Govt revises wheat production estimate downwards by 5.7% to 105 mn tonnes

The government has revised downwards the estimate for wheat production by 5.7 per cent to 105 million tonnes in the 2021-22 crop year ending June from the earlier projection of 111.32 million tonnes, as the crop productivity has been affected due to the early onset of summer.

Addressing a press conference, Food Secretary Sudhanshu Pandey said the agriculture ministry has revised the wheat production estimate downwards to 105 million tonnes for the 2021-22 crop year from 111.3 million tonnes earlier.

India’s wheat production stood at 109.59 million tonnes in the 2020-21 crop year (July-June).

The lowering of estimates has been attributed to “early summer”.

Pandey, however, said there is no case for controlling exports of wheat.

The government’s wheat procurement is expected to fall to 19.5 million tonnes in the 2022-23 marketing year (April-March), much lower than the last year, due to several factors, including higher market prices of wheat in some states compared to the minimum support price (MSP), stocks being held by farmers and traders in anticipation of further price rise and lower production than estimated in some states.

Pandey said the government has allocated 55 lakh tonnes of additional rice in place of wheat to states for distribution under the government’s free ration scheme PMGKAY.

The Centre has launched the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) to provide free foodgrains to over 80 crore beneficiaries covered under the National Food Security Act as part of its efforts to reduce the hardships of people during the coronavirus pandemic.

Under the scheme, the Centre provides 5 kilograms of foodgrains per person per month free of cost. The additional free grain is over and above the normal quota provided under the NFSA at a highly subsidised rate of Rs 2-3 per kg.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor