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LATEST NEWS UPDATES | Rabi season prospects

Rabi season prospects

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published Published on Dec 15, 2022   modified Modified on Dec 15, 2022

-Financial Express

Higher sowing augurs well for bountiful wheat and oilseed production

The resilience of India’s agricultural sector has been a positive factor in the India growth story. During the ongoing rabi season, the average area sown for wheat is up by 25%, to 25.5 million hectares as of December 9, from a year earlier. Area under oilseeds, too, is at record levels. All of this augurs well for bumper rabi crops that can offset a not-so-bountiful kharif output in 2022-23 (July-June). Rabi sowing operations commence in October and harvesting takes place from April onwards. Agriculture and allied activities were estimated to grow at 4.5% and 4.6% after adjusting for inflation in Q1 and Q2 FY23, respectively—the highest in 10 quarters since January-March 2020—although the first advance estimates of crop production indicated a lower kharif output during the current agricultural year. This was largely due to deficient monsoon rainfall during June, drought conditions in several states like Uttar Pradesh, Bihar and West Bengal and excessive late season precipitation. But, the last mentioned factor has improved soil moisture conditions and reservoir levels, which are favourable for rabi sowing operations. As on December 1, live storage in 143 reservoirs was 83% of capacity, 105% of live storage a year ago and 120% of the average storage during the last 10 years according to the Central Water Commission. For such reasons, the current uptrend in winter sowing may well enable higher agricultural growth this fiscal but not as much as the Q2 number indicated.

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Financial Express, 15 December, 2022, https://www.financialexpress.com/opinion/rabi-season-prospects/2913474/


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