India eyes record rice production in 2024-25 monsoon
India, the world’s biggest rice exporter, is likely to produce a record 119.93 million tonnes of the crop in 2024-25 kharif season on the back of a good monsoon, the country’s agriculture ministry said today.
The first advance estimate of the ministry comes amid surplus stocks in government godowns.
Rice production is projected to be 6.67 million tonnes higher than the previous year’s kharif (monsoon) season.
The harvesting and procurement of the main kharif crop is underway across the country, particularly in India’s food bowl Punjab and Haryana.
Pralhad Joshi, minister of consumer affairs, food and public distribution, at an event in New Delhi today reiterated the commitment of the government to achieve the targeted procurement estimate of 184 lakh tonnes in Punjab and procure every single grain brought to mandis by the farmers.
As of November 4 this year, some 104.63 lakh tonnes of paddy have arrived in the Punjab markets, out of which 98.42 lakh tonnes have been procured by state-owned agencies, he said.
Punjab and Haryana states make up the food bowls of India and like every year 185 lakh tonnes and 60 lakh tonnes of paddy are estimated to be procured from these two states respectively during the 2024-25 kharif season.
These two states account for almost 40 percent of central pool procurement.
The procurement operations are ongoing in full swing in both the states.
The procurement of paddy commenced on October 1 this year in Punjab and on September 27 in Haryana, but the harvesting and procurement were delayed due to heavy rainfall in September and the resultant higher moisture content in paddy.
However, despite a late start, both the states are well on track to achieve the estimates of paddy procurement by stipulated dates of November 30 of 2024 for Punjab and November 15 for Haryana.
In September and October, India allowed shipment of non-basmati white rice and removed the minimum floor price for export of the same grain in a bid to boost the overseas exports as inventories in the country neared the brimming point.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Invest in the Best: What Attracts Investors in Agri Today
Competition between Russian and Ukrainian wheat intensifies in the Black Sea region
Can Africa avoid Asia’s palm oil pitfalls?
Azerbaijan increased wheat imports by 29%
Germany and France propose ‘symbolic membership’ for Ukraine in the EU...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon