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The India Meteorological Department (IMD) has predicted "above-normal" monsoon rains at 106% of the long-period average in 2024, raising hopes in the farm sector after erratic weather last year clipped the summer harvest.
Farmers in Karnataka, Andhra Pradesh, Telangana and Tamil Nadu have reportedly been witnessing wilting in Bengal gram (chana) and shrivelling of paddy and cobs in maize
Experts say that as sweeping heatwaves and drying dams leave dairy animals thirsty, milk productivity will fall and prices will rise
The cost of the veg thali increased due to a surge of 40 per cent, 36 per cent and 22 per cent on-year in prices of onion, tomato and potato, respectively, due to lower arrivals of onion and potato and low base of last fiscal for tomatoes, Crisil said.
RBI MPC: In its last policy review in February, the RBI had noted that going forward the inflation trajectory would be shaped by the evolving food inflation outlook.