Following what has by all accounts been a good monsoon and with adequate storage for the Rabi (winter) crops, India is counting on a successful season of Kharif (summer) crops. The government recently revised the country’s food-grains production target for 2020-21 to an all-time record of 301 million tonnes (MT) - 4 MT more than the output of 2019-20. The focus is now on pulses and oilseeds.
The production target for the main oilseed, mustard, was raised from 9.2 MT to 12.5 MT, as part of the ongoing campaign to cut India’s import bills, and a hike of 5.1% was given to the minimum support price (MSP) for procuring mustard in the next marketing season, compared to the 2019-20 season.
The target of production of all the pulses together, including lentil, gram and others, was set at 25.6 MT for the 2020-21 crop year. Similarly, the target for all oilseeds has been set at 37 MT.
The new target for India’s food-grains production was shared during a deliberation at a conference on preparation for the upcoming sowing season of Rabi crops, which will begin in certain parts of the country after mid-October.
A robust harvest will lead to the movement of grains across the country and have a positive impact on the transportation sector.