Govt sets record target to raise foodgrain production by 2% during 2021-22

Food Corporation of India (FCI) and state companies have bought almost 26 MT of wheat as on April 28 in ongoing season, as in opposition to 7.76 MT throughout corresponding interval of final 12 months.

After the India Meteorological Department (IMD) predicted a ‘normal’ monsoon, the federal government has set a record target to raise foodgrain production by 2% (y-o-y) throughout 2021-22 crop 12 months, beginning July. With costs of all rabi crops presently ruling both close to or above the minimal help costs (MSPs) regardless of bumper harvest, the federal government can safely wager on subsequent kharif crops to enhance the general agriculture progress and enhance the agricultural economic system.

Releasing the target on the annual kharif convention, agriculture commissioner SK Malhotra stated the target of whole meals grains production for 2021-22 is ready at a record 307.31 million tonne (MT), comprising 151.43 MT in kharif season and 155.88 MT throughout rabi. In 2020-21, production was 303.34 MT, in opposition to the target of 301 MT.

For 2021-22, the target for rice production has been fastened at 121.1 MT, wheat at 110 MT, pulses at 25MT, coarse cereals at 51.21 MT and oilseeds at 37.5MT.

Agriculture minister Narendra Singh Tomar stated that greater production targets for pulses and oilseeds are the need of the nation to cut back our dependency on import and to obtain the dream of Aatmanirbhar Bharat. Expressing issues over scarcity of oilseeds and pulses, Tomar requested state governments to work on mission mode to overcome the demand-supply mismatch.

The IMD has predicted this 12 months’s monsoon rainfall to be 98% of the lengthy interval common (LPA) of 88 cm. The monsoon season of June-September has over 70% share in India’s annual rainfall and is taken into account key to the success of agriculture sector, as nearly 52% of the agricultural land is rain-fed.

According to the climate bureau, rainfall between 96% and 104% of the LPA is taken into account ‘normal’ and 90-96% of the LPA is categorised as ‘below normal’. The company will launch the region- and month-wise forecast for 2021 in both the final week of May or the primary week of June.

Continuing thrust on greater cereals output over the past six years has proved the federal government’s reluctance to take any probability, regardless that it has been working schemes for Punjab and Haryana farmers to shift from water-guzzling paddy crop. Though the NDA authorities declared a shift within the nation’s agriculture coverage from production centric to revenue centric by saying a target to double farmers’ revenue by 2022, the persevering with thrust on greater (than requirement) procurement of paddy and wheat beneath MSP operation has been a burden on the exchequer with steady rise in meals subsidy.

Food Corporation of India (FCI) and state companies have bought almost 26 MT of wheat as on April 28 in ongoing season, as in opposition to 7.76 MT throughout corresponding interval of final 12 months, in accordance to meals ministry information.

The authorities has set a target to purchase 42.74 MT for the central pool throughout 2021, which is sort of 10% greater than precise amount bought final 12 months. According to FCI, the official reserves had 27.3 MT of wheat as on April 1, which is sort of 4 instances the buffer norm of seven.5 MT.

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