A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year's estimates of 518 lakh tonne.
Farmers in India have sown kharif crops across 1022.51 lakh hectares so far this year, as against 1021.48 lakh hectares in the same period of last year, according to the latest data from the Agriculture Ministry.
Commodity-wise, paddy sowing is at 328.22 lakh hectares, as against 312.80 lakh hectares same period last year. Notably, India in July amended the rice export norms by putting non-basmati white rice, a major export item, in the "prohibited" category.
Paddy stubble in several regions is burnt after the Kharif harvest to make way for the Rabi crop sowing. In the process, it leads to the deterioration of the air quality in the national capital region and beyond.
The fertilizer review committee (FRC), a body that monitors the availability and prices of fertilizers, in its recent report warned that the country could face a shortfall of urea in the ongoing Kharif season, as well as the upcoming Rabi season.
The Solvent Extractors' Association of India, the apex industry body for edible oils, once again urged its members to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers.
SBI Research, in its latest 'Ecowrap' report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.
The statement further informed that in a remarkable move, over 3 crore registered cultivable plots of land have been identified for conducting the survey during the ongoing Kharif season in Uttar Pradesh.
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Saturday released Rs 1,117.21 crore for insurance claim payments benefiting 10.20 lakh farmers who incurred crop loss in the Kharif season 2022.
The forecast of a normal monsoon despite the prevalence of El Nino, adequate availability of seeds and fertilisers and sufficient water in key reservoirs augur well for healthy kharif sowing in India, said the Department of Economic Affairs under Ministry of Finance in its monthly review rep