The Indian government on Wednesday increased the minimum support prices for all kharif crops for 2019-20 amid a slow start to the sowing season due to the delayed onset of monsoon.
A lacklustre start to the southwest monsoon season—that accounts for over 70 percent of India’s annual rainfall—has forced farmers to delay planting. A strong revival in monsoon in July along with a good spatial distribution is needed to ensure that overall output during the kharif season is not hurt significantly, a research note Edwelweiss said earlier.
According to IDFC Bank report by Indranil Pan and Gaura Sen Gupta, the delay in monsoon has hit sowing of pulses, coarse cereals and cotton the most.
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