Business Standard

Kharif sowing choice between cotton, castor and guar seed

Related News

As the monsoon nears and farmers prepare to start sowing for the kharif season, there is a choice they must make between cotton, and seed.

Last year, guar seed gave 40 per cent returns, while castor gave 45 per cent. prices are now Rs 45,000 a candy (356 kg) but had surged to Rs 63,000 per candy on the spot markets in February, a big temptation when deciding what to sow.

In 2010, guar seed was sown on just under three million hectares in Rajasthan and production was 1.546 million tonnes. Guar seed is a seriously considered option in that state (70 per cent of the country’s production comes from here), since it requires low rainfall, unlike cotton.

“Guar seed acreage in Rajasthan may go up by 20 to 25 per cent if rainfall is good, but if it is scarce, then acreage may go up by 50 per cent. Guar gum exports are very high this year and this will cause farmers to increase their acreage under the commodity,” said Brij Mohan, a Jodhupur-based guar seed and guar gum trader.

While guar seed farmers mostly stay with the same crop, farmers in Ganganagar might opt for cotton, traders believe. Guar gum prices are tempting farmers because these have almost doubled in a year. The seed is now traded at Rs 3,221 per 100 kg on the spot markets; it was Rs 2,280 a kg last June.

Yet, says Biren Vakil, director, Paradigm Commodities, “Despite higher exports of guar gum and the price rise in guar seed, acreage under the commodity will fall, as cotton and castor seed have given better returns.”

Castor seed went as high as Rs 6,145 per 100 kg in February on the spot markets but has now moderated to Rs 4,600 per 100 kg.

Read more on:   
|
|
|
|
|
|

Kharif sowing choice between cotton, castor and guar seed

As the monsoon nears and farmers prepare to start sowing for the kharif season, there is a choice they must make between cotton, guar seed and castor seed.

As the monsoon nears and farmers prepare to start sowing for the kharif season, there is a choice they must make between cotton, and seed.

Last year, guar seed gave 40 per cent returns, while castor gave 45 per cent. prices are now Rs 45,000 a candy (356 kg) but had surged to Rs 63,000 per candy on the spot markets in February, a big temptation when deciding what to sow.

In 2010, guar seed was sown on just under three million hectares in Rajasthan and production was 1.546 million tonnes. Guar seed is a seriously considered option in that state (70 per cent of the country’s production comes from here), since it requires low rainfall, unlike cotton.

“Guar seed acreage in Rajasthan may go up by 20 to 25 per cent if rainfall is good, but if it is scarce, then acreage may go up by 50 per cent. Guar gum exports are very high this year and this will cause farmers to increase their acreage under the commodity,” said Brij Mohan, a Jodhupur-based guar seed and guar gum trader.

While guar seed farmers mostly stay with the same crop, farmers in Ganganagar might opt for cotton, traders believe. Guar gum prices are tempting farmers because these have almost doubled in a year. The seed is now traded at Rs 3,221 per 100 kg on the spot markets; it was Rs 2,280 a kg last June.

Yet, says Biren Vakil, director, Paradigm Commodities, “Despite higher exports of guar gum and the price rise in guar seed, acreage under the commodity will fall, as cotton and castor seed have given better returns.”

Castor seed went as high as Rs 6,145 per 100 kg in February on the spot markets but has now moderated to Rs 4,600 per 100 kg.

image

Read More

Turmeric extends gains on pick up in demand

Turmeric futures for April added Rs 28, or 0.44% to Rs 6,336 per quintal in 27,780 lots

Recommended for you

Advertisements

Quick Links

Market News

Sensex falls over 200 points, Nifty below 8,400

At 12:53PM, the Sensex was at 27,736, weaker by 221 points and the Nifty was at 8,398, down 60 points

Castorseed up 1.6% on strong domestic demand

Commodity for delivery in June was trading higher by 1.5%

Crude palm oil falls by 0.4% on subdued demand

Speculators offloaded positions amid subdued demand in the physical market against adequate stocks

Mentha oil down 0.7% on higher supply

Oil for delivery in June contract down 0.55%

Cardamom up by 1.3% on higher demand

Speculators went about creating fresh positions after demand picked up in the spot market

 

Back to Top