# Govt sees record foodgrain output at 271.98 mt

> India's agriculture ministry's second estimate puts 2016-17 foodgrain output at a record 271.98 million tonnes, with wheat at 96.64 million tonnes and rice at 108.86 million tonnes. Pulses output is also projected at a record 22.14 million tonnes.

- Date: 2017-02-15 · published 2017-02-15T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/72445-govt-sees-record-foodgrain-output-at-271-98-mt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Record Indian wheat and rice output reduces import needs and adds exportable supply, which is bearish for world wheat and rice prices.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-05-22 | [IGC sees record total grains output in 2023-24 \| World Grain](https://feedsoft.ai/events/35982-igc-sees-record-total-grains-output-in-2023-24-world-grain.md) | -0.4% | -4.6% |
| 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 | 2022-12-06 | [Australia's MY 2022-23 wheat output forecast at record 36.6 mil mt](https://feedsoft.ai/events/38214-australia-s-my-2022-23-wheat-output-forecast-at-record-36-6-mil-mt.md) | +9.9% | +9.2% |
| 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% |
| 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% |
| 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 | 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

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/govt-sees-record-foodgrain-output-at-27198-mt/article9545069.ece?homepage=true

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