The 2014 monsoon rainfall activity through June 25, 2014, has been significantly below normal in mostparts of the country. If the monsoon does not recover by the mid-July, planting and production prospects for kharif crops, especially rice, corn and soybeans and some pulses, will be adversely affected. The government raised the minimum support prices (MSP) marginally for the upcoming 2014/15 kharif crops. Government procurement of wheat under the price support operation is likely to reach 28.0 MMT compared to 25.0 MMT last year.
