# Govt revises grain output to record high of 275.68 million tonnes in FY17 | Economy & Policy News - Business Standard

> India's government raised its 2016-17 foodgrain output estimate by 2.3 million tonnes to a record 275.68 million tonnes. Record rice at 110.15 million tonnes and wheat at 98.38 million tonnes drove the upgrade, while farm prices of pulses and oilseeds fell sharply.

- Date: 2017-08-16 · published 2017-08-16T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/69413-govt-revises-grain-output-to-record-high-of-275-68-million-tonnes-in-fy17
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record Indian rice and wheat output adds to exportable and domestic supply, adding to bearish pressure on world rice and wheat prices, though a bumper crop may also cut Indian import demand.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-02-27 | [India to produce 277.5 mt of food grains in FY18 against target of 274.5 mt \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/66447-india-to-produce-277-5-mt-of-food-grains-in-fy18-against-target-of-274-5-mt.md) | +3.4% | +4.8% |
| 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 | 2018-09-26 | [Kharif food-grain output to be record high, show initial government estimates - The Economic Times](https://feedsoft.ai/events/12059-kharif-food-grain-output-to-be-record-high-show-initial-government-estimates.md) | +3.9% | +9.6% |
| 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 | 2021-05-25 | [India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21: Govt](https://feedsoft.ai/events/47051-india-s-foodgrain-output-to-rise-2-66-to-record-305-43-mt-in-2020-21-govt.md) | +1.0% | +0.0% |
| WHEAT | 2021-05-25 | [India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21: Govt](https://feedsoft.ai/events/47051-india-s-foodgrain-output-to-rise-2-66-to-record-305-43-mt-in-2020-21-govt.md) | -2.5% | -3.2% |
| WHEAT | 2020-02-18 | [Govt pegs record wheat output at 106.21 million tons for 2019-20](https://feedsoft.ai/events/54549-govt-pegs-record-wheat-output-at-106-21-million-tons-for-2019-20.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

- business-standard.com: https://www.business-standard.com/article/economy-policy/govt-revises-grain-output-to-record-high-of-275-68-million-tonnes-in-fy17-117081601277_1.html

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