Pulses, oilseed prices rise as rain deficit hits crops

Pulses and oilseed prices have risen due to a rain deficit affecting crops in India. This increase is concerning for farmers and the economy, as it could impact the production of key crops such as tur, chana, soyabean, and groundnut. The rise in prices is also a result of El Nino forecasts, which may further affect the upcoming rabi season output. This could lead to higher food prices and inflation, affecting consumers and the overall economy.

Why it matters

Scanty rains are affecting crops and raising output concerns. This could lead to higher food prices and inflation.

Market impact

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