Favorable
climate in India will provide bumper Rabi crop in 2020. Despite Kharif crop
damage in the first half of 2019, the farmers are optimistic about good winter
crops.
The Projections
of Rabi Crop
The data
collected by agriculture ministry revealed that the sowing of Rabi crop is 6.4%
more than the previous year. The high reservoir water levels and sufficient
soil moisture is making a way for bumper Rabi crop this year. Water levels in
more than 60 reservoirs controlled by Central Water Commission exceeded 80% of
their storage capacity.
Agri-inputs
Sales
Evaluation by
Antique Stock Broking Ltd showed a 15-20% increase in sales of most agro
chemical companies during October and November this year. Vital crop nutrients
industry (urea and diammonium phosphate) saw a 20% increase in sales during the
same time. Arshad Perwez, vice president, JM Financial Institutional Securities
Ltd said that favorable climate conditions have expanded the scope for rabi
crop this season. Further, he accounted for farmer’s optimism to the high
prices of agricultural commodities despite damaged Kharif crop production.
Besides, several major agriculture input companies like Dhanuka Agritech Ltd,
Rallis India Ltd, UPL Ltd, etc. expect better sales in the next year.
Delay in Sowing
The officials
in the agriculture department predict a delay in sowing of rabi crops. The
sowing will mainly get affected in North Maharashtra. They stated that the
average time of sowing rabi crop will exceed. Due to excessive moisture in the
soil, farmers of Nashik, Ahmednagar, Dhule, Nandurbar and Jalgaon districts
will continue to sow 10.80 lakh hectare of area till mid-January 2020.
Crisil Report
on Kharif crop
The excessive
rainfall in southern western states suffered crop damage whereas delayed
monsoon in northern states led to a delay in the sowing of Kharif crops in
2019. Crisil research reported that 4% to 6% less production of Kharif crop
will result in high prices. Besides, over 90% of the rabi crop sown area will
give a healthy output in the crop year 2019-20.
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