Kharif Food Production Will Fall, Say 2 Out Of 3 Projections

Crisil, Skymet estimate lower output; NCML sees a marginal rise

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There is no consensus in the projections for Kharif foodgrain production in 2019, with three major players in the agricultural space reading the impact of erratic rainfall in the current season differently.

While research agency Crisil and private met services provider Skymet Weather Services said on Thursday that food production may go down slightly as compared to last year, NCML, India’s largest post-harvest services firm, felt that it may rise slightly.

Crisil, which held a Webinar on Thursday on this year’s Kharif prospects, said that production would go down by 3-5 percent.

NCML’s projections, which focussed mainly on foodgrains, said that production may rise by a marginal 0.7 percent.