Food production inIndia for 2007-08 is estimated to be 227.3 million tonnes according to the Third Advance Estimates. This will be the highest ever food production in India surpassing the earlier record of 217.28 million tonnes during 2006-07.
Production of rice (95.68 MT), wheat (76.78 MT), coarse cereals (39.67 MT), maize (18.54 MT), pulses (15.19 MT) and oilseeds (26.21 MT) were estimated to touch all-time high. Sugarcane production was estimated to be marginally lower than that of 2006-07.
The estimated increase in production comes from the same area under cultivation. The total crop area of the country has remained static at 141 million hectares. The increase in food production can be attributed to favourable weather conditions and policies of the governments. We can expect a reduction in food prices because of this increased production and a ban on export of some of the commodities. Wholesale price index (WPI) of many agricultural commodities has also started declining.
We are indebted to the farmer for his efforts in increasing the production and making our lives easier.
Monday, June 30, 2008
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