India's foodgrain production likely to touch record 284.83 million tonnes

The ministry releases total five estimates of foodgrain production at different stages of crop growth

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India’s foodgrain production during the crop year that ended in June is expected to be a record 284.83 million tonnes (MT), almost 2 per cent more than the last estimate (in June) and 9.72 MT more than 

2016-17, fuelling hope that overall farm growth in 2017-18 could be higher than the current estimates of 3.4 per cent.

The rise, however, hasn’t been beneficial for growers because the price of several commodities, particularly pulses, slumped due to the bumper harvest.

“In hindsight, the price fall in pulses and other crops was