The state government had set the target of purchasing 16 mt of paddy during the season
As the Kharif harvest season intensifies, crop prices may see shifts driven by increased arrivals, inflation pressures, and recent govt interventions aimed at stabilising key agricultural commodities
The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge
Area sown to paddy has increased by 2.22 per cent to 413.50 lakh hectares so far in the ongoing 2024-25 kharif (summer) season, the agriculture ministry said on Monday. In the year-ago period, area under paddy was 404.50 lakh hectares. Sowing of paddy, the main kharif crop, begins with the onset of southwest monsoon from June, and harvesting takes place from September. Additionally, area sown to pulses increased to 128.58 lakh hectare till September 23 of the ongoing season, from 119.28 to pulses in the same period last year, the ministry said in a statement. Area sown to 'arhar' and 'moong' reported higher area at 46.50 lakh hectare and 35.46 lakh hectare, respectively, while area under urad was slightly lower at 30.73 lakh hectare so far in the current season. Area under coarse cereals and 'Shree Anna' (millets) increased to 192.55 lakh hectare from 186.07 lakh hectare in the year-ago period. Among coarse cereals, area under maize rose to 88.06 lakh hectare from 84.65 lakh ...
Paddy sowing saw a 2.1 per cent increase, reaching 41 million hectares compared to the five-year average
The procurement is scheduled to commence from October 1 and continue till February 28, 2025, starting from Western UP and gradually covering the eastern part
As of September 6, improved monsoon rainfall has boosted Kharif sowing to 109.23 million hectares, the data released by the Centre showed
Paddy acreage increased by 4.29 per cent to 39.42 million hectare so far in the ongoing 2024-25 kharif (summer) season, the agriculture ministry said on Tuesday. In the year-ago period, the area under paddy was 37.8 million hectare. Sowing of paddy, the main kharif crop, begins with the onset of the southwest monsoon in June, and harvesting takes place from October Additionally, the area sown to pulses increased to 12.21 million hectare till August 27 of the ongoing season against 11.55 million hectare in the same period last year, the ministry said in a statement. The coverage of 'arhar' rose to 4.57 million hectare from 4.07 million hectare. Arhar (tur) sowing has been completed. The area sown to 'urad' was 2.9 million hectare against 3.08 million hectare. The area under coarse cereals and 'Shree Anna' (millets) increased to 18.55 million hectare from 17.75 million hectare in the year-ago period. Among coarse cereals, the area under maize rose to 8.72 million hectare against 8
Data showed that till August 9, kharif crops had been sown in around 98 million hectares, 1.39 per cent more compared to the same period last year
Chhattisgarh procured 14.7 MT of paddy in the kharif marketing season of 2023-24 from 2.4 million farmers
RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
India's conventional urea consumption is estimated to decline 25 lakh tonnes this fiscal on increase in demand of nano liquid urea and the government's efforts to discourage use of chemical fertilisers, Union Minister Mansukh Mandaviya said on Friday. Chemicals and Fertilisers Minister Mansukh Mandaviya also highlighted that the Cabinet on Thursday approved a Rs 24,420 crore subsidy on Phosphatic and Potassic (P&K) fertilisers for the kharif season. The prices of all fertilisers, including urea and Di-ammonium phosphate (DAP), will not increase, he said. "The Modi government has made a lot of efforts to promote alternate fertilisers and discourage use of chemical fertilisers. The use of nano liquid urea is also gaining momentum," Mandaviya said. As a result, the minister said, "The consumption of urea in 2023-24 is estimated to decline by 25 lakh tonnes." Mandaviya said the urea consumption stood at 357 lakh tonnes during FY23. "During April-January period of this fiscal, the ...
The government on Wednesday announced a Rs 24,420-crore subsidy on phosphatic and potassic (P&K) fertilisers for the upcoming kharif season and said the farmers will continue to get key oil nutrient DAP at Rs 1,350 per quintal. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilizers for fixing the Nutrient-Based Subsidy (NBS) rates for the Kharif Season 2024-25 from April 1 to September 30 on P&K fertilisers. Briefing reporters, I&B Minister Anurag Thakur said, "A nutrient-based subsidy of Rs 24,420 crore on P&K fertilisers has been approved for the kharif season starting April 1 till September 30." The minister said the subsidy on Nitrogen (N) has been fixed at Rs 47.02 per kg, phosphatic (P) at Rs 28.72 per g, potassic (K) at Rs 2.38 per kg and Sulphur (S) at Rs 1.89 per kg for 2024 kharif season, he said. The subsidy on phosphatic fertilisers has been increased to Rs 28.72 per kg for the 2024 kharif ...
Urea demand could re-emerge in a big way for the 2024 kharif season from May and June with the advent of monsoon
The Centre has so far procured 25,000 tonnes of onion grown in the 2023 kharif season for maintaining a buffer stock, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The government is procuring onion to maintain a buffer stock and use it for market intervention to boost domestic availability and keep prices in check. The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year. According to the Secretary, the government had procured 5 lakh tonnes from last year's rabi season and is purchasing 2 lakh tonnes of kharif onion as the buffer stock target has been raised. "About 25,000 tonnes of kharif onion has so far been procured from mandis. The procurement is underway," he told PTI. Of the 5 lakh tonnes of rabi onion lying in the buffer stock, the government has offloaded 3.04 lakh tonnes of onion through cooperative Nafed and NCCF in the market to check prices. As a result, the all-India
The ongoing elections in the three states could also be influenced if inflation rears its head again.
Paddy procurement during the current season is a key issue as Chhattisgarh goes to polls in two phases on November 7 and 17
Low soybean output could have a bearing on the prices, as it is one of the largest oilseeds grown in the kharif season
Haryana has procured 8.06 lakh Metric Tonnes (MT) of paddy and 1.14 lakh MT of millet at its mandis in the ongoing Kharif Marketing Season. The procurement of paddy and millet is progressing seamlessly at the mandis in the ongoing season, an official statement said here on Tuesday. "The state has so far procured 8.06 lakh Metric Tonnes (MT) of paddy and 1.14 lakh MT of millet. A total payment of Rs 690 crore has been disbursed directly into the accounts of over 32,000 farmers for their crop purchases through the Direct Benefit Transfer (DBT) system," it said. The statement said in a farmer-centric move to accommodate the early arrival of kharif crops, Chief Minister Manohar Lal Khattar decided to start procurement in September, ahead of the traditional October 1. Paddy procurement started on September 25, based on farmers' demands. To facilitate this, 231 mandis were established across the state. "The set target for paddy procurement during the Kharif Marketing Season 2023 is 60 l
Punjab Chief Minister Bhagwant Mann on Tuesday said the state government has decided to ban sowing of water-guzzling PUSA-44 variety of paddy crop from the next Kharif season. After formally kick-starting the paddy procurement operations in the state from here, Mann also urged farmers to stop the practice of stubble burning. He directed the food, civil supplies and consumer affairs department to ensure smooth and hassle-free procurement during the current Kharif Marketing Season beginning on October 1. "We are committed to procuring every single grain of farmers," Mann said while interacting with a group of farmers. The chief minister urged farmers to stop the cultivation of PUSA 44 variety of paddy crop as it takes more time to ripen, besides generating more crop residue. He said this season, farmers were asked not to sow the PUSA 44 variety but many growers sowed it. From the next season, PUSA 44 variety will be banned in Punjab, Mann said. It takes 152 days for ripening as ag