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Our
Agriculture sector roundup Date: September 03, 2012
Pulses sowing picking up
For the first time during this monsoon season, the rainfall was 6% above
normal for the week August 23rd-29th. The strong rainfall has improved
the deficiency situation further and has brought down the overall
deficiency for the monsoon season to 12% below normal. Hence, the
rainfall deficiency has come down from 19% at the beginning of the
month to 12% at the month end. The deficiency in the Northwest region
is the highest at 15% followed by East & NorthEast India (14%), South
Peninsula (13%) and Central India (10%).
Crop Acreage (million hectares) Kharif season
(till 31th August, 2012)
Kharif season (till 24th
August, 2012)
Normal area for this time of the
year Rice 34.71 32.92 33.19
Coarse Cereals 16.79 16.53 19.68
Pulses 9.77 8.83 10.13
Oilseeds 16.72 16.43 16.84
Sugarcane 5.29 5.29 4.67
Cotton 11.28 11.15 10.69
Jute+Mesta 0.88 0.88 0.90
Source: Press Information Bureau
The pulses sowing has picked up quite significantly during the last one
week with the gap between normal pulses acreage and pulses acreage
this season coming down to 0.36 million hectares compared to 1.11
million hectares at the beginning of the week.
While rice, sugarcane and cotton are ahead in terms of acreage, coarse
cereals are still lagging behind by 2.89 million hectares compared to
normal sowing.
Additional news
Paddy cultivation on the way out
in Punjab, Haryana?
Poor monsoon rains hit millions of
Indian farmers
Private sector joins hands with
government to raise grape,
pomegranate exports
Organic dairy farming picks up in
villages
Author:
Diwakar Sekhar Yasarapu
Phone no: 91-9820116419
UR Associates
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RCF to invest Rs 40 billion to ramp up urea capacity
Rashtriya Chemicals and Fertilisers (RCF) will invest Rs 40 billion in next three years to ramp up its urea capacity
at Thal plant near Mumbai. In a communique to the BSE, RCF said: "The Company has plans to expand the capacity
of urea at Thal by setting up one single stream ammonia plant of capacity 2,200 TPD (tonnes per day) and one
single stream urea plant of capacity 3,850 TPD at the existing site." "The selection process for lumpsum turnkey
contractors (LSTK) for main plants has been completed. The project cost is expected to be Rs 40 billion and will be
completed in 36 months period from the zero date," it said. (Link)
Maharashtra to begin 2012-13 sugarcane crushing season from November 1
Top sugar producer Maharashtra will begin its sugarcane crushing season from November 1. The state
government was thinking to advance the crushing season by a month as a measure to make more cane available
for crushing, which is being diverted every day for use as fodder in drought areas in the state. (Link)
Contingency plan to Tackle Drought like Situation
Ministry of Agriculture has prepared Contingency plans for 353 districts across the country for implementing
location specific interventions to sustain agriculture production. Subsidy on seeds has been enhanced to partially
recompense the farmers for the expenditure in re-sowing and/or purchasing drought tolerant variety of seeds. In
view of deficient rainfall, states such as Punjab, Haryana, and Uttar Pradesh have been allocated with additional
power from Central Pool. In so far as fertilizer prices are concerned, Urea is provided at a fixed Maximum Retail
Price (MRP) of Rs. 5310 per metric ton since 01.04.2010. Nutrient Based Subsidy (NBS) Policy is being
implemented on Phosphatic and Potassic (P&K) fertilizers under which a fixed subsidy is provided based on its
nutrient content. MRP is fixed by fertilizer companies. The prices of P&K fertilizers have increased mainly due to
increase in international prices of fertilizers and due to depreciation of Indian rupee. However, Government
provides subsidy to the extent of 50% to 67% of the delivered cost on these fertilizers. (Link)
Deepak fertilisers not to develop $350 mn plant in Australia
Indian fertilisers and petrochem firm DFPCL has abandoned plan to build a $350 million plant at Port Bonython,
South Australian Mining minister Tom Koutsantonis has said. Deepak Fertilisers and Petrochemicals Corporation
Ltd has informed the state government of its intention not to go ahead with a proposed technical ammonium
nitrate plant near Whyalla, said Koutsantonis, who also holds the Manufacturing, Innovation and Trade portfolio.
(Link)
Dhanuka Agritech launches new products
Dhanuka Agritech Limited, a provider of crop protection solution, has launched three agrochemical products in
Tamil Nadu. According to Abhishek Dhanuka, Director – South Zone, one of the new products is an insecticide that
can tackle sucking insects in cotton, vegetable, fruits, cashew and tea. The other, Fluid, is to fight larval insecticide
in major crops, while the third one, Fuzi Super, is a herbicide for paddy. The Rs 6.5 billion company has tied up
with global firms such as Dupont, Syngenta and Dow Agro Sciences to introduce international proven products in
the Indian market, according to R.G. Agarwal, Group Chairman. (Link)
Keywords: agrochemical products launch,
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Company Share price (Rs)*
Returns
1-week 1-month 1-year
Bajaj Hindustan 29 (7.0%) (7.9%) (46.5%)
Balrampur Chini Mills 67 2.0% 19.4% 24.1%
Dhanuka Agritech 91 (1.3%) (4.4%) (12.5%)
EID Parry 216 0.5% 1.4% (12.8%)
Heritage Foods 255 (5.8%) 32.7% 48.8%
Insecticides (India) 399 1.8% (1.2%) 0.7%
Kaveri Seeds 846 2.3% 11.3% 82.6%
Kohinoor Foods 29 1.6% 0.3% (24.7%)
KRBL Ltd. 22 (4.4%) 0.0% (14.4%)
LT Foods 42 (5.6%) (5.9%) (2.7%)
McLeod Russel 315 4.0% (2.7%) 30.6%
REI AGRO LTD 9 (2.6%) (11.4%) (62.6%)
Ruchi Soya 83 (1.1%) (1.7%) (18.0%)
Shree Renuka Sugars 30 (3.8%) (5.0%) (47.6%)
Usher Agro 59 (3.4%) (7.3%) (54.5%)
* As of August 31, 2012
Share price movement
Top 5 gainers (1-week)
Company Return
McLeod Russel 4.0%
Kaveri Seeds 2.3%
Balrampur Chini Mills 2.0%
Insecticides (India) 1.8%
Kohinoor Foods 1.6%
Top 5 losers (1-week)
Company Return
Bajaj Hindustan (7.0%)
Heritage Foods (5.8%)
LT Foods (5.6%)
KRBL Ltd. (4.4%)
Shree Renuka Sugars (3.8%)
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