Agri Buzz: Temporal progress of kharif sowing in current year better than preceding El Nino year of 2023

RBI noted in a latest monthly update that the monsoon activity picked up in July after a deficit in June. Spatially, all four regions have been witnessing deficit rainfall. With increased rainfall in July, the all-India reservoir storage stood close to its decadal average and higher than the level during preceding El Nino year of 2023. The temporal progress of kharif sowing in the current year has been better vis-?-vis 2023. The India Meteorological Department (IMD) has a below normal forecast of rainfall at the all-India level for the second half of the season (August and September). A bumper production in the previous year led to a robust procurement of rice and wheat, and comfortable public foodgrain stocks which are well above the buffer norms.

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