The government in its second advance estimate has projected wheat production at a record 112.01 million tonnes for the 2023-24 crop year (July-June). The wheat output is estimated to be 1.46 million tonnes higher than the previous record high of 110.55 million tonnes achieved in the 2022-23 crop year. Wheat, the main rabi (winter) crop, is ready for harvest and procurement is set to begin from next month onwards in some states.
The government has set a conservative procurement target in the range of 30-32 million tonnes for the 2024-25 rabi marketing season (March-April), as against the actual procurement of 26.2 million tonnes in the previous year. The Kharif foodgrain production is estimated at 154.19 million tonnes, and Rabi foodgrain production is estimated at 155.17 million tonnes.
Kharif rice output is estimated at 111.46 million tonnes. For the rabi season, the estimate is 12.36 million tonnes. The estimate for tur is 3.34 million tonnes, slightly more than last year's production of 3.31 million tonnes. Gram projection is estimated at 12.16 million tonnes, which is marginally lower than the previous year. Production of soybean is projected at 12.56 million tonnes, while production of rapeseed and mustard is estimated at 12.70 million tonnes. The advance estimate projects cotton output to be 32.31 million bales (of 170 Kg each) and sugarcane production to be 446.43 million tonnes.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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