Stock Trading Tips Commodity Update- Pulses, Cereals sowing down in 2018 rabi season
Fall in prices of Coarse Cereals and Pulses in the kharif season have apparently made the farmers cautious of sowing these crops in the rabi season. While the overall rabi sowing itself is down 16% from the year-ago period as farmers face a cash crunch, acreage of Coarse Cereals by November 16 was almost half the level a year ago at 16.27 lakh hectares.
At 69.95 lakh hectares, the area under Pulses also remains 18% less than the level by this time in the last rabi sowing season.
According to weekly data released by the agriculture ministry, sowing of Wheat, the main rabi Cereal, was also 5% lower at 51.63 lakh hectares by November 16.
The area under Coarse Cereals such as Maize, Jowar, and Barley also declined 45% at 16.27 lakh hectare. The sowing area under winter Rice too was down by 25% at 6.41 lakh hectare.
Since Kharif prices are lower, many farmers hold their crops expecting rates to go up. This reduces their purchasing power to buy inputs such as seeds and fertilizers for rabi sowing.
The rabi sowing usually gets over by the end of December, a third of the sowing used to be completed by mid-November.
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