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India will be able to procure a record 109.24 million tons of wheat this year, according to the Ministry of Agriculture. Due to more than a decade of bumper production, stocks that continue to be stored in government granaries will be further increased.
Wheat output in India, the world’s second biggest producer, is expected to go up by 1.3% in the crop year to June 2021, the Agriculture & Farmers Welfare Ministry said in its second crop forecast for 2020/21.
Rice output is estimated to rise by 1.2% to 120.32 million tons. India is the world’s biggest rice exporter and second biggest producer.
The Agriculture & Farmers Welfare Ministry forecast this year’s total grains output at a record 303.34 million tons against 297.5 million tons produced in the previous year.
Output of rapeseed, the main winter oilseed with the highest oil content, is expected at 10.4 million tons, higher than previous year’s production of 9.1 million tons.
Production of chickpeas, a variety of pulses, is likely to be 11.62 million tons against 11.08 million tons harvested in the previous year.
Any increase in rapeseed and chickpea production cuts imports of expensive vegetable oils and pulses - the commodities that are mostly in short supply in India, the world’s biggest importer of both cooking oils and protein-rich pulses. Find more.
Source: Online/SZK
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