Posts Tagged ‘rabi season’

Wheat Sowing Picks Up Pace Across India

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

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Wheat sowing picks up pace across India

Wheat sowing picks up pace across India:


As per the latest government estimate, wheat has been sown in around 13.70 million hectares of land till last week, almost 5% more than the same period last year.

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Sowing in India ‘s two main wheat growing province of Punjab and Haryana,which contribute almost 80% of the total country’s production is nearing end.

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Officials believe that  barring delayed harvest kharif crops, cooler temperature in most parts of northern, central and western India added with the recent unseasonal rains should provide an ideal climatic condition for good wheat sowing and early growth.

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The government expects an additional two million tonne of wheat production during the rabi season to offset some of the losses incurred during the kharif harvest.

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However, as per studies done by Indian Council of Agriculture Research, wheat yield can come down by almost 50 kilograms per hectare per day if it is sown very late (beyond December) in northern states.

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The output drop in southern wheat growing states and in Maharashtra and Karnataka is estimated to be around 36 kilograms per hectare per day if the crop is sown very late.

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In Other major Commodities Updates we can read about India’s FM statement on Inflation root cause and launching of in 12 commodities by MCX.


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Inflation due to food items shortage: FM


The current trend in inflation in India is a result of a shortage of food items and not due to a demand-push factor, Union finance minister Pranab Mukherjee told Parliament on Tuesday.

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The food articles index rose an annual 15.6% as at 14 November, up from the previous week’s 14.6% rise.

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The weakest monsoon since 1972 and then floods in parts of the country have hurt farm output and pushed up food prices.

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The finance minister said the government is keeping a close watch on futures trading in commodities.

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The Centre is planning massive investment to boost farm output, the minister said.

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MCX launches EFP in 12 commodities:


The Multi-Commodity Exchange of India (MCX) has introduced the exchange of futures for physicals (EFP) transactions in 12 commodities from Tuesday, the bourse said in a release.

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This process will help traders who have already entered into an agreement for physical trade to take position on futures platform for transparent pricing mechanism.

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In EPF, if the quality of the commodity traded does not match MCX specifications, both parties can then decide on a premium or discount to the settlement price on the futures platform on the delivery date.

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Food Inflation at 13.7% !!

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

Food inflation at 13.7%

Food inflation at 13.7%

Food inflation at 13.7%:

The food price inflation went up marginally to 13.7% for the week ended October 31 following an increase in vegetable prices, but the arrival of winter crop is expected to bring down the prices soon.

The built up inflation in the current year, or the increase in prices from the beginning of the current fiscal to end of October, has been strong at 14.4% against 7.67% in the corresponding period last year, data released on Wednesday showed.

This rise has been particularly steep in case of pulses (21.2%), vegetables (54.5%) and potatoes at (127.6%), clearly indicating that poorer segment of the population, who would spend a high proportion of their income on food, would have been hit hard by the increase in the prices.

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In Other major Commodities Updates we can see that wheat production in country is set to increase by 2 million Tonne in 2009-10.

Wheat Production to Increase by 2 Million Tonne in 2009-10:

Wheat acreage and production is expected to increase in 2009-10 rabi season.

A large area, which was not sown under rice due to poor monsoon this year, is expected to come under wheat according to scientists.

Area in central and southern belt will increase as unsown area will come under wheat.

Also, in the Indo-Gangetic plain of the Punjab plain, the Haryana plains, and the middle and lower ganga area will increase.

Rains in the month of September have ensured moisture availability for wheat.

However, the late harvesting of paddy (due to increase in temperature in the last week of October) has delayed sowing of wheat which is a big concern for the agriculture scientist and the farmers.

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Wheat Sowing Starts, to Gather Pace After Cane Fields Vacated

Hello Friends here we come up with the Latest Major Agri-Commodities updates from various parts of the globe.

Wheat sowing starts, to gather pace after cane fields vacated

Wheat sowing starts, to gather pace after cane fields vacated

 

Wheat sowing starts, to gather pace after cane fields vacated:

Sowing of wheat, the biggest foodgrain grown during the rabi season, has started in some parts of the country.

The crop has been planted in around 25.7 lakh hectare till November 5, almost 9.4% less than the same period last year.

Though wheat sowing has got off to a slow start this year, but still there is not much concern as the delay is mainly due to late harvesting of kharif crops.

Sowing of rapeseed has also started on a weak note and till Thursday, around 3.48 lakh hectares of land has been brought under the crop as against 6.65 lakh hectares sown during the same period last year.

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In Other major Commodities Updates we can see that Mentha oil futures have turned weak and Corn and soybeans have fell for the third straight day.

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Mentha oil futures turn weak:

Mentha oil futures prices fell by 0.30 per cent today as traders indulged in profit-booking at higher prices amid fall in demand in the spot market.

Increased arrivals from producing belts in Uttar Pradesh also put pressure on the prices.

At the MCX counter, mentha oil for November contract declined by 0.30 per cent to Rs 533.60 a kg clocking business volume in 201 lots.

Similarly, mentha oil for delivery in December contract eased by 0.26 per cent to Rs 540.20 a kg in business turnover in 53 lots.

Fall in mentha oil prices was mostly due to profit-taking by speculators and subdued trend in spot markets.

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Corn, Soybeans Fall as Warm, Dry Weather May Speed U.S. Harvest:

Corn and soybeans fell for the third straight day on speculation that warm, dry weather will hasten U.S. harvesting, boosting supplies for food and feed producers.

Weather conducive to field work is expected across the Midwest in the next 15 days.

About 49 percent of U.S. soybeans and 75 percent of the corn remained to be gathered as of Nov. 1, according to government estimates.

Grain and oilseed markets also fell on reduced investment demand for raw materials as an inflation hedge.

The rising unemployment rate is not good news for demand.

Corn futures for December delivery fell 9.5 cents, or 2.5 percent, to $3.67 a bushel on the Chicago Board of Trade.

The decline pared the week’s gain to 0.3 percent, the fourth increase since Oct. 2.

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