Financial Daily from THE HINDU group of publications
Saturday, Jul 09, 2005
Industry & Economy - Economy
Agri-Biz & Commodities - Foodgrains
Govt lowers foodgrains production estimates
New Delhi , July 8
FOODGRAINS production for the 2004-05 crop year has been estimated to be lower than the previous year by about nine million tonnes (mt).
The Fourth Advance Estimates released by the Ministry of Agriculture on Friday have lowered the production to 204.61 mt compared with 210.44 mt pegged in the third advanced estimate.
While the total production estimate is 8.85 mt lower than the previous year's (2003-04) output of 213.46 mt, the target has been missed by 20.49 mt. The third advanced estimates of production were released by the Government in the latter half of March this year.
The estimates are for July 2004 to June 2005.
The estimated 204.61 mt is accounted for by 103.32 mt kharif foodgrains and 101.29 mt rabi foodgrains.While the kharif estimates are marginally lower (0.76 mt) than the third advanced estimates of 104.08 mt, rabi production is estimated to be about 5 mt lower than the third advanced estimates of 106.36 mt.
Wheat production is pegged at 72 mt (74.04 mt in third advanced estimates) and rice production at 85.31 mt (87.12 mt in third advanced estimates).
Production of coarse cereals are estimated at 33.92 mt compared with 34.26 mt in the third estimates released in March. Pulses are also estimated at 13.38 mt, over 1.5 mt lower than the March estimates of 15.01 mt.
The production of oilseeds is estimated at 261.03 lakh tonnes, cotton at 170.02 lakh bales of 170 kg each, jute and mesta at 104.89 lakh bales of 180 kg of each and of sugarcane at 2,323.18 lakh tonnes.
Incidentally, rabi production continues to be lower than kharif for 2004-05, according to fourth estimates. Earlier, based on the third advanced estimates, Government had stated that rabi production would exceed kharif production for the first time since 1950-51.
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