Page 4 - Kharif Season

Agriculture, allied activities clock a buoyant 4.6% growth in 2nd quarter

Gross value added (GVA) for agriculture, forestry and fishing during the comparable period of last year was 3.2 per cent

Rs 14,000 crore to be infused via paddy procurement in Uttar Pradesh

An estimated Rs 14,000 crore is expected to be injected into the rural economy of Uttar Pradesh through the procurement of paddy in the current 2022-23 kharif marketing season

Govt's paddy procurement increases by 12% at 17.05 mn tonnes till Oct

The government's paddy procurement for the central pool rose 12 per cent to 170.53 lakh tonnes till October of the ongoing 2022-23 kharif marketing season, according to the food ministry data. Higher quantities of paddy were purchased from Punjab, Haryana and Tamil Nadu. Normally, paddy procurement begins immediately after the withdrawal of the Southwest monsoon from October onwards. However in southern states, especially in Kerala and Tamil Nadu, it begins from September. The government aims to procure 771.25 lakh tonnes of paddy in the 2022-23 kharif marketing season (October-September). The actual procurement stood at record 759.32 lakh tonnes in the previous kharif marketing season. According to the official data, the overall paddy buying has increased to 170.53 lakh tonnes till October 31 of the 2022-23 kharif marketing season from 152.57 lakh tonnes in the year-ago period. Out of the total, about 107.24 lakh tonnes of paddy has been purchased from Punjab till October-end ...

11 mt paddy purchase is Chattisgarh govt's target for this kharif season

The state-run Chhattisgarh Marketing Federation (MarkFed) is the nodal agency for procurement. The volume of paddy has increased by over 12 per cent from last year's 9.79 million tonnes.

Poor rainfall in Gangetic plains may spike food inflation in near-term

The deficient rain in the Northern plains, especially in the Gangetic region, is likely to increase food inflation in the near term as overall paddy production will be hit in these areas due to poor monsoon, according to a report. Major agricultural states, such as Bihar, Jharkhand and Uttar Pradesh, have had poor rains during the just concluded season, which may lead to an increase in the prices of rice due to lower paddy products in the near term. The share of these states in overall rice sowing in the Kharif season (as of September 23) has declined to 24.1 per cent from 26 per cent in the previous year, according to an assessment by India Ratings. This is despite the fact that the 2022 monsoon has been above normal but has not spread adequately across the regions. As of September 30, the rainfalls fared well at 92.5cm, which is 6 per cent above the long period average (LPA) of 86.86 cm. At the disaggregate level, while 12 states/Union territories had excess rainfall (deviation f

Chhattisgarh gets approval for pulses procurement at MSPs in kharif season

The Bhupesh Baghel government had announced in July procuring arhar, urad, and moong at MSPs. Farmers will get Rs 6,600 per quintal for moong and urad, and Rs 7,755 per quintal for arhar.

Last date for export of broken rice in transit extended till October 15

The government has again extended the last date for export of broken rice in transit by 15 days till October 15. It banned export of broken rice on September 8 but allowed shipments of certain consignments during September 9-15. On September 20, the date was extended till September 30. "Export of consignments of broken rice...as permissible under notification dated September 8 has beenextended till October 15, 2022," the Directorate General of Foreign Trade said in a notification.

Rice production likely to drop 6.7 mn tonnes this kharif, lowest in 2 yrs

This will be the lowest output in two years, according to first estimate

Lower Kharif sowing calls for deft management of foodgrain: FinMin report

A Finance Ministry report on Saturday underlined the need for deft management of stocks of agriculture commodities in view of lower crop-sowing for the Kharif Season, stressing there should be no room for complacency on the inflation front. Overall, inflationary pressures in India appear to be on a decline with a pre-emptive set of administrative measures by the government, agile monetary policy and easing of international commodity prices and supply-chain bottlenecks, according to the monthly Economic Review released by the Finance Ministry. However, it said, there is no "room for complacency on the inflation front as lower crop-sowing for the Kharif season calls for deft management of stocks of agricultural commodities and market prices without unduly jeopardising farm exports." India's rice production could fall by 10-12 million tonnes during the Kharif season this year due to a fall in paddy sowing area, Food Secretary Sudhanshu Pandey had said earlier this month. The Kharif ..

Rice prices soften in domestic markets after ban; exports may shrink by 25%

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year

Retail inflation rises to 7% in Aug as food prices surge; IIP growth slows

FinMin blames adverse base effect, increase in food and fuel prices

Best of BS Opinion: Unnecessary restrictions, lending transparency & more

Here is the best of Business Standard's opinion pieces for Monday

Kharif acreage nears last year's level, except for paddy and pulses

The Centre has clamped export curbs on several paddy varieties as it feels that total production might drop by 10-12 million tonnes due to delayed sowing.

Rice production may fall by 10-12 mn tonne in Kharif season: Food Secretary

India's rice production could fall by 10-12 million tonnes during the Kharif season of this year, due to a fall in paddy sowing area, the government said on Friday. However, Food Secretary Sudhanshu Pandey asserted that the country will have surplus production in rice. He pointed out that the paddy acreage is lower by 38 lakh hectare so far this kharif season, because of less rains in many states. The Kharif season contributes about 80 per cent of India's total rice production. "Loss of production of rice may be 10 million tonnes and in the worst case it can be 12 million tonnes this year," he told reporters here. However, the secretary said that this is an initial estimate based on drop in acreage and average yield. Pandey said the fall in production could be less as yield might improve in states where rains have been good. Total production of Rice during the 2021-22 crop year (July-June) is estimated at a record 130.29 million tonnes. It is higher by 13.85 million tonnes than

Paddy sown in just around 50% of normal area in Jharkhand till Sep 2

Most parts of India were likely to get normal to above normal rainfall in September, says IMD

Paddy sowing over in 97% normal area till Sept 2, cloud over final output

For all the kharif crops, the acreage, as on September 2, was around 106.92 mha - just 1.27% lower than last year

Paddy acreage deficit goes down from 15% to 6% in a span of 14 days

The saving grace is that unlike wheat, rice stocks in the central pool are much higher than required

After wheat, retail price of rice rises 6.31% on supply concerns: Govt data

After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs 37.7 per kg compared to the year-ago period, according to an official data. The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, according to the data maintained by the Consumer Affairs Ministry. The average retail price of wheat flour (atta) has increased by over 17 per cent to Rs 35.17 per kg as against Rs 30.04 per kg in the year-ago period, the data showed. The rising trend in the retail price of rice is due to reports of likely drop in the country's production in view of 8.25 per cent lag in paddy sowing till last week in the ongoing kharif (summer) season. Considering the current lag in the paddy coverage, experts said the country's total rice production is likely to be lower than the set target of 112 million to

Punjab expects low cotton production at 800,000 bales this season

Punjab is expecting a cotton output of around 8 lakh bales in the current Kharif season due to lower acreage and damage to the crop due to rains. The cotton output had dropped sharply to 6.45 lakh bales in the last 2021-22 season due to the pink bollworm insect attack against more than 10 lakh bales in the previous year. The current season production would be nearly 35 per cent lower than that in 2018-19. Lesser area under cotton along with damage to the crop by rains and whitefly pest attack are being seen as the main reasons behind the expected decline in the overall yield. Punjab could bring only 2.48 lakh hectares under cotton crop as against the target of 4 lakh hectares in cotton-growing areas of Bathinda, Muktsar, Mansa, Fazilka, Sangrur, Moga and Faridkot in the Kharif sowing season. During the time of sowing which is mid of April till May, farmers in several cotton-growing areas could not get sufficient canal water for sowing of the crop as there was a breach in the Sirhi

Cereal inflation likely to offset disinflationary forces, say experts

There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India