Wheat sowing continues to progress, sugar output dips till mid-December
Rabi sowing in India has seen significant progress, with wheat acreage nearing 30 million hectares, crucial for replenishing government stocks amid rising market prices. However, weather conditions remain critical, as temperature spikes could harm yields. Mustard sowing has surpassed normal levels but is still lower than last year. Meanwhile, sugar production has declined, with 29 mills yet to begin crushing operations.
Rabi sowing continued to gather steam with wheat acreage nearing the psychological mark of 30 million hectares. A good wheat harvest would help the government replenish its dwindling inventories and cool down market rates, which have shot up in the past few weeks. However, much would depend on weather patterns in the coming months. Any unusual rise in temperatures could hamper progress. Acreage of mustard was still lower than last year, though the area covered had surpassed the normal acreage. On the other hand, sugar production dropped, according to the latest data furnished by the Sugar Cooperatives Federation. As many as 29 mills, which were operational last year, have yet not started crushing.
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Source : Business Standard
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