The Ministry of Agriculture and Farmers Welfare in its Third Advance Estimates of Major Agricultural Crops for the year 2023-24 has estimated India’s total foodgrain production at 3,288.52 lakh tonne for 2023-24, which is slightly lower than foodgrain production of 2022-23, while higher by 211.00 lakh tonne from average foodgrain production of last 5 years (2018-19 to 2022-23) of 3077.52 lakh tonne. Total Rice production is estimated at 1367.00 lakh tonne in 2023-24 as compared to 1357.55 lakh tonne in 2022-23, showing an increase of 9.45 lakh tonne. Production of Wheat is estimated at 1129.25 lakh tonne which is higher by 23.71 lakh tonne from previous year’s wheat production.
Production of tur is estimated at 33.85 lakh tonne in 2023-24 which is marginally higher by 0.73 lakh tonne from last year’s production of 33.12 lakh tonne. Production of lentil is estimated at 17.54 lakh tonne which is higher by 1.95 lakh tonne than the previous year’s production of 15.59 lakh tonne. The production of soybean is estimated at 130.54 lakh tonne in 2023-24 and production of rapeseed & mustard is estimated at 131.61 lakh tonne in 2023-24 which higher by 5.18 lakh tonne to last year’s production. The production of cotton is estimated at 325.22 lakh bales (of 170 kg each) and production of sugarcane is estimated at 4425.22 lakh tonne.
The production of shree anna is estimated at 174.08 lakh tonne showing a marginal increase of 0.87 lakh tonne from 2022-23 production. Further, production of nutri/coarse cereals is estimated at 547.34 lakh tonne which is higher by 46.24 lakh tonne from average nutri/ coarse cereals production. This estimate has been primarily prepared on the basis of information received from State Agricultural Statistics Authorities (SASAs).
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: