# Farm sector projected to grow at 4% in 2016-17 - The HinduBusinessLine

> India's Economic Survey projects farm sector growth of 4.1 percent for 2016-17, up from 1.2 percent, helped by a near-normal monsoon after two drought years. Rabi sown area is up 6 percent year on year. Demonetisation weighed on the cash-intensive farm sector.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/72969-farm-sector-projected-to-grow-at-4-in-2016-17-the-hindubusinessline
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger Indian crops reduce import pressure on coarse grains and oilseeds, mildly bearish for global feed grain demand from India.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-24 | [USDA projections show U.S. corn use is expected to grow through 2026](https://feedsoft.ai/events/72532-usda-projections-show-u-s-corn-use-is-expected-to-grow-through-2026.md) | +1.5% | -1.7% |
| CORN | 2022-09-01 | [USDA: Farm Sector Profits Forecast to Remain Above Average in 2022 - Pro Farmer](https://feedsoft.ai/events/39590-usda-farm-sector-profits-forecast-to-remain-above-average-in-2022-pro-farmer.md) | -1.8% | -2.9% |
| CORN | 2025-03-18 | [China's pig production expected to grow marginally in 2025](https://feedsoft.ai/events/25575-china-s-pig-production-expected-to-grow-marginally-in-2025.md) | -1.9% | +2.0% |
| CORN | 2025-01-13 | [US chicken sector strong going into 2025 - Food & Agribusiness](https://feedsoft.ai/events/26646-us-chicken-sector-strong-going-into-2025-food-and-agribusiness.md) | +1.7% | +1.8% |
| CORN | 2019-04-08 | [Iowa’s 2018 yields beat the odds \| Farm Progress](https://feedsoft.ai/events/59442-iowa-s-2018-yields-beat-the-odds-farm-progress.md) | -1.1% | -2.2% |
| WHEAT | 2019-08-11 | [Wheat prices to remain range-bound - The HinduBusinessLine](https://feedsoft.ai/events/57542-wheat-prices-to-remain-range-bound-the-hindubusinessline.md) | -0.1% | -2.9% |
| WHEAT | 2025-01-18 | [Global wheat prices seen under pressure on record output - The HinduBusinessLine](https://feedsoft.ai/events/26545-global-wheat-prices-seen-under-pressure-on-record-output-the-hindubusinessline.md) | -0.0% | +4.0% |
| WHEAT | 2019-03-04 | [Farm production expected to fall due to drought \| The National Tribune](https://feedsoft.ai/events/60045-farm-production-expected-to-fall-due-to-drought-the-national-tribune.md) | +0.7% | +5.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/budget/farm-growth-rebounds-41-on-good-monsoon/article64301149.ece

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