Advocate for 10 to 11 per cent increase in agricultural commodities

Mumbai, Ta. August 30, 2019, Friday

The prices of agricultural commodities are expected to increase by 3-5% in the current year. During these monsoon years, kharif sowing has been delayed by late monsoon and its impact on production is widespread. In addition, flooding in some areas has also affected the crop.

Sugar production is estimated to be low and sugar cane is expected to increase in the price of sugarcane towards biofuel production, while soybean, paddy and jute prices are likely to remain stable.

However, with the government having sufficient grain stocks and global commodity prices for agricultural commodities soft, food inflation is unlikely to rise significantly. India's food inflation has been stable for the past few quarters.

After three consecutive years of kharif production, the kharif production is expected to decline by 5 to 5 percent in the current year.

The weather forecast is estimated by the private sector to reduce rice, pulses and soybean production. Cotton production is likely to increase. Crop conditions have also been reported in Gujarat, West Madhya Pradesh, West and North Maharashtra and Chhattisgarh and Orissa.

There is no denying that wholesale crop production is likely to remain low due to some crop production and it will also see an increase in farmers' incomes.

Half and mugs of beans in pulses were down by 8 per cent and 0.6 per cent, respectively, while tuwar cultivation remained high by 8.5 per cent. Sources in the Ministry of Agriculture said earlier.