Onion production to decline in 2023-24: First Advance Estimate

Published 2024년 3월 7일

Tridge summary

India's onion production is projected to decrease to approximately 25.473 million tonnes in 2023-24, a significant drop from 30.208 million tonnes in the previous year, due to reduced yields in Maharashtra, Karnataka, Andhra Pradesh, and Rajasthan. Potato production is also anticipated to fall. Despite the government's efforts to stabilize prices by banning onion exports and selling buffer onion stock at a subsidized rate, high onion prices persist, contributing to food inflation. However, the overall horticulture production is expected to reach 355.25 million tonnes, driven by increased fruit and vegetable production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The production of the politically sensitive kitchen staple, onions in the country during the year 2023-24 (July-June) is expected to drop to around 25. 473 million tonnes compared to around 30.208 million tonnes last year due to a lower yield in key. producing states of Maharashtra, Karnataka, Andhra Pradesh and Rajasthan, according to First Advance Estimate for the year released by the agriculture ministry on Thursday. The production of potatoes is also expected to decline to 58.9 million tonnes in 2023-24 compared to last years 60.1 million tonnes due to a lesser output in West Bengal. Production of Onion in 2023-24 (First Advance Estimates) is expected to be around 254.73 Lakh Tonne compared to around 302.08 Lakh Tonne last year due to decrease of 34.31 Lakh Tonne in Maharashtra, 9.95 Lakh Tonne in Karnataka, 3.54 Lakh Tonne in Andhra Pradesh. and 3.12 Lakh Tonnes in Rajasthan, the ministry said in a statement. The government last year, imposed a ban on onion exports till March ...

Source: Economic times