Topic
weather impact
Commodities Kharif Sowing Gap Narrows Despite Widening Rainfall Deficit, Dolat Capital Report Shows
India's kharif sowing gap with last year narrowed sharply even as the cumulative rainfall deficit widened from 15% on July 8 to 23.8% on July 19, according to a Dolat Capital report. Total kharif acreage reached 658.19 lakh ha as of July 17, with rice nearly catching up to last year's pace, while pulses, coarse cereals, oilseeds, and cotton also reduced their shortfalls. Sugarcane remained ahead of last year.
Commodities El Nino Weakens India Hydropower to Steepest Drop Since Feb 2024, Strains Grid
India's hydropower generation fell more than 20% in June, the steepest year-on-year drop since February 2024, as El Nino conditions caused a 38% rainfall deficit. Reservoir levels are critically low, forcing greater reliance on coal-fired power. The weak monsoon also hurt kharif crop sowing, with oilseeds acreage down 39% and cotton down 23%.
Commodities Hailstorms Impact Kashmir Apple Prices, Insurance Demand Rises
Kashmir's apple prices have surged due to repeated hailstorms causing significant crop damage. The lack of crop insurance exacerbates the financial strain on growers, prompting calls for urgent policy implementation.
Supply Chain India Activates Contingency Plans Amid El Nino Threat
India's agriculture ministry has directed states to implement district-level contingency plans in response to El Nino threats. This move aims to mitigate potential disruptions in the supply chain by ensuring timely advisories and resource availability.
Commodities El Nino Threatens India's Kharif Season Amid Price Concerns
India braces for potential El Nino impacts on the kharif season, with contingency plans in place to mitigate adverse effects. The government aims to ensure seed availability and explore crop diversification.