Himanshu KhannaIn the face of increasing challenges within the agricultural sector, strategic alliances are becoming increasingly crucial. The collaboration between SatSure and the Solvent Extractors’ Association of India (SEA) exemplifies this trend, setting a new standard in agricultural forecasting through the use of advanced forecasting. This partnership aims to optimize rapeseed-mustard production, a critical crop in India’s agricultural landscape, for the Rabi 2024-25 season.
This collaboration projects a total mustard acreage of 92.15 lakh hectares with an estimated yield of 115.2 lakh tonnes. This forecast aligns closely with the Government of India’s estimates, highlighting the additional precision satellite-driven analytics and crop production forecasting using remote sensing can offer to agricultural forecasting. By integrating remote sensing data with ground-based inputs, this initiative offers a more accurate and granular view of agricultural forecasting dynamics than has been possible with traditional survey methods.
“Rajasthan, the largest mustard-producing state, is estimated to cover 34.74 lakh hectares with a projected output of 52.45 lakh tonnes. The government estimate puts the mustard acreage in Rajasthan at 33.95 lakh hectares”, said Kumarjit Mazumder, SatSure Analytics India Pvt Ltd.
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Leveraging SatSure’s satellite imagery and proprietary AI algorithms, the project effectively maps and analyzes crop health, soil moisture levels, and other agronomic factors across different regions. This approach allows for the adjustment of predictions based on near real-time environmental conditions and agronomic practices observed on the ground. Enhancing Agricultural Forecasting for Effective Decision-Making
The insights generated by this collaboration are vital for policymakers, agribusiness leaders, and farmers. They inform critical decisions regarding the Minimum Support Price (MSP), which has been set at ₹5,950 per quintal for mustard. With detailed forecasts available early in the season, stakeholders can strategize more effectively to support farmers and stabilize prices in the volatile market landscape.
Sanjeev Asthana, President of SEA, emphasized the broader implications, stating, “As the world’s largest edible oil importer, India finds itself under tremendous strain. Our initiatives, including the ambitious Model Mustard Farm Project, aim to elevate mustard production to 200 lakh tonnes by 2029-30, securing a promising future for Indian farmers.“
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This initiative also highlights the opportunities within the mustard production ecosystem. While forecasting offers profound advantages, factors such as climatic variability and economic pressures continue to pose significant risks. The collaboration between SatSure and SEA is pivotal in mitigating these risks by providing stakeholders with the tools to anticipate and respond to changes effectively.
Future Resilient Agriculture through Enhanced Agricultural Forecasting
The strategic partnership between SatSure and SEA is transforming the landscape of agricultural forecasting in India. By harnessing the power of advanced analytics, this collaboration not only enhances the accuracy of production estimates but also strengthens the resilience of the agricultural sector against emerging challenges.
About SEA:
The Solvent Extractors’ Association of India (SEA), established in 1963, serves as a key industry body promoting the growth and development of the solvent extraction industry in India. With 875 members, including 350 operational extraction plants, SEA represents the interests of processors, exporters, refiners and traders. It advocates for increased domestic production of vegetable oils, supports industry-friendly policies and fosters self-reliance in vegetable oils to enhance national food security.
About SatSure:
SatSure is one of the world’s leading Earth Observation (EO) data ecosystems, designed to deliver analytics-ready data products that offer contextual, industry-specific solutions. By leveraging advances in satellite remote sensing, machine learning, and artificial intelligence, SatSure builds products and solutions which help enterprises with decision intelligence.
From sourcing EO data to developing industry-specific solutions, SatSure’s data products help address unique challenges faced by sectors such as BFSI, Agriculture, Aviation, Infrastructure and Utilities. SatSure has been recognized in 2024 Gartner Emerging Tech Impact Radar: Artificial Intelligence and mentioned as a Sample Provider in the 2024 Gartner® Emerging Tech: Maximize the Impact of Generative AI in Computer Vision Report. For more information write to us at info@satsure.co
Nidhi Pathak
SatSure
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