# Foodgrains at all-time high, pressure on procurement

> India's foodgrain production is estimated at an all-time high of 291.95 million tonnes for 2019-20, with a record wheat crop of 106.21 million tonnes. The government faces procurement and fiscal pressure from already high stocks.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/54546-foodgrains-at-all-time-high-pressure-on-procurement
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Bumper Indian output and large state stocks point to ample supply and limited import demand. Procurement pressure could lead to more government export or disposal decisions later.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-01-28 | [Record foodgrain production, procurement in 2018-19: Paswan](https://feedsoft.ai/events/61067-record-foodgrain-production-procurement-in-2018-19-paswan.md) | +0.1% | -2.8% |
| 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 | 2024-11-28 | [Wheat markets fall: Harvest pressure from Argentina and](https://feedsoft.ai/events/11778-wheat-markets-fall-harvest-pressure-from-argentina-and.md) | +0.2% | +2.4% |
| WHEAT | 2020-08-07 | [High wheat production ensures Australia’s grain security in COVID era - Grain Central](https://feedsoft.ai/events/51552-high-wheat-production-ensures-australia-s-grain-security-in-covid-era-grain.md) | -1.3% | -0.1% |
| WHEAT | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | -4.4% | +1.1% |
| RICE | 2019-01-28 | [Record foodgrain production, procurement in 2018-19: Paswan](https://feedsoft.ai/events/61067-record-foodgrain-production-procurement-in-2018-19-paswan.md) | -0.2% | -5.3% |
| RICE | 2019-03-01 | [Foodgrains production may fall 1%: Agri Min](https://feedsoft.ai/events/60051-foodgrains-production-may-fall-1-agri-min.md) | +1.4% | +4.9% |
| 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% |

## Sources

- indianexpress.com: https://indianexpress.com/article/business/commodities/foodgrains-at-all-time-high-pressure-on-procurement-6274944/

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