Major crop output likely to slip by 2.3% in FY13: CMIE
MUMBAI, Oct 22, 2012: The production of major crops, both food and non-food, is likely to fall by about 2.3 per cent in 2012-13 as sowing has remained slow, as per economic think tank Centre for Monitoring Indian Economy (CMIE).
“Production of major crops is projected to decline in 2012-13. A fall in output of both food and non-food crops is expected to dip by 2.3 per cent,” CMIE said in its monthly report.
As of September 28, Kharif acreage continued to remain sluggish and sowing plunged by 5.5 per cent to 971 lakh hectares, it highlighted.
The report projects a drop of 4.6 per cent in kharif food grain production in 2012-13.
“Our estimates of rice, coarse grain and pulses output are higher than Agriculture Ministry’s estimates. We expect late sowing and an improvement in weather conditions to narrow the decline in kharif food grain production to 123.7 million tonne in 2012-13,” it said.
Kharif rice cultivation dropped by more than 4 per cent to 367.7 hectares by September 28 and is likely to decline by 3 per cent to 88.7 million tonne in FY13, it further said.
“We project a healthy 6.3 per cent growth in rabi rice production in 2012-13, consequently, the total rice output is projected to decrease by a smaller 1.9 per cent to 102.3 million tonne,” CMIE said.
Coarse cereals production is expected to decrease by 7.9 per cent to 38.5 million tonne in 2012-13.
In the current financial year, the production of pulses is pegged to drop by 1.3 per cent to 16.9 million tonne, on the back of decline in production of pulses other than gram and tur.
Courtesy: SME News