Kharif Sowing Bounces Back: India's Agriculture Revival Sparks Hope Amidst Improved Monsoon
Kharif crop sowing in India sees a turnaround as aggregate rainfall surpasses long-term average, raising hopes for relief in food item prices. India's Kharif Sowing Shows Resilience Kharif crop sowing in India is on the path to recovery as aggregate rainfall exceeds the long-term average. Recent data indicates a promising upturn in sowing activities, with overall levels rising by 1.2% over last year as of July 21. This positive development follows a week earlier, when sowing faced a 2% deficit. The improved sowing pace has sparked optimism for easing food price inflation. Rice Sowing Surges, Pulses Still Lagging Notably, the overall sown area for rice has experienced significant growth, recording 180.2 lakh hectares by July 21, a 2.7% increase compared to the same period last year. The surge in rice sowing is especially noteworthy since it was trailing over 6% behind last year's level as of July 14. However, pulses' sowing, while showing some progress during the same period...