: India’s kharif rice output down by 6% #FinanceIndia #StockMarketNEWS #Business Press Trust of India New Delhi India’s rice production is likely to decline by 6% to 104. 99 million tonnes

@StockMarketNEWS Mon 26 Sep, 2022

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India’s kharif rice output down by 6% #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

New Delhi

India’s rice production is likely to decline by 6% to 104. 99 million tonnes in the kharif season this year due to decrease in paddy acreage in the wake of poor rains in key producing states, especially Jharkhand.

Releasing the first advance estimate for the kharif (summer) season of the 2022-23 crop year (July-June), the agriculture ministry said rice production will be 104. 99 million tonnes, lower than 111. 76 million tonnes in the year-ago period.

The rice output is likely to be hit because of lower paddy coverage mainly in Jharkhand by 9. 37 lakh hectares, followed by Madhya Pradesh (6. 32 lakh hectares), West Bengal (3. 65 lakh hectares), Uttar Pradesh (2. 48 lakh hectares) and Bihar (1. 97 lakh hectares) on account of poor rainfall.

Sowing in the kharif season begins with the onset of the southwest monsoon from June and harvesting from October onwards. Rice is mainly grown in the kharif season, which contributes 85% the total rice production. Remaining 15% is grown in the rabi (winter) season.

As per the ministry’s data, the likely fall in rice output is estimated to bring down the country’s total foodgrain production to 149. 92 million tonnes in the 2022-23 kharif season as against 156. 04 million tonnes in the 2021-22 kharif season.

Experts said these are initial estimates and the revival in rainfall in some states is likely to narrow down the difference in the paddy coverage and production scenario.

Besides rice, foodgrains basket grown in the kharif season comprise of coarse grains and pulses.

Pulses production has been pegged at last year’s level of 8. 37 million tonnes in this kharif season with slight decline in output of tur and urad.

Coarse cereals output is projected to be slightly higher at 36. 56 million tonnes in this kharif season as against 35. 91 million tonnes in the year-ago period.

Maize output is pegged at a record 23. 10 million tonnes as against 22. 63 million tonnes in the said period.

In non-foodgrain category, production of oilseeds is projected to be 23. 57 million tonnes in this kharif season as against 23. 88 million tonnes in the year-ago period.

Soyabean production is pegged lower at 12. 89 million tonnes as against 12. 99 million tonnes in the said period.

In case of cash crops, the ministry has projected cotton output higher at 34. 19 million bales of (170 kg each) in 2022-23 crop year as against 31. 20 million bales last year.

Sugarcane production is pegged at a record 465. 05 million tonnes as against 431. 8 million tonnes in the said period.

Jute/mesta output is projected to be lower at 10. 09 million bales of (180 kg each) during the current crop year as against 10.