The country is estimated to have harvested a record 235.88 million tonnes (MT) of
foodgrains in the 2010-11 crop year, ending June, helped by all-time high output of wheat and pulses, the government announced on Wednesday.
Economists feel that the higher foodgrain production will help further ease food inflation - which stood at 9.5 per cent for the week ended March 19 - in the coming weeks.
"The third advance estimate figures are available with me, which show an all-time record production of foodgrains at 235.88 million tonnes. Wheat at 84.27 million tonnes and pulses at 17.29 million tonnes are also the highest recorded production ever," Agriculture Minister Sharad Pawar said.
He released the third advance estimate of foodgrains production for the 2010-11 crop year (July-June) at the Kharif Conference for the next crop year.
The Agriculture Ministry has revised the estimates for foodgrains production upward to 235.88 million tonnes (MT) in the third advance estimates for 2010-11 from 232.07 MT in the second advance estimates released in February.
Thanks to the good monsoon, foodgrain production this year is nearly 18 MT higher than the 218.11 MT achieved in drought-hit 2009-10. The earlier record was 234.47 MT in 2008-09.
In the foodgrains basket, the ministry has upped the production estimates for wheat, rice, pulses and coarse cereals.
"The benefit of higher foodgrains production is already showing in food inflation. The announcement of bumper crop would help further ease pressure on food prices," said D K Joshi, Principal Economist with credit rating agency Crisil.
According to the third advance estimates, wheat output has risen by 3 MT from the February projection to a record 84.27 MT in 2010-11. The earlier record was 80.8 MT in 2009-10.
Similarly, pulses output has been upped by nearly one million tonnes from the second advance estimate to a record 17.29 MT this year. Last year, pulses production stood at 14.66 MT, while the all-time record of 14.91 million tonnes was achieved in 2003-04.
While rice production has been revised upward marginally to 94.11 MT in 2010-11 vis-a-vis the second advance estimate, it is much higher than the last year's output of 89.09 MT.
Coarse cereals production, too, has been revised slightly upward to 40.21 MT in 2010-11 from the earlier estimate. Last year's production stood at 33.55 MT.
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