Categories: Business

well spread Monsoon to result in Bumper Kharif output says crisil

Photo: GOOGLE

crisil predicts Bumper Kharif output this year

new Delhi. The total production of kharif crop is expected to increase by five to six percent this year due to increase in area under kharif crops and better distribution of monsoon rains across the country. Crisil Research has given this estimate in its report. Crisil Research said in a report that as of August 21, rainfall in the country has been seven percent above the long-term average. Sowing of crops has been better in most states due to good rains. Crisil Research expects that the area under sowing will increase by two to three per cent to 109 million hectares in the Kharif season 2020 with an increase of 5-6 per cent. Apart from this, with productivity also increasing by two to three percent, bumper kharif production is expected.

In addition, the report said that paddy cultivation is set to increase due to better rains and return of migrant laborers in both eastern and southern states. "Due to the return of migrant laborers, many farmers in Punjab and Haryana are directly sowing paddy, which has low productivity," Crisil Research director Hetal Gandhi said in a webinar on Monday. However, this shortfall will be offset by the increase in paddy acreage in states like Uttar Pradesh, Bihar and Andhra Pradesh where the laborers have returned. "Due to this, total paddy production will increase over the last year." He said that the eastern states could see the highest increase in profitability of the crop due to lower cost, while southern and western states, cotton and maize prices were lower. May have to bear the brunt of being. On the other hand, due to favorable crop mix (cultivation of mixed crops) and large amount of government procurement in the Kharif season of 2020, the northern region will be the biggest beneficiary. The report said, however, that the area under vegetables, cotton and maize would be lower than in the previous season as the fall in prices discouraged farmers from sowing. He said that due to supply disruptions related to coronaviruses, farmers have turned to relatively long-lasting horticultural products such as ladyfingers and brinjals in place of early spoilage crops such as tomatoes. Apart from this, Gandhi said that due to such a bumper kharif crop, there will be pressure to fall in the prices of various commodities.

This post was published on August 24, 2020 10:13 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…