IMC-ERTF and Agribusiness & Food Processing Committee jointly present a panel discussion on Kharif 2017 Crops and Inflation Outlook Opening Remarks and Theme Address G. Chandrashekhar Director ERTF & Economic Advisor, IMC
Kharif Planted Area (in Million hectares) Crop 2017-18 2016-17 Rice 37.7 39.6 Maize 8.0 8.4 Pulses 14.1 14.6 Oilseeds 17.3 18.9 Cotton 12.2 10.2 Sugarcane 5.0 4.6
Kharif 2017-18 Crop Estimate (in million tons) Crop Target Output 2016-17 Rice 94.5 94.5 96.4 Cr Gr 33.7 31.5 32.7 - Maize 19.0 18.7 19.2 Pulses 8.7 8.7 9.4 - Tur 4.3 4.0 4.8 SuCne 355 338 307
Kharif 2017-18 Crop Estimate (in million tons) Crop Target Output 2016-17 Oilseeds 25.4 20.7 22.4 - Soy 14.7 12.2 13.8 - Gnut 7.5 6.2 6.2 Cotton* 35.5 32.3 33.1 (* bales of 170 kg each)
Drivers of agri market Economic growth (S-D fundamentals) Geopolitics (via crude oil) Monetary policy (liquidity /interest rate) Currency (USD-INR) Weather Speculative capital (global market)
Current Status Oilseeds, pulses rates below MSP Will farmers protest again? SW monsoon has had an uneven run Pun, Har, UP, MP – deficient rains Soil moisture inadequate for Rabi Need winter rains for wheat, pulses, oilseed crops
G. Chandrashekhar Phone: +919821147594 Email: g. chandrashekhar@imcnet G. Chandrashekhar Phone: +919821147594 Email: g.chandrashekhar@imcnet.org gchandrashekhar@gmail.com