The Indian Economic Survey has pegged the country's agriculture sector growth at 5.4 per cent this fiscal, as against 0.4 per cent in the previous year.
The Survey also called for a "Second Green Revolution with technological breakthrough in the agriculture sector" to boost farm output and ensure the food security of the country.
India's overall grain output in the 2010-11 crop year is expected to a grow 6 per cent at 232.07 MT with rice output to touch 94.01 MT from 89.09 MT, wheat to set fresh record of 81.47 MT against 80.8 MT,among non-food crops, oil seeds production to rise to 2 7.84 MT against 24.88 MT and cotton to touch a record 33.9 million bales, against 24.2 million bales. Sugarcane output is also expected to increase to 336.69 MT against 2 92.3 MT the estimate showed.
In China the story is similar where the estimate shows the grain output will increase over 2.5 billion kg more than the output in 2010, reaching about 549 billion kg and cotton 6.5 MT. But these estimates will be achieved only if there is no adverse climatic conditions and natural disaster.
In spite of the good growth in farm sector in many countries, prices of food commodities have touched all time high in the past few months. FAO also pressed the danger alarm button to warn the globe about the production and supply gap that may lead to greater hunger and poverty. The world can face the challenge only if the governments in the developing economy take greater responsibility in helping the farming community to achieve maximum output of crop yield through technology, pesticides, fertilizers, seeds, irrigation facilities and above all financial support and proper education on agricultural practices. Practical regulatory requirements for registration of agrochemical is still a thing far away it looks.
Agrochemical companies for their part should follow ethics in fixing the prices and maintaining proper quality parameters rather than aiming just profits. (MT-million tones).