest BIG update: RO-ARO exam postponed, PCS prelims to be held in one day
This man earned more money than Mukesh Ambani and world's richest man Elon Musk in one day, he is...
'World's best....': Japan vlogger's reaction to Bengaluru airport goes viral
Sania Mirza named Sports Ambassador of THIS city, not Delhi, Hyderabad, Jaipur
Shloka Mehta turns heads in sleek white gown at Tira store launch, see pics
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, Jaya Bachchan surprises everyone with...
IND vs SA: Arshdeep Singh goes past Bhuvneshwar Kumar to become Indian pacer with most....
Mukesh Ambani, Isha Ambani’s luxury retail chain opens new store at...
PM Modi to receive Dominica’s highest national award for...
Shraddha Kapoor says people with big foreheads are…
'Busy making...': Kanhaiya Kumar sparks row with remarks on Devendra Fadnavis' wife; BJP hits back
'Full baarati vibes': Vietnamese man's epic 'nagin dance' steals show at Mumbai event
Tilak Varma credits THIS player for his century against South Africa, says 'He gave me...'
UPSC IFS Mains Admit Card 2024 to be released today at upsc.gov.in, check direct link to download
'Be prepared for...': Rupali Ganguly's stepdaughter Esha Verma REACTS to Rs 50 crore defamation case
Saudi, Iran: Cautious dance toward détente?
Anushka Sharma shares glimpse of Children’s Day special dish for daughter Vamika, son Akaay
Jaw-dropping! Man wraps massive green anaconda around his shoulders, internet says...
Donald Trump plans to end Russia-Ukraine war with THIS move, is expected to 'soon' appoint...
As pollution worsens in Delhi with AQI at 'severe' level, experts at COP29 urge India to...
SDM Assault Case: 60 people arrested in Rajasthan's Tonk
Veg thali cost more than non-veg thali in October, here's why
Land drug trafficking patterns in North-Eastern Region
Shillong Teer Result November 14, 2024: Know updates on lucky winning numbers
Mukesh Ambani's SUPERHIT offer for Jio users: Get unlimited validity for 84 days at just Rs...
Delhi air quality dips to 'severe' category as AQI nears dangerous...
Bigg Boss OTT-fame Bhojpuri actress Akshara Singh receives extortion threat
‘All I do is…’: After Arjun Kapoor confirms breakup with Malaika Arora, her cryptic video goes viral
World Diabetes Day 2024: Types, causes, precaution to avoid this chronic disease
Children's Day 2024: 50 WhatsApp wishes, messages, quotes to share on bal diwas
AUS vs PAK Live Streaming: When and where to watch Australia vs Pakistan 1st T20I live in India?