At a time pulse prices remain high, a weak moong output could keep food inflation elevated.
Farmers in Karnataka, where 20-25% of India’s moong is grown, generally finish sowing by 20 June; however, they may extend it by a week if rains pick up, tempted by a 10%-plus hike in minimum support prices at ₹8,558 per quintal for the 2023-24 (July-June) crop year. Still, predictions of weak rains may drive them to other crops like corn, cotton, urad (black gram), groundnut and bajra, depressing India’s total moong output by 20-30% and boosting prices.
Though Karnataka’s moong belts of Belgaum and Yadgiri have received rain, only 5-10% of area under moong has so far been cultivated. While some growers tap their own ponds, most others in the key producer northern districts wait for rains.
Diese Geschichte stammt aus der June 16, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der June 16, 2023-Ausgabe von Mint Mumbai.
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