Appearances of wheat, mustard and other major rabi crops at mandis during the initial fourteen days of April were over 90% lower than in the earlier year, as indicated by an investigation by research and appraisals office CRISIL.
The effect of the coronavirus (COVID-19) emergency on the rabi or winter season collect has been fierce, in spite of government endeavors to encourage agrarian exercises. The CRISIL explore indicated that just a single lakh huge amounts of major rabi crops — wheat, gram, rapeseed and mustard — showed up in mandis between April 1 to 12, 98% not exactly the 51 lakh tons that showed up in mandis during a similar period in 2019.
“While there are four primary reasons for this — delayed rabi harvest, labour shortage, lack of transport, and reduced mandi operations — grains are also said to be hoarded by farmers/traders to be sold at a later date when mandi operations and logistics normalise,” said CRISIL.
Mandi prices are 29% higher than that of the previous year. “Going forward, bumper crop output, lower industrial demand and limited exports [will] exert downward pressure on wheat prices,” said the analysis.