KHARIF SEASON
FCI wheat procurement hits 26.6 mn tn, surpassing last year's purchase
The government's robust procurement efforts, exceeding targets in wheat and paddy, have significantly bolstered food security. FCI's strong storage infrastructure ensures the maintenance of adequate food supplies, benefitting millions of farmers across the country.
This festive season, mission is possible: Companies to stockpile weapons of mass consumption
Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records.
The worrying changes in India’s monsoon patterns have implications for everything from agriculture to health
Take Maharashtra, 80% of which is rainfed. In areas such as Vidarbha and Marathwada, the onset of monsoon is now late. After a small pickup in July, there is a break in rainfall in August, lasting up to three-four weeks during the fruit formation phase. The wet spell starts again in September and continues well into October, when it should be dry. This isn't limited to Maharashtra. Several critical areas considered the breadbasket of India—Bihar, West Bengal and Uttar Pradesh—are witnessing the same pattern.
Excess rainfall, untimely sowing likely to hit some kharif crops
"This year, La Nina will develop in July. It is expected in a La Nina year to get more rainfall in the second half of the monsoon season," said M Rajeevan, former secretary, Ministry of Earth Sciences. "The rainfall in the month of September is good during La Nina and it usually gets extended for a few weeks in October."
Punjab govt prepares Rs 500-crore action plan to check stubble burning
An action plan with Rs 500 crore is in place to combat stubble burning. 21,511 applications for subsidies on crop residue management machinery have been received. Various machinery like super SMS and happy seeder are available on subsidy. 1,30,000 CRM machines were provided to farmers, and a training campaign will be launched.
Rain deficit may spike food inflation further, warn experts
A note from Madhavi Arora, lead economist at Emkay Global Financial Services Ltd, said cumulative rainfall till June 21 was 17% below the long-term average (LTA), while the weekly rainfall (till June 19) was 33% below the LTA. Overall, basin-wise reservoir levels were in deficit and below last year's level as well. On June 20, the overall level was about 9% below the LTA and 19% below last year's level.
Centre committed to procure pulses at MSP to boost production, cut imports: Agriculture Minister Shivraj Singh Chouhan
The Centre commits to procuring tur, urad, and masur at Minimum Support Prices (MSP) to boost domestic production and reduce imports. Agriculture Minister Shivraj Singh Chouhan highlights the launch of the e-Samridhi portal through cooperatives NAFED and NCCF for farmer registration.
Agri Minister asks states to encourage farmers to register on e-Samridhi portal to avail procurement benefits
Union Minister of Agriculture & Farmers’ Welfare, Shivraj Singh Chouhan, emphasized the government's commitment to procure major pulses like tur, urad, and masur at Minimum Support Prices (MSP). He urged state governments to promote farmer registration on the e-Samridhi portal for assured procurement. The portal, launched through NAFED, facilitates registration for farmers to avail MSP benefits.
July rains seen crucial as delayed monsoon worries farmers
Delayed monsoon raises concerns over kharif crop cultivation, with only 10% of soyabean area sown in Madhya Pradesh. Farmers in West Bengal and Uttar Pradesh await rains for paddy. Pulses traders are worried about tur and urad crops amid intense heatwave conditions with below-normal monsoon predicted by IMD. Good rains are needed by early July for crops to thrive. Government estimates show mixed output for tur and urad in kharif 2023.
Cabinet approves MSP for 14 kharif crops; here is the full list
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved Minimum Support Prices (MSPs) for 14 kharif crops on Wednesday. Ashwini Vaishnaw, Minister of Information and Broadcasting, highlighted the significance of these decisions for farmers' welfare as the kharif season approaches. Key increases include MSP for paddy by Rs 117 to Rs 2,300 per quintal, Nigerseed by Rs 983 per quintal,
Monsoon sets in over Kerala, northeast: IMD
Southwest monsoon advances into Kerala and Northeast India, one day early in Kerala and 6 days early in Northeast. Heavy rainfall in Kerala, beneficial for agriculture. Monsoon crucial for agriculture, providing 70% of India's yearly rain and supporting GDP and population.
Wheat procurement crosses last year's figure, comfortable to meet demand: Food ministry
Wheat procurement for the 2024-25 Rabi marketing season progresses smoothly, surpassing last year's total with 262.48 lakh tonnes acquired, benefiting 22.31 lakh farmers. Major states contributing include Punjab, Haryana, and Madhya Pradesh. Rice procurement from the previous Kharif season also proceeds well, ensuring ample stock for welfare programs. Monsoon forecasts remain pivotal for agricultural planning.
Above-normal Southwest monsoon chances bring hope for India's agricultural sector: Geojit report
Multiple meteorological organisations are predicting above-normal rainfall during this year's southwest monsoon season in the Indian subcontinent. The India Meteorological Department (IMD) forecasts the total rainfall from June to September to be 106% of the long-period average. Last year's southwest monsoon ended with a 6% deficit due to El Nino, causing variations in rainfall distribution. Some regions experienced shortages while others, like West Rajasthan and Saurashtra-Kutch, received ample rainfall. However, 7 subdivisions, including Nagaland, Manipur, Mizoram, and Tripura, experienced deficient rainfall.
Food prices to ease post-June as above normal monsoon predicted in India
The Indian government anticipates a decrease in food prices following forecasts of above-normal monsoon rains by the India Meteorological Department (IMD), as stated in the finance ministry's recent monthly economic review. The report highlights expectations of increased crop production due to favorable rainfall.
Area under kharif pulses may go up by 15% driven by higher prices
India's pulse acreage is expected to increase in the kharif season due to record high prices and forecasted above-normal monsoon rains. Low domestic production of pulses has kept prices high in the country over the last two years, with consumers paying ₹180-200/kg of tur dal. In 2023, the acreage for pulses declined by 5.4% due to delayed and deficit rains during the crucial sowing season.
Maize prices surge, procurement for ethanol may be hit
Government's maize procurement for ethanol impacts prices, leading to concerns over reduced state procurement. Farmers may opt for private traders due to high prices. India promotes maize as a sugar alternative for ethanol production amid declining sugar production.
Cabinet clears Rs 24,420 cr subsidy for P&K fertilisers in Kharif season
The union Cabinet approved a subsidy of ₹24,420 crore for phosphatic and potassic fertilisers for the upcoming kharif season, while maintaining the rate for di-ammonium phosphate at ₹1,350 per bag of 50 kg. The Cabinet also approved three new fertiliser grades under the Nutrient-Based Subsidy scheme to reduce import dependence.
Foodgrain Output Estimated at 154 MT in Kharif Season FY24
The Indian government has projected food grain production to reach 154.19 million tonnes during the kharif season and 155.12 million tonnes during the rabi season in 2023-24. Major agricultural crops include kharif rice, wheat, millet grain, tur, grain, lentil, soybean, rapeseed, mustard, cotton, and sugarcane.
Cabinet announces Rs 24,420-crore subsidy on P&K fertilisers for Kharif Season 2024
The Cabinet on Thursday approved Nutrient Based Subsidy rates for Kharif Season 2024 (from 01.04.2024 to 30.09.2024) on Phosphatic and Potassic fertilizers and inclusion of three new fertilizer grades under NBS scheme.
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