Wheat import looms large as unseasonal rains hit output

Agriculture minister says fall in wheat production could touch 5 percent

GN Bureau | April 7, 2015


#wheat   #import   #unseasonal rains   #rabi   #kharif crop  


India imported 80,000 tonnes of Australian wheat recently, the biggest in the last five years due to unseasonal rains, and it may to resort to more imports as country’s wheat output in 2015 likely to fall again.

"There's some initial reports that suggest wheat output could drop by 4 percent to 5 percent due to unseasonal rains," agriculture minister Radha Mohan Singh said on Tuesday. He was addressing a conference on kharif crops. India has been hit by unseasonal rains during the harvest season.

In February, the ministry's initial estimate put this year's wheat production at 95.76 million tonnes compared with 95.85 million tonnes in 2014. These figures are going to change because the country went through the unseasonal rain cycle again in March. India happens to be world’s second largest wheat producing country.

Unseasonal rains and hailstorms have damaged rabi crops in about 11.3 million hectares of crop area in the country. Total cultivable area in rabi season stands at 60 million hectares, the Minister said.

The government has set up an informal group of ministers, headed by Home Minister Rajnath Singh, to look into the issue of raising cap of financial assistance given to farmers whose crops have been affected due to unseasonal rains and other natural calamities.

Meanwhile, according media reports Food Corporation of India has refused to procure wheat damaged by rain. FCI officials say they will not procure damaged wheat at minimum support price (MSP) as the crop's quality is very poor.

The corporation has already rejected wheat crop from Kota in Rajasthan where recent rains and hailstorm damaged the crop. FCI which procures wheat from farmers at MSP of Rs 1450 per quintal rejected a large quantity of the produce on the ground that it has lost lustre and does not meet quality norms.

While some farmers are protesting, others have been forced to sell wheat in open market for up to Rs 1390 per quintal.

Comments

 

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter