An official from the UP govt, largest sugar producing state, said that in 2016-17 sugar season, production may total 8.1 million tonnes from an earlier estimate of 7.7 million tonnes, with increase in yields.
The area under cultivation jumped to 31.31 million hectare this year till Jan 20. The normal area under wheat planting (five-year average) is 30.41 million hectare.
Sugar prices have risen by more than 5% in January to touch Rs 40 a kg in the wholesale market in Mumbai, as supply is expected to dwindle due to cane shortage.
Chana dal was always the common man’s dal but in Delhi’s retail market, it is selling at Rs 185-225 a kg, three times the price of yellow peas which is Rs 60-65 a kg.
Iran is one of the largest importers of Indian basmati rice in recent years, and the prospect of high sales has raised prices in the Karnal mandi by Rs 200-300 per quintal for the popular 1121 basmati (sela) rice.
Prices are expected to remain bullish with farmers holding the crop due to lack of cash flow in the market, said trader and ginners.
Dry weather conditions in November-December have not made any major impact on the total area covered under rabi, or winter-sown, crops this year.
Both India and Pakistan have claimed geographical indication on aromatic long grained basmati rice, saying the variety is unique to the respective countries.
Rabi planting is expected to continue till the month’s end. The government has set a rabiseason crop planting target of 638.37 lakh hectares.
"Unlike all previous governments who lost popularity in two to two-and-half years, the Modi government’s popularity is rising," says Paswan.
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