Quantcast

Commodities





Commodity News

Commodity Prices : MCX, NCDEX, NMCE, Spot Rates

Commodity Trading Tips

For medium and high value investors
For brokers,sub brokers and high value investors
For those who trade in just one commodity
For those who trade in Mini Lots

Equity Trading Tips

Intraday Futures and Option calls
Specially filtered 4 to 7 calls per day
For those who trade in just one commodity

Commodity Outlook

Reports

Last Updated :May 26, 13:58 IST
2936     (0)
952.5     (+16)
3920     (0)
Get MCX/NCDEX/NMCE Futures Rates
Last Updated : 01 July 2009 at 12:35 IST
Follow us on and for updates

Rain delay likely to hit crop size

 SHARE THIS STORY
0
0
Commodity Online
NEW DELHI : Solvent Extractors' Association of India President Ashok Sethia said delay in rainfall is likely to impact crop size and farmers may shift to short-cycle crops like cotton and castor seeds.

"The delay in monsoon has raised concern for several crops sown during the season. The sowing of crops like pulses, oilseeds and maize is already late by over 15 days," he said.



Most of the sowing in India depends on the monsoon as over half of the cultivable land, due to lack of proper irrigation system, is rain-fed.

Any further delay in rainfall is likely to impact the crop size. "Farmers may shift to short-cycle crops like cotton and castor seeds," Sethia said.

Due to delay in arrival of monsoon, sowing of oilseeds of which the domestic production is on the decline, is also delayed. However, there has not been any major impact on the prices of vegetable oils as India depends heavily on imports, Sethia said.

Oilseeds have a cycle of 105-120 days. If the monsoon departs as per its schedule by September 15-30, the yields will be impacted.

For a good oilseed crop, rains should come by June 25 to the central India and by June 30 to northern India, failing which the oilseeds crop may be lower than projected, he said.

NCDEX SILVERSEP2012 03 September 2012 contract was trading at Rs 0 . What's your view on it?
Post your comment  (0)
Connect:
Post to Twitter
Post to Facebook