Media Monitor
Agriculture Industry
Mahindra, Sonalika record strong tractor sales, set to harvest robust growth in FY2021edit
The monsoon has arrived across India and brings along good news for domestic tractor manufacturers, who look set to harvest a season of strong growth. If the June sales numbers from two leading manufacturers are any indication, then this sector is headed for a good performance this fiscal (FY2021).
With the IMD forecasting the south-west monsoon to be at 102 percent of the long period average (LPA) in calendar 2020, the rains are well-distributed at 96-107 percent of the LPA in all the four regions. The monsoon’s approach has been timely with rains 21 percent above normal in June. The forecast for July and August – crucial months for kharif crop – is also encouraging at 103 ...
Agri Buzz: Kharif Acreage Soars 88%, Oilseeds Area Up Nearly 300%edit
The total acreage under kharif crops continues to soar and stood at 43 2.97 lakh hectares (lh) as on 3 July 2020, recording a surge of 88% corresponding week last year, according to latest sowing data released by the Agriculture Ministry.