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JUST IN
 * Edible oil makers to remove packing temp details to curb unfair practices
 * India's July soyoil imports jump to record on duty free buying-dealers
 * 'Deficit in paddy coverage to be recovered with monsoon progressing fast'
 * No adverse impact of wheat ban on farmers; domestic prices above MSP: Tomar
 * 'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'
 * Centre advances paddy procurement in Tamil Nadu to September: Tomar
 * Asian palm buyers replenish inventories as prices correct to one-year low
 * Adani Wilmar's 'Fortune' cuts prices of edible oil by up to Rs 30 per litre
 * No proof that commodity derivatives trade causes price spikes, finds study
 * India's broken rice exports had gained over 90% in FY22, shows data


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You are here: Home » Markets » Commodities » Food & Edible Oils

 * 




FLEXIBLE WORKSPACE LEASING BY CORPORATES UP 59% IN APR-JUN TO 28K DESKS




GOYAL CALLS FOR PRIVATE SECTOR'S CONTRIBUTION IN BOOSTING COTTON PRODUCTION



Business Standard


'DEFICIT IN PADDY COVERAGE TO BE RECOVERED WITH MONSOON PROGRESSING FAST'


AGRICULTURE COMMISSIONER A K SINGH HAS SAID THERE IS A SLIGHT DEFICIT IN PADDY
COVERAGE IN THE ONGOING KHARIF SEASON MAINLY IN EASTERN INDIA, BUT IT WILL BE
RECOVERED WITH MONSOON PROGRESSING FAST.

Topics
Paddy procurement | Paddy | Kharif season

Press Trust of India  |  New Delhi  Last Updated at July 24, 2022 17:06 IST



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 * ALSO READ
   
   
   OVERALL KHARIF SOWING IMPROVES EVEN AS PADDY AND ARHAR REMAIN MUTED
   
   
   UNEVEN MONSOON TO BE BLAMED FOR LAG IN KHARIF SOWING, SAY EXPERTS
   
   
   KHARIF MSP HIKED 4-9% FOR 2022-23 SEASON, LARGEST SPIKE IN PULSES, OILSEEDS
   
   
   KHARIF SOWING DRAGS DESPITE PICK UP IN RAINS; PADDY WORST-HIT WITH 24% DROP
   
   
   GOVT HIKES MSP FOR PADDY, OTHER KHARIF CROPS AS SOWING SEASON BEGINS

 * 

Agriculture commissioner A K Singh has said there is a slight deficit in paddy
coverage in the ongoing kharif season mainly in eastern India, but it will be
recovered with monsoon progressing fast.

In the southern region, paddy has been planted in a significant area buoyed by
good and well-distributed rainfall. In Punjab, Haryana and western Uttar Pradesh
too, there is no cause of concern as of now as the sowing is normally undertaken
much in advance with the help of tubewell irrigation, he said.

The government has not released the latest data of paddy sowing, but the data
available till July 17 showed all-India paddy coverage to be down by 17.4 per
cent at 128.50 lakh hectare so far this kharif season as against 155.53 lakh
hectare in the corresponding period of the previous year.

The sowing of kharif crops begins with the onset of the southwest monsoon in
June. Paddy is a major kharif crop. The India Meteorological Department (IMD)
has projected a normal southwest monsoon this year.

While the cumulative rainfall remained 11 per cent higher across the country
during June 1 to July 20 period of the ongoing monsoon season, there was 14 per
cent less rainfall in east and north east India and 9 per cent lower rains in
north west India in the said period, as per the IMD.

Speaking to PTI, the agriculture commissioner said, "I sincerely hope that the
situation should be normal in terms of sowing. In due course of time, there will
be recovery also. The planted paddy crop should survive as rains have started
everywhere."

There is "still time to recover in terms of area coverage under paddy as monsoon
is progressing and advancing fast", he said.

While there is a slight deficit in paddy coverage especially in eastern India,
including eastern and central Uttar Pradesh, but with rains now catching up that
area will be recovered, he added.

"Coming to eastern part, there is some deficiency, but I say it will all be
recovered," Singh said and added, a period up to July 15 is a window for normal
planting in eastern part and a two-three days of delay does not make much
difference.

The deficit in paddy coverage so far in eastern states was due to delayed
monsoon. "But rains are coming now and compensating. So, planting will be
recovered," he said.

Normally, farmers grow nursery on assured irrigation in this region. Some
farmers have grown a nursery, while some have already transplanted. "Now rains
are catching up in this region also. The area will be recovered," he added.

At the same time, there are other options for farmers in case they are not able
to transplant paddy, the agriculture commissioner said they can either go for
direct seeding rice method or grow maize which is an evergreen crop.

In case of a longer delay of monsoon, farmers can grow early mustard and turiya
crops, he said.

According to IMD, there was 68 per cent deficit rains in Uttar Pradesh, 51 per
cent in Jharkhand, 49 per cent in Bihar, 40 per cent in Manipur, 30 per cent in
Tripura, 27 per cent in West Bengal, 22 per cent in Delhi, 21 per cent in
Mizoram, 18 per cent in Nagaland, and 16 per cent in Uttarakhand till July 20 of
the current season.

The agriculture commissioner said Haryana, Punjab and western Uttar Pradesh are
basically tubewell irrigated states. Farmers here undertake sowing well in time
and have got resources to safeguard the crops.

"Hopefully there should not be any downfall in production in these states. Now
the rains have started. If plants survive with help of tubewell irrigation, they
can very easily catch up with normal production," he said.

There is no deficit in paddy coverage so far in the southern region. The
southern states have received good and well-distributed rains and paddy has been
sown in a significant area, he added.

The government has kept a rice production target of 112 million tonnes in the
ongoing kharif season of the 2022-23 crop year (July-June).

(Only the headline and picture of this report may have been reworked by the
Business Standard staff; the rest of the content is auto-generated from a
syndicated feed.)




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Read our full coverage on Paddy procurement
First Published: Sun, July 24 2022. 17:06 IST
 * Read More On
 * Paddy Procurement
   |
   Paddy
   |
   Kharif Season
   |
   Markets
   |
   Food & Edible Oils



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 * Shares of these two Tata Group firms zoomed up to 60% in last one week

 * Analysts bet on consumer financiers as festive cheer perks up loan demand

 * Gold, silver fall in early trade; yellow metal trading at Rs 50,620/10 gm

 * MARKET LIVE: Sensex erases early gains, down 100pts; Nifty50 below 18,000

 * Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

More >

 * Members of Indian diaspora have been admirable ambassadors of country: PM

 * PM Modi to leave for SCO summit today; will meet Russian Prez Putin

 * Plea filed in Mathura court for removal of mosque on temple land claims

 * Two terrorists involved in migrants' deaths killed in Srinagar encounter

 * Congress' Bharat Jodo Yatra to resume on Friday after one-day break

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 * Use the rally in Vedanta to exit the stock: Analysts

 * Global fund managers 'super bearish'; cash allocation at 20-year high: BofA

 * Stock of this specialty chemicals company zoomed over 100% in five weeks

 * Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

 * Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time

 * Use the rally in Vedanta to exit the stock: Analysts

 * TVS Motor zooms 109% from March'22 low; m-cap crosses Rs 50,000 crore

 * This Ashish Kacholia-owned chemical stock has zoomed 100% in two months

 * Fund houses set to launch a slew of target maturity funds in coming months

 * Shares of these two Tata Group firms zoomed up to 60% in last one week

 * Export ban, duties to weigh on rice mill stocks in near-term, say analysts

 * Nifty reclaims 18K mark, settles at 8-month high; FPIs pump in Rs 1,956 cr

 * Analysts bet on consumer financiers as festive cheer perks up loan demand

 * Smaller i-banks join big-fat IPO party; large players get picky

 * Oil prices creep higher on robust global demand, rate hike outlook







DERIVATIVES

 * INDEX
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IndexSelectNifty 50Nifty BankNifty FinancialNifty Midcap Sel

Instrument Type SelectFuturesOptions

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Option Type SelectCallPut

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MARKET NEWS

 * Here's why Vinay Rajani recommends buying HG Infra, Kaveri Seeds
   
   The technical analyst from HDFC Securities expects the Nifty to find support
   around 17,450-odd levels.

 * MFs pump Rs 22,000 cr into stocks in March amid extreme market volatility
 * Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case
 * Sebi fines Yug Securities Rs 3 lakh in co-location matter
 * Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack

» More







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INDEX STOCKS

 * Adani Ports
 * Apollo Hospitals Enterprise
 * Asian Paints
 * Axis Bank
 * B P C L
 * Bajaj Auto
 * Bajaj Finance Ltd
 * Bajaj Finserv
 * Bharti Airtel
   
 * Britannia Industries
 * Cipla
 * Coal India
 * Divi's Laboratories
 * Dr Reddy's Labs
 * Eicher Motors
   
 * Grasim Inds
 * HCL Technologies
 * H D F C
 * HDFC Bank
 * HDFC Life Insurance Company
 * Hero Motocorp
 * Hind. Unilever
 * Hindalco Inds.
 * ICICI Bank
 * IndusInd Bank
 * Infosys
 * ITC
 * JSW Steel
 * Kotak Mah. Bank
 * Larsen & Toubro
 * M & M
 * Maruti Suzuki
 * Nestle India Ltd.
 * NTPC
 * O N G C
 * Power Grid Corpn
 * Reliance Inds.
 * Shree Cement
 * St Bk of India
 * SBI Life Insurance
 * Sun Pharma. Inds.
 * Tata Consumer Products
 * Tata Motors
 * Tata Steel
 * TCS
 * Tech Mahindra
 * Titan Company
 * UltraTech Cement Ltd
 * UPL Ltd
 * Wipro
   
   





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