India’s record high prices spur wheat sowing, area up nearly 11% y/y
Indian farmers have planted wheat on 15.3 million hectares since Oct. 1, when the current sowing season began, up nearly 11% from a year ago, the government data showed on Friday, as record high prices have encouraged planting.
Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, to 7.1 million hectares as of Nov. 25, up from last year’s 6.2 million hectares, the Ministry of Agriculture & Farmers’ Welfare said in its weekly update of sowing data.
An intense spell of post-monsoon rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, farm experts and growers say.
Govt’s paddy procurement up 9 pc at 306 lakh tonnes so far this year
The government’s paddy procurement for the central pool rose over nine per cent to 306.06 lakh tonnes so far in the ongoing 2022-23 kharif marketing season, according to the food ministry data. Higher quantities of paddy were purchased from Punjab, Haryana, Chhattisgarh and Telangana.
Normally, paddy procurement begins immediately after the withdrawal of the Southwest monsoon from October onwards. However in southern states, especially in Kerala and Tamil Nadu, it begins from September.
The government aims to procure 775.72 lakh tonnes of paddy in the 2022-23 kharif marketing season (October-September). The actual procurement stood at record 759.32 lakh tonnes in the previous kharif marketing season.
Reinventing Indian agriculture throught IoT and AI
Conducive policy environment, advanced technology can help agriculture as climatic conditions have turned unpredictable
Over the last decade, the Indian agri ecosystem has gone through a rapid transformation, made possible due to the emergence of agtech segment, which has created investment opportunities. It has resulted in production increasing and logistics turning efficient. Advances in agtech are hugely relevant to the country’s economy today. The agriculture sector, which is worth $370 billion, continues to remain the primary source of livelihood for more than 40 per cent of the population while contributing 19.9 per cent (FY 2021) to the national GDP. The agtech segment, in particular, has attracted a surge of start-ups that are offering technology-based solutions, thereby allowing large-scale traditional enterprises to focus on increasing operational efficiencies.
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