Vishwarupa
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NEW DELHI, APRIL 23:
The Agriculture Ministry has raised foodgrains production estimate for 2011-12 to an all-time record of 252.56 million tonnes on higher rice and wheat output.
Earlier, the Government had pegged the foodgrains output at 250.42 mt.
Releasing the third advance crop estimates, the Agriculture Minister, Mr Sharad Pawar, said rice and wheat production for 2011-12 will touch an all-time record of 103.41 mt and 90.23 mt, respectively.
Cotton output will also touch an all-time record of 35.2 million bales of 170 kg each, he said. The earlier projections stood at 34 million bales.
Storage issue
"The overall foodgrains production is good and the problem is only on storage," Mr Pawar said stating that the storage issue is being addressed by the Food Ministry.
The higher foodgrains output will also raise the prospects for additional exports of rice, wheat, sugar and cotton.
The Minister said the Prime Minister, Dr Manmohan Singh, will chair a meeting on April 30 to look into the issue of commodity exports. The Commerce, Finance and Food Ministers will also attend the meeting, he said.
Some good news...hope we meet the expectation. Look forward to comments from Members about storage issue.
The Agriculture Ministry has raised foodgrains production estimate for 2011-12 to an all-time record of 252.56 million tonnes on higher rice and wheat output.
Earlier, the Government had pegged the foodgrains output at 250.42 mt.
Releasing the third advance crop estimates, the Agriculture Minister, Mr Sharad Pawar, said rice and wheat production for 2011-12 will touch an all-time record of 103.41 mt and 90.23 mt, respectively.
Cotton output will also touch an all-time record of 35.2 million bales of 170 kg each, he said. The earlier projections stood at 34 million bales.
Storage issue
"The overall foodgrains production is good and the problem is only on storage," Mr Pawar said stating that the storage issue is being addressed by the Food Ministry.
The higher foodgrains output will also raise the prospects for additional exports of rice, wheat, sugar and cotton.
The Minister said the Prime Minister, Dr Manmohan Singh, will chair a meeting on April 30 to look into the issue of commodity exports. The Commerce, Finance and Food Ministers will also attend the meeting, he said.
Some good news...hope we meet the expectation. Look forward to comments from Members about storage issue.
