Punters who went by the official forecast have lost money, but those who trusted their instincts and bet on weak rainfall have made a killing.
Worried over the slow progress of the monsoon, KV Thomas held a meeting on Thursday on the likelihood of less rains and subsequent drought-like situation this year.
Rural development ministry has, agreed to food ministry's proposal of bringing construction of food storage godowns in rural areas under NREGA.
Even as monsoon plays waiting game with the north and north-western parts of the country, the government has geared up for cultivation in this kharif season.
Even before the possible threat of El Nino in the latter half, the building up of the negative Indian Ocean Dipole event over the Indian Ocean is expected to weaken the monsoon.
IMD expects the rain-bearing clouds to advance vigorously from June 17 and trigger planting of key summer crops.
The Union cabinet is likely to decide on Thursday the minimum support price for crops planted during this year's kharif season.
Monsoon rains have stumbled again after a late onset and been confined to a narrow coastal belt for six days, delaying crop planting.
Despite significant drop in daily arrival of wheat in major producing centres of Punjab and Haryana, the procurement has touched a record level of 35. 73 million tonnes.
Rising fertiliser prices may lead to a drop in demand by 10-15 % this kharif season. The impact will be more on diammonium phosphate.
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