The government of India's second advance estimate pegs wheat output at a record 112 million tonnes in 2023-24 season

Wheat

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Published Mar 1, 2024

Tridge summary

The Indian government has projected a record wheat production of 112.01 million tonnes for the 2023-24 crop year, surpassing the previous record by 1.46 million tonnes. However, the output of rabi rice, maize, and coarse cereals is expected to decrease compared to the previous year. The total rabi foodgrains output is also predicted to slightly drop to 155.16 million tonnes. For the 2024-25 rabi marketing season, the government has set a procurement target of 30-32 million tonnes.

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Original content

New Delhi, Feb 29 (PTI) The government on Thursday pegged wheat output at a record 112.01 million tonnes for the 2023-24 crop year (July-June) in its second advance estimate ahead of the harvesting season. The wheat output is estimated to be 1.46 million tonnes higher than the previous record of 110.55 million tonnes achieved in the 2022-23 crop year. Wheat, the main rabi (winter) crop, is ready for harvest and procurement is set to begin from next month onwards in some states. The government has set a conservative procurement target in the range of 30-32 million tonnes for the 2024-25 rabi marketing season (March-April), as against the actual procurement of 26.2 million tonnes in the previous year. Wheat is procured by the central and state agencies at a minimum support price (MSP) of Rs 2,275 per quintal. However, rabi rice production is projected at 12.35 million tonnes for the 2023-24 crop year, lower than 15 million tonnes in the year-ago period. Even rabi maize production is ...

Source: Theprint