Farmers who had excitedly planted and extended acreages under basmati rice this year have to patch up themselves to lower realisations. Prices of Pusa Basmati-1 paddy the harvesting of which just about has began are currently averaging around Rs 1,800 a quintal in most mandis of North India. There is a similar fall being reported in other aromatic long-grain varieties not technically basmati, such as Sharbati and Sugandha.
According to a field survey-cum-satellite data-based study done for the Agricultural Products Export Development Authority (APEDA), nearly 9.51 lakh hectares (lh) area has sown under basmati this year, which comprises 3.16 lh under traditional cultivars, 5.55 lh under Pusa Basmati-1 and 0.80 lh under Super.
Wednesday, October 8, 2008
Tuesday, October 7, 2008
India Is Likely To Produce Million Tones
India is likely to produce 2.8 million tones(MT) extra grain in 2008-09 provided farmers increase the area by a million hectare. India has harvested a record 78.4 million tones (MT) wheat last year. The average wheat productivity at national level is about 2.8 tonnes per hectare as per the fourth advance estimates for 2007-08.Last week, the Agriculture Secretary had said the government targets to increase the wheat acreage by one million hectares in 2008-09. The government has set a wheat production target at 78.5 MT, up by 100,000 tonnes from the previous year.
Saturday, October 4, 2008
Spot Rubber Prices Declined Deep
Spot rubber prices declined deep in to the minus territory on Oct 3. Sheet rubber RSS 4 fell to Rs 106 from Rs 112 a kg on Oct 1. The grade fell to Rs 120.05 (124.71) a kg at Bangkok.Spot rates were (Rs/kg): RSS-4: 106 (112); RSS-5: 104.50 (110); ungraded: 100 (105); ISNR 20: 102.50 (109) and latex 60 per cent: 76 (76).
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