According to a latest press release (July 20th) from India’s Meteorological Department, so far, India’s rainfall during this monsoon season (June-September) is 22% below long period average.
Northwest and Central India, which are important cotton growing regions have registered 39% and 26% deficient rainfalls this monsoon season so far compared to long period average.
Government of India is alarmed about the lack of rainfall in 6 states that grow cotton which include Gujarat, Maharashtra, Rajasthan, Punjab, Haryana and Karnataka.
According to reports, in Gujarat, the number one cotton producing Indian state, only 35% of land has been sown till date and if monsoon fails in August, crop production conditions will be severe.
Indian agriculture depends heavily on monsoon and cotton is planted as a Kharif crop (June/July sowing) in northern states such as Gujarat, Maharashtra, Punjab and Haryana.
Media reports quote Sharad Pawar, Union Agriculture Minister saying that India will take a look at unrestricted export of cotton, wheat and other crops in August if monsoon fails.
Dr Seshadri Ramkumar
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!