Farmers Planted 10% Lesser Summer Crops Than Last Year As Monsoon Recedes
Farmers have planted 49.9 million hectares (123 million acres) with summer crops, down 10.43 per cent from a year earlier, according to the Ministry of Agriculture & Farmers' Welfare, as monsoon rains taper off after a strong start last month.
Farmers typically start planting summer-sown crops on June 1, when monsoon rains usually reach India. Planting then continues until early August.
Planting of rice, the key summer crop, was at 11.5 million hectares as of July 9 versus 12.6 million hectares in the previous year, the ministry said. The area planted with cotton was at 8.6 million hectares versus 10.5 million hectares the prior year.
Planting of overall oilseeds, including soybean - the main summer oilseed crop - was at 11.2 million hectares, down from 12.6 million hectares the previous year.
Soybean sowing was at 8.2 million hectares against 9.2 million hectares last year. India is the world's biggest buyer of cooking oils.
Sugarcane sowing in the world's second biggest sugar producer was almost unchanged at 5.3 million hectares.
Farmers planted protein-rich pulse on 5.2 million hectares against 5.3 million hectares in the previous year. The figures are provisional and subject to revision as the June-September monsoon season progresses.
India, one of the world's top agriculture producers, has received five per cent below average rainfall since June 1, when the four-month rainy season began. Monsoon rains were 46 per cent below average in the week to July 7.
The state-run weather office defines average, or normal, rainfall as between 96 per cent and 104 per cent of a 50-year average of 88 cm for the entire season.
Monsoon rains, which turned patchy at the tail-end of June, will pick up later this week, India's top weather official told Reuters in an interview on Wednesday.
Nearly half of India's farmland has no irrigation and is dependent on monsoon rains that account for 70%-90% of annual rainfall. Farming contributes almost 15 per cent to the country's $2.7 trillion economy.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.