-The Hindu Business Line Agriculture Ministry expects record harvest this year New Delhi: With the monsoon covering the entire country this week, sowing of kharif crops till July 15, at 559.76 lakh hectares (lh), surpassed last year’s acreage of 548.38 lh as farmers planted more rice, pulses, Coarse Cereals, oilseeds and sugarcane. Cotton was the only crop that witnessed a drop in acreage, at 75.41 lh in the June to July 15 period...
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Rise in food prices will stem demand, says FAO official -Vikas Vasudeva
-The Hindu The poor will find food unaffordable and will decrease consumption, says Shyam Khadka Though the demand for most food commodities in India is set to grow by 2025, it would at a slower rate as compared to 2005-15, according to UN’s Food and Agricultural Organization (FAO). A plausible factor is the rising food commodity prices whereby a small section of the population will find food unaffordable and thus decrease consumption. FAO...
More »Rainfall deficit contracts to 2%
-The Economic Times NEW DELHI: The season's rainfall deficit contracted to 2% from 6% in a day on Monday. The weather office has forecast heavy showers in Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Bihar and t parts of east in the next 24 hours. This could speed up planting of i paddy, oilseeds, Coarse Cereals, cotton, sugarcane and pulses. Monday's rainfall, 14.8 mm, was 74% higher than normal, as monsoon reached new areas...
More »Kharif sowing slows down further despite monsoon progress
-The Hindu Business Line New Delhi: Sowing of kharif crops slowed down further in the third week of June, despite considerable progress in monsoon rains, with the total area sown falling by almost 24 per cent to 124.94 lakh hectares (lh) compared with 164.10 lh at this time last year. States have reported that till June 24, rice has been sown/transplanted on 19.86 lh (21.86 lh), pulses on 9.66 lh (12.19 lh)...
More »Rural demand: How much can the monsoon help? -Renu Kohli
-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...
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