Backed By IMD's Forecast, Agriculture Ministry Of India Targets A Bumper Harvest

1. Backed By IMD's Forecast, Agriculture Ministry Of India Targets A Backed By IMD's Forecast, Agriculture Ministry Of India Targets A Bumper Harvest Bumper Harvest Located in Asia, India is an agrarian economy. A major section of the country’s population is involved in agriculture and allied activities and the sector, as a whole, contributes 20 percent on an average, to the country’s GDP, Since, agriculture acts as a primary source of livelihood for crores of Indians, any impact on the domestic production reflects heavily, not just on country’s revenue but also on lives of individuals. Droughts, scanty rainfall, high temperatures, etc. heavily influence the sentiments of Indians in general and Indians involved in farming and agriculture, in particular, and this time as well, forecasts of El Nino weather patterns negatively impacted the emotions. However, dispelling the negativity, the Agriculture Ministry of India believes that India is set to have a bumper harvest this year, and riding on the back of IMD’s predictions of “normal to above normal rainfall” have set an all-time high, India’s food grain production target.

2. Agriculture Ministry Of India Raises The Nation’s Food Grain Output By 2.5% Agriculture Ministry Of India Raises The Nation’s Food Grain Output By 2.5% Stating the IMD’s (Indian Meteorological Department) forecast of last month wherein the department predicted a 49% probability for India to witness a normal to above normal monsoon rainfall this year, the Agriculture Ministry of India, set an ambitious national food grain production target of 332 million tonnes for the 2023-24 crop year, in a meeting on preparedness for the upcoming Kharif season, beginning June on 3rd of May, 2023. This is 8 million tonnes or 2.5 percent higher than India’s grain production last year. The ambitious move by the Agriculture Ministry of India is likely to invite stakeholders to take action to ensure the same and is ultimately going to give a boost to the rural economy. States Need To Be Prepared To Tackle The El States Need To Be Prepared To Tackle The El- -Nino Possibility Since there is a possibility that India is going to brace El-Nino effect during the second half of the current Kharif season (August-September), the Agriculture Ministry of India has advised the states to prepare for the same. In an advisory, it has asked the authorities involved to plant drought-resistant seeds and implement other advanced techniques to overcome a situation of scanty rainfall. Nino Possibility The Bottom Line The Bottom Line The El-Nino effect has the potential to affect India’s domestic crop production adversely. However, being optimistic of IMD’s forecast of normal to above normal rainfall, the Agriculture Ministry of India has set an ambitious national food grain production target of 332 million tonnes for the 2023-24 crop year. While doing so, it has not brushed aside the possibility of El-Nino that can adversely affect the crops during the second half of the current Kharif season. Still, it has asked the authorities involved to be prepared in case of such an event. If you are an agro exporter looking to Export Bulk Agro-Commodities or are an agro-importer looking to import bulk agro-commodities, then Tradologie.com is the platform for you. Tradologie has over 600,000 verified buyers and 70,000+ verified suppliers in its network and through the platform, you can connect and conduct bulk trade of food and agro-commodities with ease. To register as a seller, click here. To register as a buyer, click here. To stay updated with the recent happenings of the agro-trade industry, do follow Tradologie across all social media channels.