-Reuters Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it...
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Hybrid seed industry growth may drop due to scanty rains-Tapash Talukdar
-The Economic Times MUMBAI: Scanty rains in cotton-growing regions of Gujarat, Maharashtra and Tamil Nadu have washed away hopes of hybrid seeds growth in the country. The National Seed Association of India (NSAI) is expecting only a single digit growth between 5-7% against its previous estimate of 20% early this year. India's hybrid seed industry, which is pegged at Rs 11,000 crore, grew nearly 15% last year. And cotton seed contributes up...
More »Onion shortage looms large over country due to patchy monsoon
-PTI Patchy monsoon has its shadow over onion cultivation with major producing regions in Maharashtra and Gujarat witnessing drop in sowing area of the key kitchen item almost by half. Decline in area would affect supply of onion during October-December period and could trigger its price rise in the domestic market. Onion is selling at Rs 10-15 a kg at present in retail in Delhi and other parts of the country. "Almost 50 per...
More »Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »Rs 1900 crore grant to fight drought-Nitin Sethi
-The Times of India India could be staring at a drought worse than the one it experienced in 2009. Union agriculture minister Sharad Pawar informed that nearly half of the 624 districts had received deficient rains, another 15% experienced scanty or little rains and a deficit of 21% has been recorded across the country so far- worse than the cumulative deficiency recorded in the corresponding period in 2009. An internal review...
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