India’s sugar production is likely to decline in the sugar year (SY) 2020 due to drought-like conditions in Maharashtra and Karnataka after a record sugar production in SY2019, ratings agency ICRA said in a statement. “Despite the expected decline, pressure is likely to continue on the sugar prices and the consequent operating margins in FY2020 […]
With the progress of monsoon still remaining sluggish, 84 per cent of the meteorological subdivisions have recorded deficient rainfall, MeT department data shows. According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the […]
When Indian Prime Minister Narendra Modi first came to power five years ago one of the high points was his extraordinary luck with oil prices, which nearly halved within a space of a few months. But that luck may well run out in his second term due to conditions not in his control, creating critical […]
A delayed and deficient monsoon so far has slowed summer crop sowing, with the area sown remaining nearly 8 per cent lower than in the previous year. So far, rainfall has been almost 42 per cent less than normal across the country – its worst performance since 2014, according to the IMD. By June 14, […]
Delayed rains and a heat wave over northern India have raised worries about whether rice production and exports from the World’s No. 1 supplier will dry up this year. But the bigger worry is not poor weather conditions, but rather a war-like situation near Iran. Monsoon rains have arrived over southern India, albeit with a […]
It would seem that even the gods are conspiring against the poor Indian farmer. If one year of scanty monsoon was not bad enough already, a delay in the arrival of the seasonal rains this year is going to hit them harder. Typically, the monsoon rains set in over southern India by end-May, but it […]
Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rains, according to the latest assessment by the country’s weather office. Officials in the India Meteorological Department said El Nino conditions have weakened considerably and the assessment is that this is unlikely to pose any threat to the […]
India’s monsoon is likely to be a robust and healthy one this year provided there isn’t a surprise El Nino phenomenon, India Meteorological Department (IMD) said. Monsoon rains, the lifeblood for India’s farm-dependent $2.6 trillion economy, arrive on the southern tip of Kerala state around June 1 and retreat from the desert state of Rajasthan […]
Rabi sowing started in the country with farmers planting crops across 8.49 million hectares, down by 8.7 per cent from the same period last year. A slow start of rabi sowing in the country can be attributed to low moisture content in the soil following weak and patchy distribution of rains during the crucial southwest monsoon […]
India’s kharif groundnut production is likely to fall by 29.2% from a year ago to 3.74 million tonnes, as scanty rainfall hit yields in the top producing western state of Gujarat, a leading trade body said. The drop in output could force the world’s biggest edible oil importer to raise overseas purchases in the 2018-19 […]
