Govt overestimated annual wheat output for FY23: Data
The fourth and final round of estimates of crop output for 2022-23, released by the agriculture ministry last week, showed foodgrain production was at a record high | Latest News India
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The fourth and final round of estimates of crop output for 2022-23, released by the agriculture ministry last week, showed foodgrain production was at a record high | Latest News India
India's government has admitted that its estimate of wheat output for the 2022-23 season is under dispute, with grain traders arguing that production could not have been more than 102-103 million tonnes, compared to the government's estimate of 112-113 million tonnes. The discrepancy has led to high cereal inflation in the country, despite expectations of falling prices and substantial state-held stocks. The government is now planning to use technology-driven models to improve its crop estimates and ensure more accurate data in the future. | Latest News India
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The Ministry of Agriculture on Thursday termed the crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) as the third largest crop insurance scheme in the World. It said that around 5 crore farmer applications are being received under ...
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