Commodity Alert: India's food grain output from summer crop seen down 3%.
India’s food grain production from summer-sown crops is likely to fall 2.8 percent in 2017/18 from a year ago to 134.67 million tonnes on lower rice output, the government said today. Production of summer-sown rice is estimated to fall 2 percent to 94.48 million tonnes, while production of pulses could drop 7.5 percent to 8.71 million tonnes, the government said in a statement. Cotton output could fall to 32.27 million bales from 33 million bales a year ago despite a rise in the crop area. (1 Indian bale = 170 kg)
Source: Reuters
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