Farm fires are likely to exacerbate this year
A sharp drop in returns could exacerbate farmers' woes and fuel the ongoing protest; rabi crops currently being harvested are grown mostly in the Northern parts of the country, the hotbed of the stir
While rabi season drives hopes of a strong Q3, analysts are hopeful of strong growth over the next two years
Sustained tractor demand, market share recovery and pick up in exports key tailwinds
Agriculture is the only sector expected to clock a positive growth in 2020-21 as per the estimates released by MoSPI
The area under the coverage for paddy is down marginally to 14.83 lakh hectare so far this rabi (winter-sown) season from 15.47 lakh hectare in the corresponding period previous year
According to rating agency CRISIL, kharif harvest was delayed last year, so acreage growth under rabi was on a low base till November 2019.
Some traders are demanding a reduction to 35-40 per cent to tide over any shortage of the commodity as the new crop will start hitting the market only around mid-February
In Haryana, demand has reached 8.5 Gw versus 9.4 Gw last year
Data from the agriculture ministry shows that among the main rabi crops, wheat acreage touched a record 33.02 million ha as on January 16, 2020
Sowing of rabi crops begins in October and harvesting kicks off from March
The area sown to wheat crop is higher than 25 million hectare covered in the year-ago period
Reduced dependence on irrigation due to high soil moisture content could bring down production cost and boost margins
So far, as against a total of 850,000 hectares of total rabi sowing last year, the same has been at 450,100 hectares till November 12, as per the data available
Acreage is about 18% more as compared to last year's 1.55 million hectares
This is the time when farm labour is engaged in the fields which result in a dip in demand for work under MNREGA
This should significantly cool down food inflation in the coming days