A group of commodities from summer harvesting, such as pulses, could keep household spending on food items high,early market trends show. | Latest News India
The reported paddy acreage is 2.7% higher than the corresponding period of last year and 3% higher than the normal area as calculated by the agriculture ministry | Latest News India
The country is likely to achieve its rice-output target of 111 million tonnes during the ongoing kharif or summer-sown season, senior farm ministry official said | Latest News India
The area under kharif crops in India remains nearly the same as last year, with rice acreage expanding despite a patchy monsoon. However, the sowing of pulses is trailing last year s levels, which could impact food supply and contribute to high inflation. The monsoon is vital for India s economy as it waters nearly half of the country s net-sown area. | Latest News India
A strengthening El Nino is causing drought in India, leading to a 35% decrease in rainfall in August and a 9% deficiency in the monsoon season. This could impact yields of important crops, such as soyabean, cotton, and pulses, which are produced in central Indian states. A sub-par monsoon could cut yields and push up food prices, which would have a negative impact on India s economy. The India Meteorological Department has forecasted a revival of the monsoon within a week, but private forecasters have said that the monsoon season this year is likely to be below normal. | Latest News India