Farm-produce losses at 92k cr, thrice agri budget

Harvest and post-harvest loss of India’s major agricultural produce is estimated at Rs 92,651 crore ($13 billion), according to data published by the ministry of food processing industries. The loss is almost three times as high as the new budget for the agriculture sector, which has seen an increase of 44 per cent from Rs 24,909 crore in 2015-16 to Rs 35,984 crore in 2016-17. About 16 per cent of fruits of vegetables, valued at Rs 40,811 crore, were lost,according to an analysis of production data between 2012 and 2014, at wholesale prices, by the Central Institute of Post-Harvest Engineering and Technology, Ludhiana (Punjab).

An earlier government study from 2015 estimated that five per cent to 12 per cent of vegetables were lost. Almost 7,000 cold stores were created under four central programmes between 2007 and 2014 to curb supply chain losses. These projects cost Rs 2,395 crore. An additional 609 projects have been sanctioned and subsidy of Rs 660 crore provided between 2014 and 2016.

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