Rice output this kharif season to be lowest in 2 years; to drop by 6% to 6.7 million tonnes  

Production of rice in the ongoing kharif season is expected to be 6.7 million tonnes  less than last year, according to the first advance estimate of agriculture production for the 2022-23 crop year (July-June). This is almost 6.05 per cent less than the same period last year at 104.99 million tonnes.   Rice production in the 2021-22 kharif season was a record […]

Read more

Fall in India’s Kharif paddy output may keep rice prices at higher levels 

A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, […]

Read more

Indian states estimate kharif rice procurement at last year’s level despite output concerns

The state governments have pegged the rice procurement target for the 2022 Kharif marketing season at around 506 lakh tonnes, the same as the last year’s level, notwithstanding the likely marginal drop in the output. However, the procurement estimates would be firmed up by the Union Food Ministry next week after deliberations with the state […]

Read more

Committee on MSP to meet on 22 August for its first session

The committee on Minimum Support Price (MSP) is scheduled to hold its first meeting on August 22 to discuss future strategies, according to official sources. In the first meeting, the committee will introduce members, deliberate on “future strategies” and discuss setting up sub-panels to cover the wide issues mentioned in the terms of reference. Meanwhile, […]

Read more