Rabi Crop

Masur (lentil) production in India is projected to reach a record 1.6 million tonnes in the 2023-24 rabi season, driven by increased acreage, states Consumer Affairs Secretary Rohit Kumar Singh.

Import duty cut on wheat can help check impact of monsoon deficit: Siraj Hussain

Siraj Hussain says preliminary assessment of the impact of this monsoon shows that paddy, pulses, oilseeds and sugar cane crops may have been adversely impacted in some regions

Wheat sown in 54,000 hectare, mustard in 18.99 lakh hectare so far: Govt data

The sowing of wheat, the main rabi crop, begins in October and harvesting in March-April. Besides, gram and mustard are other major crops grown during the rabi season (July-June).

Govt raises minimum support prices for six Rabi crops

Minimum support price refers to state-set price at which government agencies procure select crops from farmers to shield them from typical price volatilities. About 23 crops are currently covered under MSP.

Wheat sowing up 4% at 325.35 lakh hectare so far this rabi season

In wheat, the data showed that 325.35 lakh hectare area coverage has been reported so far compared to 313.95 lakh hectare in the same period last year.

Doubling of farmers income by FY22 could be focus area in Budget: Mayuresh Joshi

A boost in rural productivity could create a multiplier effect in consumption as rural growth has de-grown urban growth in the past fiscal.

Commodities@Moneycontrol | Roundup of key happenings in the market

Here's a roundup of key updates in commodities market

Commodities@Moneycontrol: Roundup of key happenings in the market

Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters

Govt mulls imposing 25% import duty on chana to save farmers

According to sources, the Agriculture Ministry has moved a proposal to impose import duty on chana as it fears that the prices of this rabi crop could fall sharply to the disadvantage of farmers.

Retail to get push from rural economy, Govt reforms: Report

Besides, low level of inflation and the Government's reform initiatives are likely to provide boost to the sector in 2017, said the report by Dun & Bradstreet.

Centre extends deadline for rabi crop insurance till Jan 10

The Union Government has extended the timeline for farmers to get enrolled in the rabi crop insurance scheme till January 10, Maharashtra agriculture minister Pandurang Fundkar said today.

Advance GDP estimates likely to be off the mark: Pronab Sen

"It will be more of guess work because Central Statistics Office will not have first advance estimate of Rabi crop and Index of Industrial Production (IIP) data for December to know about affect of demonetisation," Sen told PTI.

Farmers can buy Rabi seeds with demonetised notes: Fadnavis

Seeds can be purchased from centres, outlets, belonging to Central or state government, PSUs, national or state seeds corporation, Central or state agriculture universities, ICAR, upon producing proof of identity, Fadnavis said in a statement issued here.

RBI to cut rates if rains dampen pulses prices: BofA report

The Reserve Bank of India is most likely to cut down its key policy rate on August 9 by 25 basis points if the rains manage to dampen pulse prices, says a BofA Merrill Lynch Global Research report.

Tomato prices to remain high for next two months

Tomato prices which have soared to Rs 80-100 per kg in retail markets across the country are likely to remain elevated for at least next two months as fresh crop is expected to hit markets only by August-end

Rajan to wait for Budget roadmap before next rate cut: HSBC

"The Budget on February 29 should show how this extra space will be shared between monetary and fiscal policies," the report noted. The RBI will also be closely watching the Budget fine print, it said, adding its effect on inflation and financial stability will be closely watch

Govt allays fears of wheat shortage amid production concerns

Sowing of wheat, the main rabi crop, which began from October is almost nearing an end now. There is a lag of 1.1 lakh hectare in sown area from over last year due to high temperature, and experts have indicated a fall in the output to below 90 million tonnes this year.

Deficient monsoon: Is a big agri push on cards in Budget 2016?

The government may be looking to significantly increase allocation to marque programmes such as the Pradhan Mantri Krishi Sinchai Yojana, Rashtriya Krishi Vikas Yojana, Pradhan Mantri Gram Sadak Yojana, and the one to provide soil health cards to the country's 140 million farmer families over three years

Price to ease on harvest, action against hoarders:FM

With government under attack from opposition parties on the issue, Jaitley said that retail inflation has come to down to about 4 percent from 12 percent since the Congress went out of power last year.

Projected dry spell to hurt kharif, farm income: JNU Prof

Abhijit Sen, professor of economics at JNU, said to compensate for the income going down (15 percent of the nation's income come from agriculture), the government needs to implement the existing NREGA scheme efficiently.

Will miss revenue guidance by 10%: Insecticides India

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.

Modi govt battles as 10 lk hectares of crops destroyed

One of the worst affected places is Maharashtra where around 40,000 hectares of standing Rabi crop has been damaged. On the other hand 26 out of the 33 districts in Rajasthan have been affected and 40 percent of their mustard production has been destroyed.

Expect GDP around 5% for next two quarters: Chetan Ahya

The non-agri GDP, which is more important from the markets perspective, is likely to be very weak, feels Chetan Ahya.

Prices of pulses to be subdued in short term: CRISIL

The positive impact of the high base wears off, the rabi crop - which is expected to be bumper - would have entered the market, keeping a fresh tab on prices. Beyond that, however, inflation in pulses will depend on demand revival and on whether farmers continue to increase production, says CRISIL.

Bad news for UPA: Economic uptick unlikely before 2014

Since last Friday, there has, in fact, been a cascade of more bad news. The rupee has been heading south, and is now targeting 57 to the dollar. The HSBC Manufacturing Purchasing Managers‘ Index (PMI) is at a 50-month low.