India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

Market Indicators

Screen

Boulevard India

Celebrity Chat

Express Computers

Express Power

Letters

Advertisers Forum


Headstart

Business Forum

Lifemate

Zevraat

Columnists

Express Properties

Palki - Travel

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Express Greetings

Graffiti

Cartoon


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Friday, January 1, 1999

Bumper summer grain crop forecast 

Sambit Mohanty  
New Delhi, Dec 31: India is eyeing a bumper summer grain harvest which is expected to more than offset a shortfall in the winter output, agriculture minister Som Pal said on Thursday.Pal told Reuters in an interview the 1998-99 (July-June) crop year's winter grain harvest was expected to be about 101.2 million tonnes, marginally lower than last year's winter output because of delayed and heavy rains.``The delayed rains which affected the winter crop have become a boon for the summer crop,'' Pal said. ``The (sowing) area coverage is the largest ever in India.''``Due to the moisture content which has been left over by the late rains, particularly in the plains of northern and western India, the summer crop is expected to be a bumper one,'' he said.``Given the expectations of a good summer (foodgrain) harvest, agricultural growth should be anywhere between three and four per cent,'' Pal said. India's agriculture sector contracted by 1.5 per cent in 1997-98.

India's four-month monsoon season normally runs fromJune to September. But this year, many regions received heavy rains in October, which analysts say could have been due to the La Nina weather phenomenon.``For the first time we are expecting a situation where the summer foodgrains output would be equal to the winter crop or may exceed it,'' Pal said.The country harvests two crops in the agriculture year which runs from July to June and usually gets the bulk of its output from the winter harvest.Pal said India was expecting a total foodgrains output of more than 200 million tonnes in the 1998-99 (July-June) crop season against 193.12 million tonnes in 1997-98.``Wheat crop should be around 70 million tonnes,'' Pal said, adding that so far wheat had been sown on 21.61 million hectares compared with 19.93 million hectares until the same time last season.India harvested a wheat crop of about 66.05 million tonnes in 1997-98 from 25 million hectares. Wheat sowing is expected to continue for one or two more weeks from now.Pal said the summer oilseeds sowing had alsoprogressed in a ``very healthy manner.'' He did not give details. India harvested 13.05 million tonnes in winter oilseeds this year.He said given the sufficient stocks of foodgrains and expectations of a good harvest, the availability of domestic foodgrains would increase in the coming months.``This year will be certainly better than last year in terms of both production and availability,'' Pal said.

``This should keep agricultural commodity prices stable.''Prices of some farm commodities shot up this year after a slump that showed up in the winter output. This played a key role in raising inflation rates and was one of the factors that led to the ruling Bharatiya Janata Party (BJP) losing a round of provincial elections in November.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties