Banking on forecast of a normal monsoon, the government has set the foodgrain production target at 298.3 million tonnes for the 2020-21 crop year, up 2% from the record output achieved in the current year. India’s foodgrains production is estimated at a record 291.95 million tonnes in the 2019-20 crop year (July-June), beating the target of 291 million tonnes.
In the foodgrains category, rice production target has been fixed at 117.5 million tonnes in 2020-21 from estimated 117.47 million tonnes output in the current crop year. Target for wheat output has been kept at 106.5 million tonnes, same at the current level estimated for the 2019-20 crop year.
Similarly, coarse cereals production target has been set higher at 48.7 million tonnes in 2020-21, from estimated 45.24 million tonnes output in the current crop year. The target for pulses production is 25.6 million tonnes, up from 23.02 million tonnes in the current year.
In the non-foodgrain category, the government has set a higher goal of producing 36.64 million tonnes of oilseeds as against 34.19 million tonnes in the 2019-20 crop year. Cotton output target has been fixed at 36 million bales compared with 34.89 million bales (of 170 kg each) this crop year.
Sugarcane production target is 390 million tonnes during 2020-21, up from 353.8 million tonnes estimated in the current crop year. Meanwhile, the Indian Meteorological Department (IMD) forecast that the country will receive ‘normal’ monsoon rainfall this year, raising hopes for higher farm output.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: