A spell of dry weather due to the El Niño and the weak monsoon in areas where almonds and pistachios and pulses and oilseeds are grown could hurt yields and boost prices.
Private weather forecaster Skymet may revise its monsoon forecast by the end of this month as it expects July rains to be less than its earlier forecast.
Planting in Gujarat will be done on 7.6 million hectares, with oilseeds at 2.51 million hectares and cotton on 2.6 million hectares.
While onion is selling at Rs 1,800- Rs 2,500 a quintal in different wholesale mandis, the retail vendors are charging upwards of Rs 35 a kg.
India’s basmati rice exports are unlikely to be affected following the Iran nuclear deal agreement, although there could be other setbacks.
Declining value of euro has hit exports of various commodities to the European countries, which account for a significant share of Indian exports.
The “inspector raj” needs to be abolished in favour of a “registration raj,” according to food processing minister Harsimrat Kaur Badal.
The fear is so pervasive in the food processing industry that lobby groups are unwilling to raise the matter fearing reprisals, said Harsimrat Kaur Badal.
Rainfall in the past one week has helped increase area under kharif crops, according to official data. Planting of oilseeds and coarse cereals has risen sharply.
According to the weather office on Thursday, rainfall in the past day was 44 per cent below normal, continuing the weak phase that began after June 25 .
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