MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops.
Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report.
The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that overall pulse production will drop by more than 14 per cent in 2019-20.
That’s a vast improvement from NBHC’s initial estimate, which forecast a decline of almost 41.5 per cent in total pulse production.
Read Also
China rapeseed meal futures see largest one-day gain in almost three months after Xi–Carney talks
China’s most active Zhengzhou rapeseed (canola) meal futures posted their largest daily gain in nearly three months on Monday, after Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met in South Korea last week without securing a breakthrough on tariffs.
India’s monsoon rains were late in 2019, but when they did begin to fall, accumulations were 110 per cent over the long-term average, NBHC said. Added to that, the post-monsoon rains were 32 per cent above average country-wide, further exacerbating the situation. In central India alone, the post-monsoon rains were 64 per cent above average and whopping 121 per cent in the northwest region.
By crop, NBHC estimated moong (mung) production to fall 27.4 per cent compared to 2018-19 to about3 1.34 million tonnes. Urad production was forecast to be about 2.09 million tonnes, down 18.4 per cent. Tur production was expected at more than 3.21 million tonnes, for a decline of 10.5 per cent.
And it’s not only pulse crops suffering in India, as oilseed production was forecast to drop by 23.8 per cent compared to last year. Sugarcane production is expected to fall nearly 22.0 per cent. Rice was projected to drop 8.2 per cent and corn by 11.9.
— Glen Hallick reports for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.
