# Foodgrain production at record 279.5 million tonnes in 2017-18

> India's agriculture ministry estimated record foodgrain output of 279.5 million tonnes for 2017-18, up from 275.1 million a year earlier. Rice production rose to 111.5 million tonnes and wheat was roughly flat at 98.6 million tonnes. The ministry also targets a record harvest for the coming year.

- Date: 2018-05-16 · published 2018-05-16T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/65004-foodgrain-production-at-record-279-5-million-tonnes-in-2017-18
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A larger Indian rice crop adds to ample domestic and export supplies, which tends to weigh on world rice prices. Wheat supply is steady, so its impact there is limited.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-03-08 | [India’s foodgrain production grows 8.1% in 2016-17](https://feedsoft.ai/events/71973-india-s-foodgrain-production-grows-8-1-in-2016-17.md) | +3.0% | +8.6% |
| RICE | 2018-06-13 | [India’s food grain production to reach new record \| World-grain.com \| June 13, 2018 14:12 \| World Grain](https://feedsoft.ai/events/64486-india-s-food-grain-production-to-reach-new-record-world-grain-com-june-13-2018.md) | +2.4% | -1.0% |
| 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% |

## Sources

- livemint.com: https://www.livemint.com/Politics/NbsFqmIdmE7DYyKToRuWNJ/Foodgrain-production-at-record-2795-million-tonnes-in-2017.html

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