However, if monsoon progress in August and is geographically more even, Nomura believes Kharif sowing could still pick up going ahead, which in turn could keep food prices and inflation under check.
Agriculture commissioner A K Singh has said there is a slight deficit in paddy coverage in the ongoing kharif season mainly in eastern India, but it will be recovered with monsoon progressing fast. In the southern region, paddy has been planted in a significant area buoyed by good and well-distributed rainfall. In Punjab, Haryana and western Uttar Pradesh too, there is no cause of concern as of now as the sowing is normally undertaken much in advance with the help of tubewell irrigation, he said. The government has not released the latest data of paddy sowing, but the data available till July 17 showed all-India paddy coverage to be down by 17.4 per cent at 128.50 lakh hectare so far this kharif season as against 155.53 lakh hectare in the corresponding period of the previous year. The sowing of kharif crops begins with the onset of the southwest monsoon in June. Paddy is a major kharif crop. The India Meteorological Department (IMD) has projected a normal southwest monsoon this ...
Experts say a fall in paddy output could hugely impact cereal prices going forward as wheat stocks in central pool aren't enough to quell any surge in prices
The state produced 10.39 mt of foodgrain in the last kharif season
Official data showed that among major kharif crops, acreage of pulses was almost 7 per cent more than last year
RBI data showed that credit to industry grew 8.7 per cent in May
Industry sources estimate that drones could be used for spraying pesticides and other plant chemicals in around 30,000 acres this kharif season largely as pilot projects
The Congress on Thursday accused the government of betraying the country's farmers and said the minimum support prices (MSP) of Kharif crops announced for 2022-23 are meagre and below inflation rate
Biggest hikes were reserved for pulses, oilseeds
The actual pick-up in sowing will happen once the monsoon becomes active over Central and Western India
Set to sign long-term contracts with Morocco and Latin American countries to ensure steady flow
Market participants anticipate a shift from pulses to oilseeds and cotton in several areas
A normal monsoon will help raise agri output while higher food prices will help increase farm incomes, says the report
Stating that there is more stock for supply of fertilisers for this kharif season than the demand this year, the Centre asked the states to not create either a panic situation or spread misinformation
The government also said that it will soon announce the subsidy rate for non-urea soil nutrients for the current fiscal
The target is 3.8% higher compared to previous year's output
A quantity of 290.98 lakh tonnes of paddy has been procured in KMS 2021-22 till November 30
The government on Monday said that over 5.66 million metric tonnes of paddy has been procured in the Kharif Marketing Season 2021-22 up to October 17
As many as 20 states, including Punjab and Haryana, have captured and integrated key parameters for cross checking during paddy procurement in the ongoing kharif marketing season
Procurement alone will not address farm woes