Connect with us

Economy & Market

The monsoon impact

Published

on

Shares

The onset of the south-west monsoon, which began on June 1, 2018 has reached the eastern regions of Gujarat and Rajasthan, states a report from CARE Ratings. The regions of Bihar and Eastern Uttar Pradesh recorded a deficient rainfall while, the regions of Coastal Andhra Pradesh and West Madhya Pradesh that were largely affected by the drought conditions in 2014, have received normal rainfall, cumulatively. As a whole, the country recorded normal rainfall.

The week of June 21 to June 27, 2018, recorded a cumulative rainfall of 41.5 mm, which is at a approximately 16 per cent departure from normal rainfall. For the season beginning from June 1, 2018 the cumulative rainfall up to June 27, 2018 records a 10 per cent departure from normal.

Table 1 reveals that out of the 36 meteorological subdivisions in India, 24 sub-divisions recorded excess to normal rainfall which is approximately in line with the number of regions in 2016 and 2017. Amongst the six regions receiving excess rainfall Punjab and the Konkan and Goa recorded rainfall in excess of around 50 per cent from normal cumulatively.

Saurashtra, Kutch and Diu was the only sub-division with largely deficient rainfall, recording a 93 per cent departure from the normal rainfall of 72 mm.

Area under cultivation till June 27 was lower this year relative to last year.

  • It was lower in case of rice, coarse cereals, pulses, oilseeds and cotton. This needs to be monitored closely as there has been over-production of pulses in the last two years which led to a decline in prices and hence income for farmers.
  • The MSPs are yet to be announced which can cause a shift in cropping pattern in the coming weeks.
  • Cultivated area has been stable in case of sugarcane and jute.
    Commentary
    The southwest monsoons have advanced to the western belt of Gujarat and Rajasthan. The marginal rise in the area sown for sugarcane can be attributed to the excess rainfall recorded in the Marathwada region. The Saurashtra region having received deficient rainfall has possibly led to lower acreage of groundnut. The same goes with cultivation of cotton, which is another major crop grown in the Saurashtra region. Acreage for cotton fell by 16 per cent. Oilseeds acreage was also lower and can be a concern going ahead.
    Table 1: Rainfall patterns: Number of Divisions (As of 27th June 2018)

    No. of Sub-Division with rainfall 26-Jun-13 25-Jun-14 24-Jun-15 29-Jun-16 28-Jun-17 27-Jun-18
    Large Excess 5 0
    Excess 26 0 16 7 8 6
    Normal 6 7 13 17 15 18
    Total 32 7 29 23 28 24
    Deficient 3 20 5 10 8 11
    Large Deficient 0 1
    Scanty 1 9 2 2 0
    Total 4 29 7 12 8 12
    TOTAL 36 36 36 36 36 36
  • Continue Reading
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Concrete

    CCU testbeds in Tamil Nadu

    Published

    on

    By

    Shares

    Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

    Image source:https://www.heavyequipmentguide.ca/

    Continue Reading

    Concrete

    JSW Cement gears up for IPO

    Published

    on

    By

    Shares

    JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

    Continue Reading

    Concrete

    Cement industry to gain from new infrastructure spending

    Published

    on

    By

    Shares

    As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

    Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

    Continue Reading

    Trending News

    SUBSCRIBE TO THE NEWSLETTER

     

    Don't miss out on valuable insights and opportunities to connect with like minded professionals.

     


      This will close in 0 seconds

      This will close in 0 seconds