The government has allowed its agencies to procure just harvested soybeans with a moisture content of 15 per cent, which is above the otherwise prescribed 12 per cent norms.
After a challenging first half of financial year (FY) 2025, the corporate earnings outlook is likely to improve in the second half as the government spending, robust Kharif crop and improving rural demand is set to revive, Motilal Oswal said in a report.
The paddy procurement is in full swing in the Punjab and Haryana which are known as the Food Bowl of India. According to the official estimate, like every year 185 LMT and 60 LMT of paddy are estimated to be procured from these two states respectively during Kharif Marketing Season (KMS)
India has three cropping seasons: Summer, Kharif, and Rabi. Kharif crops, sown during June-July and dependent on monsoon rains, are harvested in October-November. Rabi crops, sown in October-November, are harvested from January, depending on their maturity. Summer crops are produced between
Companies in the agrochemicals space are expected to witness a muted July-September quarter growth due to excess Southwest Monsoon (particularly in August and September), high carryover stocks, and price pressures, said financial advisory services firm Anand Rathi in a report.
Southwest monsoon rains in India hit four years high this season, experiencing about 108 per cent of the long period average at 934.8 mm, data made available by state-run weather bureau India Meteorological Department showed. A rainfall of 868.6 mm is the long period average in India.
India's Kharif crop sowing has been quite robust this season, with farmers planting crops across 1,108.57 lakh hectares so far, compared to 1,088.25 lakh hectares same period last year, marking a 1.9 per cent year-on-year increase.
"Rahul Gandhi talks about MSP all the time, but he doesn't even know what MSP is. He doesn't know about the crops grown in the Rabi and Kharif periods. Congress has governments in so many states, but not even one state gives MSP on 24 crops. Nayab Singh Saini is the only Chief Minister wh
India's Kharif crop sowing has progressed handsomely, with farmers planting crops across 1,104.63 lakh hectares so far, as against 1,088.26 lakh hectares from last year. On year-on-year, it is 1.5 per cent higher.
Above-normal monsoon rains that helped farmers sow more crops this Kharif season bode well for agriculture, and are likely to improve gross value addition (GVA) in the sector