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Data▼ Bearish for Indian equities
Govt lowers foodgrain production target by 2.63 mn tonnes for 2026-27 over El Nino fears
The brief
- The 2026-27 foodgrain production target is 373.93 million tonnes, down 2.63 million tonnes
- The lower target reflects El Niño concerns and water availability
- A lower production target raises exposure for Indian agriculture and food-related companies
- Festive season ahead: Govt urges edible-oil processors to cut retail prices after duty cuts
- India sets foodgrain target below last year’s record output
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
- Rice prices may rise another 10-15%; wheat seen range-bound: Industry experts
- Uruguay eyes Indian edible oil market, aiming to emulate Argentina’s export success
Weak monsoon raises crop and food supply risks
Deficient and uneven monsoon rains have hurt fertiliser sales and threaten kharif output; Maharashtra declared 265 of its 358 talukas drought-affected. El Niño could also put rainfed rabi crops, including wheat, pulses and oilseeds, at risk.
Tuesday, 29 September
- Govt lowers foodgrain production target by 2.63 mn tonnes for 2026-27 over El Nino fears