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Government eyes record 285.2 million tonne foodgrain output in 2018-19
Finance Minister Arun Jaitley Tuesday made a case for blending subsidy with investment to augment farm sector growth and make it The government has set a target of record 285.2 million tonne (MT) foodgrain production in the 2018-19 crop year despite deficit rains so far this monsoon. India harvested a record 284.83 MT of foodgrain in the 2017-18 crop year (July-June). The target for 2018-19 crop year was set at a conference called today for preparing strategies for Rabi (winter-sown) crop.

South India tea production may be down by 25 million kg this year
Torrential rain in Kerala in July-August may pull down the total tea production in South India by 25 million kg during the year, which is expected to reflect on the overall tea production in the country. Two major tea producers Harrisons Malayalam Ltd. (HML) and Kanan Devan Hill Plantations Company (KDHP) with estates in Idukki and Wayanad districts in Kerala have reported massive losses from the incessant rains.

Basmati rice exports face an uncertain outlook
Indian basmati rice exports face an uncertain export outlook after registering an impressive growth of 23 % and 14 % respectively during FY2018 and first four months of FY2019, according to ICRANSE -1.58 %. As per an ICRA note released on Wednesday, certain adverse developments, materialised and impending, in some major export destinations could materially hurt the export demand for Indian Basmati rice, thereby exerting downward pressure on realisations across the chain.

Rainfall deficit widens to 10% below normal levels
The countrys rainfall deficit in the ongoing monsoon season widened to 10%, hovering on borderline drought conditions, following below-normal showers every month — a pattern of consistent shortfall not seen since 2004. After a vigorous start, the southwest monsoon was patchy through the June-to-September season so far, although the deficit may narrow in the days ahead as more bursts of rainfall are forecast.

Rain, pests may hit Kharif crop in Gujarat, Maharashtra
Production of key kharif crops such as cotton and oilseeds, along with the perennial sugarcane crop, is expected to decline in Maharashtra and Gujarat due to erratic rainfall and pest attacks. The Gujarat government reduced the production and yield of kharif crops in its first advance estimate for 2018-19.