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Largest ever horticulture harvest predicted in India
Small and marginal farmers across India are likely to harvest the largest ever volume of horticulture crops, like fruits and vegetables, estimated at 287.3 million tonnes in 2016-17, according to the first advance estimate released by the agriculture ministry.
The record harvest is a little over a million tonnes higher than the year before (286.2 million tonnes) and 2016-17 will be the fifth straight year when horticulture production will outstrip that of foodgrains.
However, ample supplies, coupled with the cash crunch following demonetisation in November, led to vegetable prices falling sharply. Wholesale prices of vegetables fell by 17% (year on year) in November followed by an even steeper 33% in December.
The estimates released by the agriculture ministry shows that during 2016-17 production of fruits rose to 91.7 million tonnes from 90.2 million tonnes in 2015-16, while vegetable production fell marginally, from 169 million tonnes to 168.6 million tonnes during this period.