Higher water ranges in reservoirs, more-than-normal rains within the present summer season season and expectation of monsoon have motivated farmers to extend the pre-kharif space underneath crops like paddy, moong, maize, bajra and groundnut, leading to a 36% year-on-year rise in crop space to this point. The Reserve Bank of India on Friday acknowledged this, citing the agriculture sector because the ‘beacon of hope’ in its financial coverage announcement.
“Amid this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7% per cent in food grain production to a new record. A ray of hope also comes from the forecast of a normal southwest monsoon in 2020 by the India Meteorological Department (IMD),” RBI governor Shaktikanta Das mentioned.
“Rabi procurement is in full flow in respect of oilseeds, pulses and wheat, benefiting from the bumper harvest. These developments will support farm incomes, improve the terms of trade facing the farm sector and strengthen food security for the country. Going forward, these would also have a salutary effect on food price pressures,” Das mentioned.
The acreage of all pre-kharif crops like paddy, moong, maize, bajra and groundnut, sown earlier than monsoon arrival the place water is out there, elevated to 67.25 lakh hectare as on May 22. Sowing of paddy was up 38% to 34.87 lakh hectare, pulses by 33% to 12.82 lakh hectare, coarse cereals 41% to 10.28 lakh hectare and oilseeds rose 26% to 9.28 lakh hectares, all towards their year-ago ranges.
As on May 21, the nation’s 123 main reservoirs throughout areas had 35% of their storage capability whereas the conventional (common of final 10 years) is 22%. The storage was at below-normal stage within the year-ago interval. Similarly, there’s practically a 50% bounce in fertiliser gross sales (together with complicated fertilisers) in April to 19.14 lakh tonne.
The rainfall throughout the nation since March 1 is 17% greater than regular till May 22, in keeping with official information. As many as 30 out of 36 meteorological sub-divisions, which covers 85% of the whole land areas, have acquired regular or above-normal rainfall on this summer season season.
The IMD final month predicted this yr’s monsoon rainfall to be 100% of the lengthy interval common (LPA) of 88 cm. Monsoon rainfall between 96-104% of LPA is taken into account ‘normal’. The monsoon season of June-September has over 70% share in India’s annual rainfall and is taken into account key to the success of agriculture sector, as nearly 55% of the agricultural land is rain-fed.
The Centre has procured 5.89 lakh tonne of chana, 4.97 lakh tonne of mustard and 4.99 lakh tonne of tur at minimal assist costs although its nodal company, Nafed, throughout the lockdown interval. In the on-going season, the federal government additionally bought 327 lakh tonne wheat until Friday, the agriculture ministry mentioned in an announcement.