TS records bumper paddy harvest

  • With monsoon around the corner, a farmer tills land for kharif sowing on the outskirts of Hyderabad on Saturday.G. Ramakrishna  

    37 lakh tonnes already procured at market yards

    Against the backdrop of all time high production of paddy in Telangana this year, Chief Minister K. Chandrasekhar Rao has asked officials to make remittances to farmers as and when the produce is procured and not to take into consideration the amount of payment for procurement. At a meeting with civil supplies officials today, Mr. Rao said the government is set to mobilise funds for whatever quantity of paddy that the farmers might dispose of at procurement centres. But, they must take steps to ensure that the money reaches farmers immediately without any delay. He noted that though the money was released at the government level, it took some time for farmers to access the same. Hence, necessary steps must be taken to check the delay, he said. The officials, led by Civil Supplies Commissioner C.V. Anand, informed Mr. Rao that the department had already procured 37 lakh tonnes of paddy so far this year against only 9 lakh tonnes last year. Another 2 lakh tonnes of paddy is likely to arrive at the market yards. The previous high of 17 lakh tonnes of paddy was procured in Telangana in 2013-14. The State is heading for a two-and-a-half fold higher purchase this year. Against 37 lakh tonnes sold by farmers already, the bill came to Rs. 5,300 crore but the government cleared Rs. 4,000 crore. Mr. Rao asked officials to pay the balance Rs. 1,000 crore immediately without waiting for dues to be received from the Food Corporation of India for purchases made in the State. The government will furnish guarantee for the amount. He insisted on immediate payment to farmers because they will require input cost immediately for the ensuing kharif. The payments to farmers must be monitored by officials at the State-level, Mr. Rao said.
  • India on pace for record rice procurement

  •  rice
    WASHINGTON, D.C., U.S. — Riding on expected record harvest, India’s rice procurement already has surpassed the previous record of 36 million tonnes in market year 2009-10. The country’s rice procurement through May 24 is estimated at 36.9 million tonnes compared to 32.6 million tonnes during the corresponding period last year, according to a May 19 report from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). With additional procurement of rabi and summer rice expected to continue in eastern and southern states, India’s rice procurement in market year 2016-17 is likely to touch a record 38 million tonnes, about 4 million tonnes higher than last year and 2 million tonnes higher than the previous record. The USDA estimates India’s market year 2016-17 rice production at a record 108 million tonnes. Market year 2016-17 area is revised lower to 42.9 million hectares based on the revised official estimates from the Ministry of Agriculture. Consequently, market year 2016-17 rice yields are estimated at a record 2.51 tonnes per hectare. According to the USDA report, the normal 2016 monsoon supported timely planting, lower incidence of pest and diseases, and relatively lower harvest losses due to untimely rains at the time of harvest. The relatively higher share of high yielding non-Basmati rice compared to the long grain Basmati rice supported higher rice production in the north Indian states. Indian rice exports have been strong since the beginning of calendar year 2017 on relatively strong demand for non-Basmati rice, mainly from African countries and neighboring Bangladesh. According to preliminary official statistics, rice exports from October 2016 to March 2017 were estimated at 5.2 million tonnes compared to 4.8 million tonnes for the corresponding period last year, largely on strong resurgence in the demand for both Basmati and non-Basmati rice since December 2016. Assuming no significant changes in the price parity for Indian rice during the remaining marketing year, market year 2016-17 exports are likely to reach 11 million tonnes compared to 10.2 million tonnes in the previous year. However, any change in the import policy of the major destination country or in the value of the Indian rupee against the U.S. dollar may affect the export prospects in the second half of the marketing year. Market year 2017-18 rice exports are forecast at 10 million tonnes on sufficient domestic supplies, assuming continued export demand and international price parity for Indian rice. 
  • Basmati exporters expect higher output on good monsoon forecast

  • No change seen in shipment volumes; basmati output in the country is roughly 6.6 million tonnes

    Branded basmati sales to touch 2.9 mt
    The forecast of a good monsoon and projected rise in basmati sowing is likely to mean more earnings for its exporters in the current season, though the volume of shipments is not expected to change.
     
    Of all production, basmati accounts for about 6.6 million tonnes (mt); last year's sowing was on 1.6 mn hectares.
     
    This year’s monsoon forecast and farmers' better realisation last year is projected to result in more sowing. That translates to a lower purchase price for processors and exporters. The volume of export is not expected to go up, due to difficult economic conditions in the key of the and European Union.
     
    In 2016-17, basmati export was about four mt, with almost 80 per cent to the countries, and Iraq. “Our projection is that export would remain at last year’s level; new have not been explored,” says Gurnam Arora, joint managing director, Kohinoor Foods, which send out 150,000 tonnes a year.
     
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    The domestic basmati is also expanding and likely to see close to five per cent growth this financial year.
     
    “China is a big and if we are able to and distribute our product properly, it would expand export volumes significantly,” Arora added.
     
    R Sundaresan, executive director, All India Rice Exporters Association, said Haryana and Punjab accounted for 40-45 per cent of total basmati production, followed by Uttar Pradesh at 10-15 per cent. In UP, sowing is likely to expand by almost 30 per cent, feels UP Rice Millers’ Association patron Sanjeev Agarwal.
     
  • India facing higher monsoon rains than forecast – IMD chief | Reuters

  • By Mayank Bhardwaj and Sudarshan Varadhan | NEW DELHI NEW DELHI India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the India Meteorological Department (IMD) said on Tuesday, raising prospects of higher farm and economic growth.The IMD on April 18 forecast this year's monsoon rains at 96 percent of the 50-year average of 89 cm."Things have changed for the good since then," K.J. Ramesh, director general of the IMD, told Reuters in an interview.The monsoon delivers about 70 percent of India's annual rainfall, critical for growing crops such as rice, cane, corn, cotton and soybeans because nearly half of the country's farmland lacks irrigation."We assessed 96 percent based on the climatological conditions up to March. Now, conditions are becoming favourable for an improvement over our April 18 estimate," Ramesh said. Australia's Bureau of Meteorology recently said there were signs of concerns easing over El Nino. El Niño, a warming of ocean surface temperatures in the eastern and central Pacific that typically occurs every few years and was linked to crop damage, fires and flash floods, faded in 2016.The establishment phase of the monsoon north of the equator has already started, and the Indian Ocean Dipole phenomenon - which counters the impact of an El Nino - will have an incremental positive effect on the Indian monsoon, Ramesh said.Pre-monsoon showers have already hit certain dry areas in the southern part of the country, he said, bringing much needed relief to farmers ahead of the start of the four-month monsoon season beginning June. India defines average, or normal, rainfall as between 96 percent and 104 percent of the 50-year average.NEW PREDICTION MODEL Jettisoning a statistical method introduced under British colonial rule in the 1920s, the India Meteorology Department has for the first time relied on the so-called dynamic model to improve the accuracy of one of the world's most vital weather forecasts. The new system, based on a U.S. model tweaked for India, requires large computing power to generate three-dimensional models to help predict how the monsoon is likely to develop.Experts say better forecasting could help India raise its farm output by nearly 15 percent, by helping farmers tweak the best time to sow, irrigate or apply fertiliser and if rains fail, plan state-wide measures. This would be a major boon for a country already either the world's biggest or second-biggest producer and consumer of rice, wheat, sugar and cotton.Higher farm output will raise the income of some 600 million people, who depend on farming for their livelihood, and boost demand for an array of goods and services. (Reporting by Sudarshan Varadhan and Mayank Bhardwaj, editing by David Evans) This story has not been edited by Firstpost staff and is generated by auto-feed
    Published Date: May 10, 2017 12:15 am | Updated Date: May 10, 2017 12:15 am
  • Poor offtake by Iran dents India’s basmati Rice exports

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    Commodity OnlineIndia, May 3 -- India&#39 s Basmati Rice exports dropped 7% in dollar terms at $3. 2 billion in 2016-17 financial year as against the previous year s $3.47 billion according to provisional data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).In volume terms basmati shipments were estimated at 3.99 million tonnes against 4.04 million tonnes.The dip in basmati shipments mainly due to the reduced offtake from Iran the largest buyer APEDA noted.Non-basmati Rice shipments grew 10.5% in value at Rs.17 122 crore as against Rs.15 483 crore in FY2015-16 . In volumes the non-basmati rice shipments were up at 6.81 million tonnes against 6.46 million tonnes in the previous year.Overall Rice shipments exceeded 10.81 million tonnes about 3% higher than the previous year s 10.50 million tonnes APEDA said. Published by HT Digital Content Services with permission from Commodity Online. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com