According to Geojit, After getting their fingers burnt by weak returns from castor and cotton crops, many farmers in Gujarat bet on groundnut this kharif season, a far too many farmers, it seems.
Geojit's report on Agri Picks
After getting their fingers burnt by weak returns from castor and cotton crops, many farmers in Gujarat bet on groundnut this kharif season, a far too many farmers, it seems. The acreage of the oilseed is already one-and-half-times of a year ago and this is singing prices of the oilseed. The country received 5% above-normal rainfall at 9.5 mm on Friday, the India Meteorological Department said. With rainfall above normal for three consecutive days, the overall rains remained at normal levels. States distributed free food grain to 62% of the beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana in July, Food Minister Ram Vilas Paswan said at a virtual press conference today. In August, nearly 2% beneficiaries have received food grain, so far. The National Agricultural Cooperative Marketing Federation of India wrapped up chana procurement for 2020-21 (Apr-Mar) rabi marketing season by Jul 31, an official with the agency said today. It procured 2.14 mln tn chana this year. Area under kharif crop in 2020-21 (Jul-Jun) so far was at 96.6 mln ha as of last week, up by more than 10% from a year ago, according to the farm ministry. Prime Minister Narendra Modi will launched financing facility of 1 trln rupees under the Agriculture Infrastructure Fund. The Fund will help in creation of post -harvest management infrastructure and community farming assets such as cold storage, collection centres, and processing units.
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