June rainfall may aid summer crop sowing

June rainfall may aid summer crop sowing

Thomas Kutty Abraham
Updated25 Jun 2007, 11:59 PM IST

Mumbai: India has so far received more rainfall this month than a year earlier, likely spurring the sowing of summer crops such as rice, cotton, soybean and peanuts.

The deficit since 1 June was 2% compared with 13% a year ago, M. Rajeevan, director at the India Meteorological Department’s National Climate Centre, said.

The timing of the monsoon rain is crucial for India’s 234 million farmers. A bigger harvest of soybean and peanuts may reduce the need for the country to import palm oil from Malaysia and soyabean oil from Argentina and Brazil. India is the world’s second biggest buyer of cooking oil and almost 80% of its oilseeds crop is rain-fed.

“Rainfall in June was certainly better this year and heavy rains in the past two days would have wiped out any deficit,” Rajeevan said. July will be even more crucial and the outlook so far has been good.” Rainfall in July makes up a third of the June to September rainy season.

Monsoon rains have covered Maharashtra, parts of Gujarat, Orissa, Jharkhand, Uttar Pradesh and Rajasthan, the weather bureau said on its website. Maharashtra and Gujarat are India’s biggest cotton producers, while Madhya Pradesh is the largest grower of soybeans. Gujarat is also India’s biggest grower of peanuts, the nation’s main summer oilseed crop.

India imported 494,184 tonnes of cooking oil in May, 24% more from a year earlier, as demand rose amid dwindling supplies, the Solvent Extractors’ Association had said on 14 June.

Output of oilseeds may fall 16% to 23.62 million tonnes in the year to June from a year ago, the government had said on 6 February.

Torrential rain that disrupted rail traffic in Mumbai and delayed flights from India’s financial hub since Saturday night may abate, starting Monday, as the weather system that caused the downpour has moved towards West Asia, Rajeevan said. Mumbai received about 6.7 inches of rain since the night of 23 June.

Rainfall in the monsoon season will be 95% of the average reported between 1941 and 1990, a level deemed normal, the weather office had said on 19 April.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:25 Jun 2007, 11:59 PM IST
Business NewsOpinionOnline-viewsJune rainfall may aid summer crop sowing

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bharat Electronics

    279.05
    02:33 PM | 9 SEP 2024
    -4.6 (-1.62%)

    Tata Steel

    149.30
    02:33 PM | 9 SEP 2024
    -1.95 (-1.29%)

    Oil & Natural Gas Corporation

    296.00
    02:33 PM | 9 SEP 2024
    -12.9 (-4.18%)

    State Bank Of India

    783.15
    02:33 PM | 9 SEP 2024
    0.55 (0.07%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Jubilant Pharmova

    1,038.80
    02:31 PM | 9 SEP 2024
    86.9 (9.13%)

    Alembic Pharmaceuticals

    1,182.65
    02:30 PM | 9 SEP 2024
    75 (6.77%)

    Tata Elxsi

    7,915.05
    02:30 PM | 9 SEP 2024
    326.4 (4.3%)

    Glenmark Life Sciences

    1,197.45
    02:22 PM | 9 SEP 2024
    47.9 (4.17%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      73,360.000.00
      Chennai
      73,310.000.00
      Delhi
      73,460.000.00
      Kolkata
      73,310.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.85/L0.09
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      HomeMarketsPremiumInstant LoanMint Shorts