# Despite floods, government eyes record foodgrain output

> The Indian government says it hopes to reach a record 291 million tonne foodgrain target for 2019-20 despite floods that damaged some kharif crops. Officials expect rabi crop output to offset kharif losses.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/57551-despite-floods-government-eyes-record-foodgrain-output
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Official confidence in a record crop implies adequate Indian grain supply, which tends to keep import demand and global price support limited.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2019-07-16 | [Storage of Foodgrains](https://feedsoft.ai/events/58055-storage-of-foodgrains.md) | +0.3% | -2.7% |
| 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 | 2018-01-01 | [Grains and Oilseeds Outlook](https://feedsoft.ai/events/66848-grains-and-oilseeds-outlook.md) | -0.3% | +6.2% |
| WHEAT | 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) | -5.5% | -5.0% |
| 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/despite-floods-government-eyes-record-foodgrain-output/articleshow/70850420.cms

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