The record
Written from the 1 report below. Nothing here is unsourced.
- Erratic and below-average monsoon rainfall has prompted Indian farmers to reduce spending on essential crop inputs.
- The CEO of Rallis India confirms that sales of herbicides, fungicides, seeds, and fertilizers have declined as a result.
- Peers in the agricultural sector are reporting similar impacts on product demand.
- Industry leaders suggest that market consolidation may occur as companies face intensifying competition and reduced expenditure.
What to watch next
- Future impact on overall crop yields and food inflation
- Potential consolidation in the Indian farm-input sector
Who said what2
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Gyanendra Shukla
Managing Director and CEO of Rallis India
2 quotes · 1 outlet
“When rainfall certainty is very low, farmers tend to save on resources”
In the article
…economy. Monsoon rainfall was 15 per cent below the average, as of September 21, Barclays said this week, adding that rainfall was 18 per cent below normal so far in September and 16 per cent below normal in August. " When rainfall certainty is very low, farmers tend to save on resources ," agrochemicals and seeds firm Rallis India Managing Director and CEO Gyanendra Shukla said in an interview earlier this week. "Farmers are not very certain of full harvest as they would have anticipated." Indian…
“There will be compression in the overall use of crop protection products, fertilisers and seed”
In the article
…Indian farmers typically sow summer crops such as rice, soybeans and cotton from June as monsoon rains arrive, while winter crops including wheat and rapeseed are planted from October after the monsoon retreats. " There will be compression in the overall use of crop protection products, fertilisers and seed ," Shukla said, highlighting how demand for herbicides and fungicides had been particularly weak. Rallis peers Dhanuka Agritech and Godrej Agrovet have also blamed erratic monsoon rains for weak demand for…
Coverage1
All filed from India
Named India · Dhanuka Agritech · Godrej Agrovet · Barclays · Gyanendra Shukla · Rallis India · Tata Chemicals
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