Prospects for demand and supply of agricultural commodities towards 2030
Hindustan TimesDemand and supply projections are crucial for formulating farsighted agricultural and food policies to sustain food production, ensure food security and for the efficient functioning of food systems while controlling for external factors such as changing consumption basket, taste, and preferences, changing population growth and income growth. Against this backdrop, the present study estimates demand and supply projection of major agricultural commodities such as cereals, pulses, milk, meat, sugar, fruits, and vegetables up to 2030-31 under alternative per capita income growth scenarios. A review of earlier studies reveals that, for assessing the demand projection, most studies used per capita consumption of agricultural commodities from the latest National Sample Survey Organisation’s consumption expenditure survey round. Notably, advisory services and timely information through agricultural extension services can incentivise farmers to shift towards sustainable agricultural practices as well as ensure the balance between demand and supply of food.
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