Agri Buzz: Domestic farm sector appears well placed, says RBI

Reserve Bank of India (RBI) has stated in a latest update that the combination of record kharif output, above normal rabi sowing, comfortable reservoir levels, robust foodgrain stocks, and calibrated government interventions on procurement and exports augur well for agricultural activity in the near term. The West Asia conflict may pose risks to fertiliser availability, especially urea, for the kharif season. However, government efforts to build stocks through higher production, supported by increased gas allocation and diversified imports, are expected to provide support.

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