Extreme Weather and Farm Output: The Rising Tide of Food Inflation

Extreme weather, lower reservoir levels, and crop damage have significantly impacted farm output and food prices, as highlighted by the Economic Survey 2023-24. The report underscores how erratic weather conditions have adversely affected vegetable and pulse production, leading to increased food inflation. The Indian economy has shown resilience, but domestic efforts are crucial for sustained recovery.

Extreme weather, lower reservoir levels, and crop damage have dramatically affected farm output and led to soaring food prices over the past two years, according to the government's Economic Survey 2023-24 released on Monday. Unfavourable weather conditions particularly hit the production of vegetables and pulses.

The survey highlighted that food inflation, measured by the Consumer Food Price Index (CFPI), rose from 3.8% in FY22 to 6.6% in FY23, and further climbed to 7.5% in FY24. Global food inflation has been influenced by climate change events, including heat waves, uneven monsoon distribution, and unseasonal rainfall.

Specifically, tomato prices surged in July 2023 due to seasonal changes and crop diseases, while onion prices were impacted by poor quality and delays in sowing. The production of pulses also decreased due to adverse weather. Despite these challenges, the Indian economy has consolidated its post-Covid recovery, but the report stresses the need for significant domestic efforts for sustained growth amidst global challenges.

(With inputs from agencies.)