Business Standard
Thursday, May 31, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Pawar confident of better production despite monsoon hiccups
Press Trust of India / New Delhi Jul 16, 2010, 14:56 IST

Agriculture Minister Sharad Pawar today expressed confidence that India's foodgrain production would be better than last year despite scanty rain in Uttar Pradesh and flooding in parts of Punjab and Haryana.

"It is true that in parts of Uttar Pradesh, Jharkhand and in some parts of Bihar, there has been insufficient rain. It is also true that because of heavy rain in Punjab and Haryana, there are some damages. However, we will have more production than last year," Pawar said here. 

India had produced 234.47 million tonnes of foodgrains in 2008-09 and last week, the Agriculture Minister, enthused by better prospect of rain, had said that the country would have "bumper produce" this year. 

"The latest sowing report shows that compared to last year, the area coverage is more for rice, oilseeds, pulses, cotton, sugarcane and jute," Pawar said, adding the prospect of monsoon is "quite encouraging" as of today. 

The monsoon, however, has started playing truant since the past one week, raising some concerns about lower production.

"Definitely, there is a gap, but there will be continuity (of rainfall) after the gap. I am not worried as this happens sometimes. A year before also there was some gap but we could produce substantially without any problem," he said.

The met department has predicted that rainfall would be 98 per cent in July and 102 per cent in August, he said.

Pawar said that though there are "some damages" because of rain in Punjab and Haryana, the farmers and the government of the two states exuded confidence that the production, particularly rice, would not be affected.

"There could be some damages, but they are hopeful of meeting the gap," he said. Punjab and Haryana contribute maximum foodgrains to the Central pool.

The Minister, however, expressed concerns about storage capacity, and said that the government is seriously pursuing state and private participation in the construction of godowns. Currently, the government's storage capacity is 41 million tonnes against the stock of 60 million tonnes.

"If the assessment (sowing) is correct and the next year production is higher, then storage will be a serious problem. That's why, we are aggressively going with the help of the state governments to construct warehouses in different parts of the country," Pawar said.

Pawar said that his Ministry will assess the space crunch in a week's time and if required, might seek more concession from the Finance Ministry for parties interested in constructing warehouses.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets near day lows as Q4 GDP disappoints
- Normal life in Assam affected due to bandh
- Bandh hits normal life in Odisha
- Mixed response to bandh against petrol price hike
- GDP data highlights the weakening economy: experts
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NDA-led bandh turns violent in Bangalore
- Investors wary as Flipkart shows growth pangs
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Wealthy clients turned tables on UBS and staff?
- Coal blocks for infrastructure projects get GoM nod
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us