After Fitch, Moody’s revises target on a ‘drier than average’ monsoon’; projects 7.5% growth for 2016.
The monsoon’s revival after a dry spell from late-June to mid-July raises hopes of a normal kharif crop this time.
Farming of gerbera in Padoli is taking place in a controlled environment under polyhouses.
Reversing trend being witnessed due to collapse in basmati and cotton realisations, minimal hikes in paddy and wheat MSP, damage to rabi crop from untimely rains and hailstorms, among others.
Rupee gained even as FIIs pulled out a net Rs 15,879 crore in May and June 2015
Zankat is back to cultivating only groundnut, whose prices are ruling at Rs 5,000 per quintal.
He was forced to offload nearly 40 quintals in the local Dewas mandi at Rs 1,200 per quintal, while being able to sell only 20 quintals to the government at the minimum support price of Rs 1,450.
Even taking the reduced costs and 20-22 quintals/acre yields, the profits from Pusa-1121 at Rs 2,100-2,200/quintal are nowhere close to when prices were Rs 4,400-4,500.
The Indian Express reporters travel into the interiors to understand what’s in the mind of farmers as kharif plantings gather pace.
Reports that Greece has given its creditors new proposals on a bailout boosted market sentiment.
Above-normal monsoon progress, strengthening of rupee also help in cheering up the markets.
Warehouse receipts were made negotiable under the Warehouse (Development and Regulation) Act, 2007.
Indian Express trace Bihar’s recent emergence as a maize powerhouse with farmers harvesting yields comparable to Midwest US levels.
Threat of a poor monsoon came in the way of a deeper rate cut by RBI. Now, government must keep an eye on food inflation.
The delayed onset has added to the concerns on the monsoon front this year.