Poor monsoon conditions and delay in paddy sowing has not affected the India’s rice procurement target as it has been fixed at 30 million tons (mt) in the marketing season 2014-15 beginning October announced on Monday at a meeting of State Food Secretaries.
The new target exceeds last year’s actual kharif procurement. India’s 2013-14 procurement target stood at 32 mt against an actual kharif procurement of 26 mt.
Fears of drought had raised its head during June but later a revival in monsoon eased the drought-scare. Experts have pointed out August rains are key for India’s agriculture scenario. Pulses and coarse cereals were hit due to the weak monsoons.
According to IMD, active monsoon conditions with normal to above normal rainfall conditions are likely over most parts of the country outside south east Peninsula for most of the days till 19 August, 2014.