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Agri prices to rise by 10-12% in 2019 on lower kharif crop output estimates

Crisil Research forecast kharif crop output to decline 3-5% on uneven distribution of rainfalls

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Dilip Kumar JhaAbhishek Waghmare Mumbai
The research wing of ratings agency CRISIL thinks prices of agricultural commodities are likely to rise by 10-12 per cent this year, on lower output estimates following crop damage due to excess rain in some areas and deficiencies elsewhere.

While sugar prices are likely see an uptick on lower output and diversion of cane for biofuel production, other commodities -- soybean, jute, paddy -- are likely to remain firm.

A proportionate jump in food inflation is thought unlikely, due to subdued global prices and abundant buffer stock for state intervention in case of a price rise. India’s food inflation has
Topics : Agriculture

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First Published: Aug 29 2019 | 11:58 PM IST

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