Removal of restrictions is expected to contribute towards economic stability. Exports were prohibited from 8 Dec 2023 due to an estimated 20% decline in Kharif and late Kharif production.
Union Food and Public Distribution Minister Piyush Goyal said total food grain production for the agricultural year 2022-23 is projected at 330.5 million tonnes.
High exports driven by demand from China led to shortage in country, where broken rice is used to make ethanol & as cattle feed. Lower & delayed planting likely to hit production too.
In 5 east UP districts, where rice is primary rain-fed crop, the overwhelming sentiment is despair. For most, planting has been delayed by over a month, which means a drop in yield.
Agriculture Minister Narendra Singh Tomar said the bumper crop is being achieved on account of 'tireless hard work of farmers and scientists besides farmer-friendly govt policies'.
India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
One such website has drawn particular scrutiny for spreading fake stories that have upset not only the Indian but also foreign defence firms by falsely attributing misinformation.
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