Posted in Economy

Kharif output may be better than last year’s

 November 5, 2024  Leave a Comment on Kharif output may be better than last year’s
Inside Image (1).


New Delhi: Total production of main kharif crops-rice, pulses and maize-in the 2024-25 crop season is expected to surpass last year mainly because of good monsoons and gains from a larger area under cultivation, according to the first advance estimate issued by the agriculture ministry on Tuesday.

While kharif rice output is expected to increase nearly 6% to 119.93 million tonnes from 113.25 million tonnes last year, tur production is expected to rise about 3% to 3.5 million tonnes from 3.4 million tonnes.

Moong production is expected to rise to 1.4 million tonnes from 1.2 million tonnes last year. However, urad production, another major kharif pulse, is expected to decline to 1.2 million tonnes this year from 1.6 million tonnes last year.

India faced shortages of tur and urad last year due to lower production, which lifted overall food inflation to 9.24% in September. Higher price of pulses forced the government to remove import restrictions and impose stock limits. A good produce this year is expected to help ease inflation.

Maize, another crop which the government is promoting for ethanol production, is expected to increase to 24.5 million tonnes this year from 22.2 million tonnes last year.

Growfast

Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



Source link

Online Company Registration in India

Leave a Reply

Your email address will not be published. Required fields are marked *