The agriculture ministry in its first advance estimates for kharif season of 2022-23 crop year (July-June) has stated that rice production of India is likely to decline by 6 per cent to 104.99 million tonnes in the kharif season this year as compared to rice production of 111.76 million tonnes in kharif season of 2021-22 crop year. The drop in production can be attributed to a fall in paddy acreage amidst rainfall deficit in key producing states, including Jharkhand, Madhya Pradesh and West Bengal.
The data showed that foodgrain production is estimated to drop at 149.92 million tonnes in the kharif season for 2022-23 as against 156.04 million tonnes in the previous season. Sowing of paddy, the main kharif crop, has declined by nearly 19 lakh hectares as on September 16 to 399.03 lakh hectares, as compared to 417.93 lakh hectares in the year-ago period.
Sowing in the kharif season begins with the onset of the southwest monsoon from June and harvesting from October onwards. The paddy acreage has declined mainly in Jharkhand by 9.37 lakh hectares, followed by Madhya Pradesh (6.32 lakh hectares), West Bengal (3.65 lakh hectares), Uttar Pradesh (2.48 lakh hectares) and Bihar (1.97 lakh hectares). About 85 per cent of India’s total production comes from this season.
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: