Agri-chemical companies betting on a sales boost on higher rabi sowing Noor Arora
With ample water in reservoirs, agri-chemical companies are betting on a sales boost during the coming rabi season, following a sharp recovery in kharif sowing. The cumulative storage in the country’s 91 major reservoirs as of last Thursday was 121.7 billion cubic metres of water, nearly a third higher than on the same day last year. This means there would be adequate soil moisture before rabi sowing, and both plating and output are expected to be higher. “Crop damage incidence like white-fly attack have also not occurred so far this year,” said M K Dhanuka, managing director, Dhanuka Agritech. “Rabi would be better this year as compared to last year,” said Madan Sabnavis, chief economist at CARE Ratings.
ARTICLE SOURCE: BS