Rabi production prospects promising, says RBI

The kharif production is estimated to fall by 15.9 per cent from last year on account of deficient monsoon but rabi prospects are promising, the Reserve Bank said.

The kharif production is estimated to fall by 15.9 per cent from last year on account of deficient monsoon but rabi prospects are promising, the Reserve Bank said.

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For the kharif season, a decline is expected for all crops, except urad, tur and cotton, the RBI said in its Third Quarter Review Macroeconomic and Monetary Developments 2009-10 here today.

Rabi production is expected to be promising in view of the delayed withdrawal of the southwest monsoon, good progress of the northeast monsoon and improved sowing, particularly of foodgrains, supported by Government efforts towards enhancing production, it said.