Business Standard
Wednesday, Feb 15, 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
 

Rain delay may raise basmati acreage
Dilip Kumar Jha / Mumbai Jun 28, 2009, 00:52 IST

Deficient rain in June is likely to raise the area under basmati (rice) cultivation by 3-5 per cent as this rice variety is sown generally late.

According to trade sources, basmati is sown in about 4-5 per cent of the total area under rice cultivation. But this time, basmati acreage is likely to go up because of monsoon delay. However, this is unlikely to affect the output of non-basmati rice in the country as per the initial estimates.

On Wednesday, the meteorological department brought down the annual rainfall forecast to 93 per for this season, which is 3 per cent lower than the normal 97 per cent of the long-term average. As of June 19, India received just over 50 per cent of the usual rain, sounding alarm bells for over 60 per cent of paddy growers who are solely dependent on monsoon rain.

“The delay in rainfall might help divert rice acreage to basmati from non-basmati rice,” said Basmati Rice Farmers and Exporters Development Forum’s President Vinod Ahuja, who is also a senior agriculturist and farm expert.

The sowing of non-basmati rice is moving very slowly due to the deficient rainfall. It has been nearly 20 per cent lower so far this season as compared to the same period last year. As the monsoon is delayed by over a fortnight, farmers, especially in the North-East and central India, are awaiting a revival in the monsoon to commence paddy sowing.

Encouraged by the inclusion of the 1121 Pusa variety of rice in the basmati category, which got better prices and good demand for exports last year, farmers in Punjab and Haryana are willing to dedicate additional area to this variety. Last year, prices of this variety surged to Rs 3,500 per quintal from Rs 2,500 due to higher overseas demand.

“Even if rain starts in late June or early July, the rice output will be covered. Hence, we do not estimate any decline in total output this year. However, a further stretch of dry spell may cause lower output,” said Vijay Setia, president of All India Rice Exporters’ Association.

Further, the late sowing may reduce yield and stretch the crop maturing period. Therefore, farmers planning to sow the next crop, that is wheat, after harvesting the early paddy crop might be affected, he added.

The June onset of monsoon merely covers 5 per cent area, that too under non-basmati varieties. But the speed of sowing increases with the advancement of monsoon to cover the full area by July-end.

Basmati is generally sown during late July and early August. By that time, farmers have a clear picture of rain and they are able to take a decision about paddy sowing. Since, basmati is sown towards the end of the season, the leftover acreage, especially in basmati growing states—including Punjab, Haryana, and some parts of Uttar Pradesh—is covered under this variety.

A marginal three per cent reduction might not have much impact on the overall rice output of the country. But, further deficiency in July and any dry spell in August might lower yield and overall area under paddy cultivation, said V K Chaturvedi, managing director of BSE-listed Usher Agro, a paddy and wheat processing company.

During the kharif season 2008-09, total acreage under paddy cultivation slipped marginally to 43.20 million hectares (ha) from 43.77 million ha in the previous year, recording an output of 99.37 million tonnes compared to 96.69 million tonnes in the previous season.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher led by rate sensitives
- New rules to seize property of corrupt babus
- BSES gets Rs 5,000-cr IDBI Bank loan to pay dues
- Reliance MediaWorks Q3 net loss at Rs 151 cr
- Investor wealth grows by Rs 10 lakh cr in 2012 rally
  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?
- Financial Learning now made easier and more convenient.
- 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
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- 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
Posted by: Ajeetkumar
Dilip jee, it won't proper to say that crunch of rainfall and delay in rainfall may increase the growing prospects for basmati rice. This is true that basmati is sown in late July and early August but apart from this farmers have alternatives as so many varieties of non basmati rice have been developed that are generally used to be sown in late period and returns better production. A compared to Basmati cost of production of these varieties is lower. You must know that cost of production of basmati rice is much more than non-basmati rice. Along with productivity of basmati is also very low as compared to non-basmati. Another aspects should also be concerned that despite of sowing in late phase basmati needs higher rainfall than the non-basmati rice. Regards, Ajeet Kumar Research Analyst smc global securities private limited new Delhi mobile-9891334881 email-aboutajeet@gamil.com
    Posted by: Dilip
This is not what I say. Industry experts like Basmati Rice Farmers and Exporters Development Forum's president Vinod Ahuja, who himself is an agriculturist, has said that. The observation was supported by Vijay Setia, pesident of All India Rice Exporters' Association. Hence, I do not see any logic in questionning industry veterans' views. regards, dilip
Most Popular
Read
E-Mailed
Commented
   
- DoT objects to TCIL`s stake sale in Bharti Hexacom
- Overseas Manpower to send 350 jobseekers abroad
- Fixed cash policy: Not comprehensive enough
- Evan A Feigenbaum: Are multilateral groups missing the point?
- Karnataka rakes in Rs 270 cr royalty from iron ore e-auctions
 
 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