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Data● Neutral for Indian equities
India sets foodgrain target below last year’s record output
The brief
- India targets 373.93 million tonnes of foodgrain production for the 2026-27 crop year
- The target is below last year’s record output; weather impacts are a concern
- Foodgrain output and weather risks matter for Indian food companies and consumer-goods firms
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
- Govt lowers foodgrain production target by 2.63 mn tonnes for 2026-27 over El Nino fears
- India’s kharif crops output may be lower, crops in winter season also at risk in rainfed areas
- El Niño risks lower rabi output in rainfed areas
- China plans tariff cuts on US farm goods but excludes soybeans