{"id":128737,"date":"2022-08-09T14:57:27","date_gmt":"2022-08-09T14:57:27","guid":{"rendered":"https:\/\/fin2me.com\/?p=128737"},"modified":"2022-08-09T14:57:27","modified_gmt":"2022-08-09T14:57:27","slug":"falling-paddy-acreage-sparks-concerns","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/falling-paddy-acreage-sparks-concerns\/","title":{"rendered":"Falling paddy acreage sparks concerns"},"content":{"rendered":"

The area under paddy — the biggest foodgrain during the kharif season — was almost 13 per cent lower in the week ended August 5 as compared to the same period last year despite a slight pick-up in rains in the main growing regions, triggering fears of a 10-12 million-tonne drop in final output.<\/p>\n

<\/p>\n

Sources said with the peak sowing season for paddy almost coming to an end in the big-growing states, any uptick in coverage from here onwards may not give the desired yields.<\/p>\n

With 30 per cent of normal average area in which paddy is grown every year remaining unsown till early August, there is a limited chance of a big uptick in output, trade and market sources said.<\/p>\n

In the previous kharif season, India produced over 111 million tonnes of rice.<\/p>\n

In several states, farmers have already moved on to other short-duration crops such as pulses and coarse cereals abandoning paddy.<\/p>\n

According to the India Meteorological Department (IMD), between June 1 and August 8, the southwest monsoon is around 7 per cent more than normal (cumulatively across the country).<\/p>\n

However, in major paddy-growing states of UP (-40 per cent), West Bengal (-25 per cent), Jharkhand (-48 per cent), Bihar (-35 per cent) and Odisha (-9 per cent), the rains are woefully short.<\/p>\n

Together, the five states account for more than 40 per cent of India’s total annual rice production, estimated to be over 120 million tonnes.<\/p>\n

Less paddy acreage has been reported from West Bengal (1.2 million hectares), Jharkhand (0.93 million hectares), Bihar (0.48 million hectares) and Chhattisgarh (0.43 million hectares).<\/p>\n

The situation is similar in Uttar Pradesh (0.38 million hectares), Madhya Pradesh (0.37 million hectares), Odisha (0.35 million hectares) and Telangana (0.28 million hectares).<\/p>\n

India, the world’s second-largest producer and top exporter of rice, commands a 40 per cent share in global rice trade.<\/p>\n

It exported 21.2 million tonnes of rice in 2021-22, of which 3.94 million tonnes was the basmati variety.<\/p>\n

The weekly data also showed that apart from paddy, area sown under pulses is down marginally to 11.64 million hectares down from 11.94 million hectares.<\/p>\n

However, the acreage under coarse cereals, oilseeds, cotton, sugarcane and jute as well as mesta is higher till August 5, 2022, as compared to last year.<\/p>\n

For most crops, the sowing is almost over.<\/p>\n

Data showed that the acreage of coarse cereals increased to 16.03 million hectares up from 15.44 million hectares.<\/p>\n

Oilseeds sowing area was up at 17.47 million hectares till August 8, from 17.38 million hectares last year.<\/p>\n

Cotton sowing increased to 12.12 million hectares, up from 11.35 million hectares.<\/p>\n

Total area under coverage for all kharif crops was down at 90.86 million hectares till August 5, against 93.66 million hectares during the same period last year.<\/p>\n

On the back of bumper production and high procurement in the last few years, the Centre is sitting on a stock of 47 million tonnes of rice (including rice equivalent of unmilled paddy) as on July 1.<\/p>\n

This is against the buffer norm of 13.5 million tonnes.<\/p>\n

The Centre can use rice from its own godowns to intervene in the market, in case of price rise.<\/p>\n

Already, the Centre is supplying more rice instead of wheat through ration shops.<\/p>\n

This is because its procurement of wheat fell sharply to 19 million tonnes this year from 43 million tonnes last year.<\/p>\n

Armed with high levels of stock in the central pool, the government is providing rice at Rs 3 per kg under the food law and free of cost under the Prime Minister Garib Kalyan Anna Yojana (PMGKAY) to around 800 million people, incurring huge amounts of subsidy.<\/p>\n

The PMGKAY is valid till September and it will be interesting to see whether the government further extends it or not, given the tight stock situation in wheat.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The area under paddy — the biggest foodgrain during the kharif season — was almost 13 per cent lower in the week ended August 5 […]<\/p>\n","protected":false},"author":3,"featured_media":128736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nFalling paddy acreage sparks concerns - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/falling-paddy-acreage-sparks-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling paddy acreage sparks concerns - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The area under paddy — the biggest foodgrain during the kharif season — was almost 13 per cent lower in the week ended August 5 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/falling-paddy-acreage-sparks-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T14:57:27+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/08\/Falling-paddy-acreage-sparks-concerns.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/falling-paddy-acreage-sparks-concerns\/\",\"url\":\"https:\/\/fin2me.com\/business\/falling-paddy-acreage-sparks-concerns\/\",\"name\":\"Falling paddy acreage sparks concerns - 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