Kharif foodgrain production may drop up to 6% in 2022-23: Origo Commodities

Production is projected lower due to a decline in acreages by 0.8% year-over-year (y-o-y) while yield is estimated to drop by 0.8% from the previous year. Kharif foodgrain production is estimated to drop by 6.2% y-o-y to 146.39 MMT mainly due to a fall in rice production while Kharif oilseeds production is projected to fall by 8% y-o-y to 21.97 MMT due to a fall in groundnut and castor production.

from Commodities-Markets-Economic Times
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