The Covid-19 lockdown and source chain disruptions about the previous number of months have hit several industries. But the farm sector appears to have escaped these with the minimal affect.
Though horticulture and dairy farmers did confront the brunt of the lockdown, for the farm sector as a complete, it has not been poor at all. Sample these quantities:
Procurement below the minimal assist rate (MSP) programme in wheat through the rabi marketing season (2020-21) was about eleven.seven tonnes by end-April compared to 19.6 million tonnes (mt) in the identical time past year. Having said that, in the subsequent two months, procurement elevated considerably: by June twelve, whole procurement by FCI and Point out companies in wheat touched 37.seven mt (up eleven for every cent YoY from 33.9 mt). And, specified the MSP was at ₹1,925/quintal this year compared to ₹1,840/quintal past year, it was a large aid for farmers.