Business Standard
Thursday, Feb 16, 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
 

Production of most crops to be near normal
Surinder Sud / Sep 10, 2009, 00:57 IST

The belated surge in the monsoon in September, when it should normally be packing up, has lessened the worries about big drop in kharif harvest. Besides, it has generated optimism about good and timely rabi sowing which can help partly offset the likely drop in kharif production.

The latest crop outlook for the current kharif is that the production of most crops, barring paddy and groundnut, may be near normal. In fact, the output of cotton and some pulses like tur (arhar or pigeon pea) may even exceed the last year’s level to touch new peaks thanks to higher plantings and extended monsoon season. But rice and groundnut harvest is slated drop.
 

GOOD TIMES
Cumulative rainfall till September 2, 2009 (in mm)
Region Actual Normal % Chg
North-west 312.80 509.30 -39
Central India 686.20 822.70 -17
South peninsula 511.40 572.30 -11
North-east 863.00 1164.60 -26
All-India 565.30 731.70 -23
Source: IMD

According to the latest reckoning of the India Meteorological Department (IMD), the deficit in the monsoon rainfall has shrunk to 20 per cent by September 7 from 23 per cent on September 2 and 25 per cent a week earlier.

What is even more significant is that the IMD expects this deficiency to diminish further in the remaining part of this month to end the 2009 monsoon season with an overall rainfall paucity of between 15 and 18 per cent.

This will be close to the IMD’s revised monsoon forecast, issued on August 11, which had put the likely rainfall during the entire four-month season (June to September) to be 13 per cent (plus or minus 4 per cent) short of normal.

If this happens, the concern over poor refilling of water reservoirs may also ebb. However, as of now, the situation is unsatisfactory. The total water storage in the country’s major 81 reservoirs monitored by the Central Water Commission (CWC) was 68.82 billion cubic metres (BCM) on September 3, which is good 28.58 BCM, or 29.3 per cent below the last year’s corresponding level. It is also about 22.48 BCM, or 24.6 per cent below normal level (10 years’ average).

Unless, the water stock improves perceptibly, in the next couple of weeks the concern will continue over the availability of water for hydel power production as well as for irrigating the crops in the ensuing rabi season.

The latest information on crop sowing collected by the weather-watch group of the agriculture ministry indicate that the total area brought under kharif crop by the end of August was nearly 87 million hectares which is merely 8 per cent less than last year.

The major shortfall in area is in paddy (down by 6.36 million hectares, or 17.3 per cent) and groundnut (down by nearly 1 million hectares, or 18 per cent). Though the paddy area numbers may improve somewhat as more information about the late sowing pours in, the groundnut numbers are unlikely to change much.

The shortfall in paddy plantings has been mainly in Uttar Pradesh, Bihar, Jharkhand, Andhra Pradesh and West Bengal. Some of the paddy area has gone to pulses and cotton because of poor rains and expectations of better returns.

The groundnut acreage, on the other hand, dropped in Andhra Pradesh and Gujarat because of lack of rains during the main sowing period. The growers also do not anticipate good returns from this oilseed because the prices are expected to remain stable due to continued high edible oil imports.

However, soybean acreage is marginally larger than last year and crop condition is reported to be excellent.

The good rains in the main soybean belt of Madhya Pradesh have brightened the prospects of a good soy harvest.

The area under pulses, whose prices have spurted to unprecedented highs in recent months, has expanded by about 3.75 lakh hectares, or 4.2 per cent, to 9.30 million hectares, against 8.93 million hectares last year. The main gains have been in tur (up about 1 lakh hectares) and mung (up 2 lakh hectares).

The leaning of the farmers towards cotton cultivation has emerged quite distinctly this year. The acreage under this crop was estimated at 9.62 million hectares, up 1.13 million hectares, or 13 per cent, from last season’s 8.48 million tonnes.

Analysts feel that this increase could be due to anticipation of high prices despite no increase in the minimum support price. The country’s cotton exports are projected to rise as the demand for this natural fibre has begun to pick up again in the international market but the supplies continue to be constrained.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- Kingfisher Q3 loss widens by 75%, costs mount
- Citigroup pays $158 mn in US mortgage fraud pact
- Olympus ex-president, others arrested: media
- Alibaba may take Hong Kong-listed unit private for $2.3 bn
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Leela parts ways with Kempinski
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us