New Delhi India’s grain output is estimated to exceed the previous forecast to hit a fresh peak of 252.56 million tonne this crop year through June on higher-than-expected output of rice and wheat, although coarse cereal and pulse production will trail last year’s level.
The record harvest will keep key grain supplies steady and provide the much-needed comfort to the government as it gears up to implement a food security law, but it will also bring to the fore problems of storage. Moreover, a downward revision in the production of pulses, coarse cereal and oilseeds may weigh on prices.