Commodity Outlook – Paddy

Sowing period: June to October
Harvesting period: November to February
Crop season: Kharif

Sowing period: November to February
Harvesting period: March to June
Crop season: Rabi

Key growing regions (Paddy Kharif):

  1. Karnataka – Raichur, Koppal, Bellary, Shimoga, Davangere
  2. Uttar Pradesh – Hardoi, Kanpur, Fatehpur, Bahraich, Raebarelli
  3. Tamil Nadu – Villupuram, Thiruvannamalai, Vellore, Cuddalore
  4. Madhya Pradesh – Raisen, Hoshangabad, Seoni, Rewa, Gwalior

Key growing regions (Paddy Rabi):

  1. West Bengal – Burdwan, Birbhum, Murshidabad, Coochbehar
  2. Chattisgarh – Balod, Dhamtari, Balodabazar, Mahasamund, Raipur
  3. Andhra Pradesh – Kurnool, West Godavari

Production and Sowing estimates:

Kharif:

  • As per the Ministry of Agriculture second advance estimate FY 2018-19 released on February 28, 2019, Paddy Kharif production was 96.48 million MT (Mn MT) compared to FY 2017-18 which was 101.96 Mn MT, up 5.68 per cent.

Rabi:

  • As per the Ministry of Agriculture second advance estimate FY 2018-19 released on February 28, 2019, Paddy Rabi production was 14.53 million MT (Mn MT) compared to FY 2017-18 which was 13.63 Mn MT, down 6.19 per cent.
  • All India Paddy sowing as on February 15, 2019 was 33.96 lakh hectares which were down by 14.33 per cent from last year’s corresponding period area of 39.64 lakh hectares.
  • All major Rabi growing Paddy states like Andhra Pradesh, Tamil Nadu, Telangana shows downfall under Rabi Paddy due to unfavourable weather and water availability.

Market commentary: Price outlook

  • MSP for Paddy for 2018-19 is Rs. 1750 an increase of Rs 200 or 12.90 percent compared to last year’s price of Rs. 1550 per quintal.
  • The Maharashtra Government announced a bonus of Rs. 500 per quintal on the purchase of Paddy from farmers. Last year, the State Government had given a bonus of Rs 200 per quintalon Paddy in the Kharif season.
  • Paddy in Physical Markets have been trading on a higher side in New Delhi and Madhya Pradesh.

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