From The Desk Of CEO

At the onset of the new FY 2026–27 and at the finishing line of the last FY 2025–26, I would like to thank all the stakeholders of RSFPL, including the respected Board of Directors, respected Executive Committee members, respected channel partners, and last but not least, my beloved colleagues for their wholehearted, warm, and valuable support throughout the year whenever required in any form.

For RSFPL, FY 2025–26 was a mixed blend of successes and challenges. We have performed very well in Improved Paddy, Hybrid Maize, and in Wheat businesses, whereas we experienced some shortfall in OPV Paddy as far as the annual sales budget is concerned.

The Vegetable business was not good at all, and we received nearly a 25% dent in this segment. The industry has also nosedived in the vegetable business to the tune of 35–40%.

Recovery of old payments has been one of the major challenges, as this industry is subject to many internal and external factors which control the ‘Demand–Supply’ mechanism.

Internal factors include:

• MSP of a particular crop
• Water availability/Rainfall
• Government policies at the state level (as agriculture is a state subject)
• Insect and disease infestation

External factors include:

• Sudden problems with import/export due to geopolitical reasons. Events such as the Ukraine–Russia war have greatly impacted the supply of wheat, basmati rice, fertilizers, etc.
• Price hikes in diesel and petrol automatically increase the cost of production and significantly impact the market.
• Inflation in any country greatly impacts the financial capability of farmers to purchase costly seeds, fertilizers, and pesticides, compelling many farmers to use Farm Saved Seeds (FSS), as seen last year.

Demand for maize in the poultry industry, alcohol industry, biodiesel industry, and biscuit industry has increased greatly over the last five years, and maize cultivation across PAN India is increasing year after year.

Coming to the onset of FY 2026–27, we are very optimistic about having a favourable season ahead. Although initial forecasts from the United States Meteorological Department show an El Niño effect in India, potentially causing less rainfall during June 2026 and the first fortnight of July 2026, we remain hopeful as farmers are now aware of suitable varieties to plant in case of rainfall shortages.

Finally, I wish all the very best to all our trade partners and dear colleagues for the impending Kharif’2026 season.

I also pray to the Almighty for good health, success, and prosperity for all the farming community, our trade partners, and dear colleagues.

Thanking you all.

Warm Regards,
Tapas Konar
CEO
Ramnagar Seed Farm Pvt Ltd