RBI emphasises on need of temperature-resistant crops to beat climate stress
This story was originally published at 23:18 IST on 21 May 2025
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--RBI paper: Weather anomalies can hit vegetable supply, spur food inflation
--RBI paper:Need temperature-resistant crops to overcome temperature shocks
MUMBAI – India needs temperature-resistant crop varieties to overcome the significant temperature shocks, the Reserve Bank of India staff said in the monthly State of the Economy article released Wednesday. The increasing temperature shocks will have an immediate impact on vegetable prices, it said.
The attention towards faster adoption of temperature resistant crop varieties can be supported by policy interventions like National Mission on High Yielding Seeds announced in the Union Budget for 2025-26 (Apr-Mar), the bulletin said.
In India, major producer of vegetables in the world, most of the production comes from small and marginal farmers with very little or no safeguard against weather disturbances, the bulletin said. "Therefore, weather anomalies can potentially cause disturbances to short-term supply of vegetables and induce large price fluctuations, which can drive volatility in food inflation."
In FY24, prices of most vegetable, cereals, and pulses were at all-time high due to lower production in the year amid erratic monsoon. Moreover, India's agriculture sector depends on the southwest monsoon and a staggered monsoon during Jun-Sept is a boon to kharif crops and rabi crops as it also replenishes the reservoir levels. End
Reported by J. Navya Sruthi
Edited by Akul Nishant Akhoury
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