In this video, CNBC TV18 Commodities Editor Manish Gupta gives us a better picture about the production targets.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
FRP and MSP: Are the two rates contradictory or do they supplement each other in guaranteeing a fair price for farmers?
The minor losses due to rains in the isolated pockets was factored in during the first projection made last month with respect to total kharif (summer) foodgrains output for the 2017-18 crop year (July-June), he said.
Agriculture Minister Radha Mohan Singh will inaugurate the conference at Vigyan Bhawan here. "It will take review of kharif crops and discuss with state governments on preparedness for the coming rabi season," a senior Agriculture Ministry official said.
This was approved at a meeting of a high-level committee meeting for central assistance headed by Home Minister Rajnath Singh.
With some crops like pulses starting to arrive in mandis a bit early, the government today said minimum support price (MSP) of all kharif crops grown this year will be applicable from September.
Heavy rainfall has worsened the flood situation in Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan and Uttarakhand
Sowing of pulses has gone up by 33 per cent to 130.17 lakh hectares so far in the ongoing kharif season on good monsoon and increase in market price.
"The farmers have completed sowing of kharif crops on around 41.29 lakh hectares of land against the proposed target of 48.10 lakh hectares in the state," State Agriculture Minister Brijmohan Agrawal said today.
Non-Bt cotton varieties have been sown in 15.89 lakh hectares (ha) area till July 28, in the current Kharif season (June-October) in the country, Parliament was informed today.
Till last week, total area sown to kharif crops was higher by 11.38 lakh hectares when compared to the year-ago period.
Although monsoon is likely to be above normal this year, there was some delay in monsoon showers reaching many parts of the country and that delayed the sowing of the kharif crops.
Area sown to kharif crops like pulses has plunged by 23 percent to 215.87 lakh hectare in 2016-17 season so far because of deficit rains in June
India will "definitely" see higher foodgrain output and overall growth in the agriculture sector in case the IMD prediction of a good monsoon "comes true", Agriculture Minister Radha Mohan Singh said on May 31
The country imports about 80 lakh tonnes of urea annually to meet the domestic demand. Indian Potash (IPL), MMTC and STC are the three authorised trading agencies for urea imports.
The delay in arrival of southwest monsoon by a week is unlikely to have any significant impact on sowing of kharif crops, Agriculture Secretary Shobhana K Patnaik said on May 19
The rating agency had earlier forecast a GDP growth of 7.7 percent. The World Bank had yesterday retained GDP growth forecast of 7.5 percent for FY16.
The state government's demand was made by Naveen Patnaik when he met Union Finance Minister Arun Jaitley in New Delhi, a release issued by the Chief Minister's office said.
As on September 4, the total area sown under kharif crops is 99.87 mhac, which is 1.93 mhac higher than last year, Ind-Ra said. But it believes that the dry spell during August and September will be a dampener for the sowing of rabi crop.
Rajesh Aggarwal, managing director and chief executive officer, Insecticides India doesn't see a bleak picture for the upcoming quarters as the untimely rainfall will be good for the kharif crops, he explains.
"On agriculture, we estimate this would be a very good year. The first advance estimates of Kharif foodgrains production shows that output will be 10.3 percent higher than the first advance estimates of the last year," Chidambaram told reporters here.
There will be a bumper harvest, food grain production will cross 260 million tonne, and the increase in agriculture production will give an extra one percent in GDP growth, services will give 7-8 percent, industry is the party spoiler, he adds. But GDP will remain around 5 percent.
Monsoon, the life-line of Indian agriculture, today covered the entire country but the rains are still deficient by 23%, a top official of India Meteorological Department said.