# Record foodgrain target of 298.3 million tonnes set

> India's agriculture ministry targets record foodgrain production of 298.3 million tonnes for 2020-21, up from 291.95 million tonnes in 2019-20. The India Meteorological Department forecasts a normal monsoon with a chance of above-normal rain in August and September.

- Date: 2020-04-16 · published 2020-04-16T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/53622-record-foodgrain-target-of-298-3-million-tonnes-set
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A normal monsoon and a target for record output point to ample Indian grain supply in the coming season. This is a government target rather than a realised outcome, so the immediate price effect is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-04-25 | [India sets a record foodgrains target of 291 million tonnes  - The HinduBusinessLine](https://feedsoft.ai/events/59583-india-sets-a-record-foodgrains-target-of-291-million-tonnes-the.md) | +0.9% | +11.6% |
| RICE | 2018-05-16 | [Foodgrain production at record 279.5 million tonnes in 2017-18](https://feedsoft.ai/events/65004-foodgrain-production-at-record-279-5-million-tonnes-in-2017-18.md) | -1.2% | -3.2% |
| RICE | 2017-02-15 | [Govt sees record foodgrain output at 271.98 mt](https://feedsoft.ai/events/72445-govt-sees-record-foodgrain-output-at-271-98-mt.md) | +0.3% | +2.5% |
| RICE | 2020-02-18 | [Foodgrain production set to touch a record high - The Hindu](https://feedsoft.ai/events/54544-foodgrain-production-set-to-touch-a-record-high-the-hindu.md) | +0.3% | +2.1% |
| RICE | 2021-04-30 | [Government banks on ‘normal’ monsoon, targets record foodgrain output](https://feedsoft.ai/events/47567-government-banks-on-normal-monsoon-targets-record-foodgrain-output.md) | +4.0% | -1.0% |
| WHEAT | 2017-02-15 | [Govt sees record foodgrain output at 271.98 mt](https://feedsoft.ai/events/72445-govt-sees-record-foodgrain-output-at-271-98-mt.md) | -0.9% | -1.1% |
| WHEAT | 2020-02-18 | [Foodgrain production set to touch a record high - The Hindu](https://feedsoft.ai/events/54544-foodgrain-production-set-to-touch-a-record-high-the-hindu.md) | -0.9% | -0.1% |
| WHEAT | 2017-02-14 | [Australia's winter grain crop officially a record at 59 million tonnes - ABC News](https://feedsoft.ai/events/72461-australia-s-winter-grain-crop-officially-a-record-at-59-million-tonnes-abc-news.md) | -0.8% | -1.2% |

## Sources

- thehindu.com: https://www.thehindu.com/news/national/record-foodgrain-target-of-2983-million-tonnes-set/article31354255.ece

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