Pulses, oilseed prices firm in the face of rains and pest attacks

NEW DELHI: Heavy rains and pest attacks on maturing crops pushed prices for pulses and oilseeds up to 10 percent last week.

The prices of moong and urad rose 10 percent to Rs 62 per kg after heavy rains in Maharashtra, Madhya Pradesh and Karnataka, said Suresh Aggarwal, president of the All India Dal Mill Association.

“The prices of other pulses have also gone up because of this factor. Waterlogging of fields is a major concern and we expect prices to remain firm in the near term. However, prices can stabilize if the government extends the deadline for importing urad until December, ”Aggarwal said.

Indian Soybean Processors Association President Davish Jain said prices rose 6 percent to Rs 41 per kg in the past week due to damage to the soybean crop in Madhya Pradesh. “We expect a 10-12% drop in production caused by very heavy rains and temperature variations, creating an environment conducive to large-scale pest attacks on soybean plants.” he said.

Pest attacks were also reported on the cotton crop in Punjab and Haryana, where prices rose 5% last week, traders said. The increase in the selling price of cotton by Cotton Corporation of India (CCI) also contributed to the increase, they said.

“On more than 40,000 hectares in Haryana and 20,000 hectares in the Punjab, cotton cultivation was affected by fire blight, a fungal and bacterial disease, during the last week after the heavy rains of the 20th to the 21st August. If it spreads, more damage is expected. In addition, the white fly pest attack has also increased this year, ”said Mahesh Sharda, President of the Indian Cotton Association.

Guar prices also rose 5 percent after heavy rains in most parts of Rajasthan after a long period of drought, said PK Hissaria, president of the Indian Association of Guar Gum Manufacturers. He said prices will be volatile until the new crop is harvested in October. In rainfed areas, farmers may increase the area due to the availability of water, he said. Guar gum was marketed at Rs 65 per kg while guar seed was at Rs 41 per kg in Jodhpur mandi on Monday. Traders also hoped that demand from the global exploration sector would pick up by October.

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