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Sep 20, 2014
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Kharif crop output likely to decrease 7% this year
Kharif foodgrain output is expected to fall by 7 per cent to 120.27 million tonnes (mt) this year, the biggest drop since the severe drought five years ago. An extended dry spell in the first six weeks of monsoon season, with subsequent floods in some places, has damaged crops.
However, analysts said an adequate grain stock would keep the inflationary price trend at bay. Agriculture minister Radha Mohan Singh also said the estimate may be revised upwards later.
Source -
http://economictimes.indiatimes.com
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