The Hindu : Business : Farm output likely to decline

Online edition of India's National Newspaper
Tuesday, Feb 09, 2010
ePaper | Mobile/PDA Version

Business

Business

Farm output likely to decline

Special Correspondent

NEW DELHI:The output from agriculture sector is likely to decline by 0.2 per cent in the current fiscal due to fall in kharif production on account of drought and floods in several parts of the country against 1.6 per cent growth in the previous year, the Central Statistical Organisation (CSO) said.. Late last month, the Reserve Bank of India (RBI) in its third quarter review of the monetary policy had projected that the agricultural GDP growth in 2009-10 is expected to be near zero.

Production of foodgrains and oilseeds is expected to decline by 8 per cent and 5 per cent in the 2009-10 crop year compared with the previous year. The sugarcane output is likely to dip by 11.8 per cent, something that could add up to pressure on the sugar prices. Among the horticultural crops, production of fruits and vegetables is expected to increase by 2.5 per cent and 4.8 per cent, respectively, in 2009-10, the CSO said. Rice production is estimated to be 71.65 million tonnes in the 2009-10 kharif season as compared to the actual production of 84.58 million tonnes in the previous season. Production of coarse cereals is also likely to fall to 22.76 million tonnes from the actual production of 28.34 million tonnes in the 2008-09 kharif season.

Printer friendly page
Send this article to Friends by E-Mail

Business

News Update

Stories in this Section