Erratic monsoon may hamper agri harvest, increase prices

erratic monsoon may hamper agri harvest increase prices

Sumary of Erratic monsoon may hamper agri harvest, increase prices:

  • “We expect cotton, oil seeds and coarse cereals to be most impacted due to erratic rains,” said Rahul Bajoria, chief India economist at Barclays.
  • “In the last two-three years, monsoons have been problematic not in its overall quantum of rain, but in terms of its spatial distribution.
  • Crisil Research expects erratic monsoons across the country may lead to increase in onion prices.
  • Few states such as Gujarat, Kerala, Odisha and Assam are likely to face more challenges due to low irrigation coverage and a high rain deficit but South India, excluding Kerala, has seen above-normal rainfall, said Arshad Perwez, strategy research—vice president, JM Financial Institutional Securities.
  • Bajra saw a 8% fall in sowing area due to deficit rains, followed by groundnut where the sowing area fell 4% from the year earlier due to erratic rains in Western India.
  • Perwez expects prices of proteins such as pulses, egg and meat to remain high driven by steady demand and increase in input prices and supply challenges.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close