With farmers taking to the streets and a bumper crop expected, it is unlikely that there will be any let up in wheat procurement in the 2021-22 marketing season
While rabi season drives hopes of a strong Q3, analysts are hopeful of strong growth over the next two years
The country's rabi foodgrains production including wheat in the ongoing 2020-21 crop year is expected to be better than the previous year's record of 153.27 million tonne
Agency had forecast a small contraction of one per cent during Q3
Shares buck the market trend, advance between 3 to 8 per cent on Thursday
According to rating agency CRISIL, kharif harvest was delayed last year, so acreage growth under rabi was on a low base till November 2019.
Experts say many crops don't come into the market during July-Sept and the real impact of kharif harvest will be felt in the subsequent quarters
In all, the average area under rabi crops in the last five years is 62.02 million hectares which means that so far 43 per cent of normal area has been covered this year
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The target for the 2020-21 crop year was set at the National Conference for Rabi Campaign 2020, which was held on Monday to review the progress of the kharif season and plan for the rabi crops
Buying sentiment in rural areas is also better due to good initial spell of rains in June which has led to a better sowing of the kharif crop
Govt asserts desert locusts have not impacted rabi crops and efforts are on to eliminate the insects before monsoon in order to save kharif
The production of cereals, pulses and oilseeds is estimated to decline by 1.95 per cent, 2.22 per cent and 13.48 per cent, respectively, in 2019-20 compared to last year, according to the report.
In Rajasthan, which has been worst hit, officials say 90,000 hectares in 20 districts have been affected; standing crop in 4,000 hectares in Sri Ganganagar, 100 hectares in Nagaur has been destroyed
Shortage of labour with expertise to plant paddy has prompted the state to encourage farmers to grow less labour-intensive crops
With normal monsoon forecast this year, they want to take advantage of pre-monsoon showers
Farmers need financial support to soften the impact of the lockdown imposed by the government
The West Bengal govt's permission to operate with 15% workforce will barely allow them to meet 15-20% of the overall demand for bags worth about Rs 1,500 cr
Addressing a press conference through video conference, Singh said Punjab will allow district-wise relief from lockdown only to let farmers harvest Rabi crop
The lockdown can severely affect harvesting and sale