Follow Us:
Tuesday, April 20, 2021

No effect of note ban on rabi sowing, prices of crops: Niti Aayog

The paper, however, pointed out that the growth rate in farmers' income is projected to be slightly lower due to drop in prices of perishables during the months of November and December.

By: PTI | New Delhi |
January 10, 2017 8:16:07 pm
Rabi crops, Rabi crops growth, Rabi crops price, India agriculture, Niti Aayog, note ban, demonetisation, indian express news The demonetisation drive didn’t have any impact on prices of Rabi crops like paddy, soyabean and maize, said Niti Aayog member Ramesh Chand.   

The Centre’s demonetisation drive did not have any impact on rabi sowing and prices of crops like paddy, soyabean and maize, Niti Aayog member Ramesh Chand has said. “Tentative estimates of area sown are provided by the Ministry of Agriculture each Friday of the week. This data shows that up to November 11, which can be considered as start of demonetisation, rabi sowing was completed on 14.6 million hectare area which was 5.7 per cent lower than the normal crop coverage.

Watch what else is making news:

“The gap between area sown this year and normal area (average area) steadily declined almost every week since the announcement of demonetisation. During the week ending December 30, 2016, net sown area under rabi crops exceeded the normal or average area by 2.77 per cent and area sown last year by 6.86 per cent,” Chand wrote in a research paper titled “Agricultural Growth in the Aftermath of Demonetisation”.

It further said that normally rabi sowing is completed on 88 per cent area by December 30 but this year it has been completed on more than 91 per cent area. The paper said that no effect of demonetisation was seen on prices of major crops like paddy, soyabean and maize in the month of November and their wholesale prices in APMC mandis of the country were around 3 per cent higher in November as compared to the month of October. However, prices of maize and soyabean fell in the month of December but paddy ruled higher than previous two months and also as compared to last year.

“Prices of some of the perishables crashed in the month of December. The main reason for this was found to be the glut in market,” it said. The paper observed that the situation prevailing at the end of December 2016 implies that rabi crop output will increase by 6.02 per cent over last year due to higher area sown.

“Lower use of fertilisers, as observed from the first point sale, can cause 1.06 per cent decline in output of rabi season. These two factors put together imply that rabi output in 2016-17 could be 4.96 per cent higher than 2015-16,” it said.

The paper, however, pointed out that the growth rate in farmers’ income is projected to be slightly lower due to drop in prices of perishables during the months of November and December. “The net effect of fall in prices on farmers’ income is estimated to be -0.26 per cent,” it said. The agriculture sector this year was expected to witness high growth, about 6 per cent, in output and farmers’ income, after two years of poor performance due to back to back droughts.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
0 Comment(s) *
* The moderation of comments is automated and not cleared manually by