The Ministry of Agriculture and Farmers’ Welfare has released first advance estimates of production of Major Agricultural Crops (Kharif Only) for the year 2024-25. The total Kharif foodgrain production for 2024-25, as per the first advance estimates, is projected at 1647.05 Lakh Metric Tonnes (LMT) which is higher by 89.37 LMT as compared to previous year kharif foodgrain production and 124.59 LMT higher than average kharif foodgrain production. Foodgrain production witnessed record increase due to good production of Rice, Jowar and Maize.
The total production of Kharif Rice during 2024-25 is estimated to be 1199.34 LMT which is higher by 66.75 LMT than the previous year kharif rice production and 114.83 LMT higher than average kharif rice production. The Kharif Maize production is estimated at 245.41 LMT and Kharif Nutri/coarse cereals is estimated to be 378.18 LMT. Further, the total Kharif pulses production during 2024-25 is estimated to be 69.54 LMT.
The total Kharif oilseeds production in the country during 2024-25 is estimated to be 257.45 LMT which is higher by 15.83 LMT than the previous year total kharif oilseeds production. The Kharif Groundnut production for 2024-25 is estimated at 103.60 LMT and Soybean production is estimated at 133.60 LMT.
The production of Sugarcane in the country during 2024-25 is estimated to be 4399.30 lakh tonnes. The production of Cotton is estimated to be 299.26 lakh bales (of 170 kg each). The production of Jute and Mesta is estimated to be 84.56 lakh bales (of 180 kg each).
The Crop yields estimates are majorly based on trend/normal yield, coupled with other ground level inputs and expectations. This yield will undergo revision based on receipt of actual yield ascertained through conduct of Crop Cutting Experiments (CCEs) during the time of harvest, which in return would be reflected in the subsequent production estimates.
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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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