# Government banks on ‘normal’ monsoon, targets record foodgrain output

> The Indian government set a record 2021-22 foodgrain production target of 307 million tonnes, based on a forecast of normal monsoon rain. The target is 1.3% above the 2020-21 estimate, with coarse cereals targeted to rise 4%.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/47567-government-banks-on-normal-monsoon-targets-record-foodgrain-output
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A government production target is not a forecast of actual output, but it signals expected Indian grain supply growth and depends on monsoon performance that could move coarse grain and rice prices.

## Read by commodity

- RICE: neutral
- WHEAT: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-26 | [Despite floods, government eyes record foodgrain output](https://feedsoft.ai/events/57551-despite-floods-government-eyes-record-foodgrain-output.md) | +6.3% | +9.8% |
| RICE | 2018-09-18 | [Govt eyes record 285.2 MT foodgrain output in 2018-19 despite deficit rains so far this monsoon – Firstpost](https://feedsoft.ai/events/63000-govt-eyes-record-285-2-mt-foodgrain-output-in-2018-19-despite-deficit-rains-so.md) | -4.6% | +4.4% |
| RICE | 2025-08-29 | [Grain Journal \| Broken Rice Gains Traction in Feed and Food Markets,…](https://feedsoft.ai/events/23399-grain-journal-broken-rice-gains-traction-in-feed-and-food-markets.md) | +0.5% | -2.4% |
| RICE | 2023-10-22 | [Mint Primer: Making sense of India’s record food production \| Mint](https://feedsoft.ai/events/33583-mint-primer-making-sense-of-india-s-record-food-production-mint.md) | +2.4% | +9.9% |
| RICE | 2023-06-15 | [FAO Forecasts World Rice Output to Rise 1.3 Percent in 2023-2024 Season - ក្រសួងព័ត៌មាន](https://feedsoft.ai/events/35557-fao-forecasts-world-rice-output-to-rise-1-3-percent-in-2023-2024-season.md) | -0.1% | +0.6% |
| WHEAT | 2019-08-26 | [Despite floods, government eyes record foodgrain output](https://feedsoft.ai/events/57551-despite-floods-government-eyes-record-foodgrain-output.md) | +0.9% | -0.2% |
| WHEAT | 2018-09-18 | [Govt eyes record 285.2 MT foodgrain output in 2018-19 despite deficit rains so far this monsoon – Firstpost](https://feedsoft.ai/events/63000-govt-eyes-record-285-2-mt-foodgrain-output-in-2018-19-despite-deficit-rains-so.md) | +1.0% | +8.7% |
| WHEAT | 2017-03-30 | [World grain output expected to fall as record 2016 harvest weighs on prices](https://feedsoft.ai/events/72022-world-grain-output-expected-to-fall-as-record-2016-harvest-weighs-on-prices.md) | +0.4% | +1.2% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/india/government-banks-on-normal-monsoon-targets-record-foodgrain-output/articleshow/82331793.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.