Pulses, Oilseed output decline due to erratic distribution of monsoon

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NCDEX TipsThe year 2018-19 has indicated that below average and erratic distribution of monsoon rains over the country have affected the production of Pulses and Oilseeds and it is expected to decline marginally by 2.68 percent and 5.36 percent.

Pulses production is projected to drop marginally to 9.10 million MT (metric tonne) from 9.35 million MT last year which is around 2.68 percent down due to the fall in Urad output by 10.11 per cent, mainly due to the shift in acreage towards Soybean in some parts of Madhya Pradesh and Maharashtra.

The total Oilseeds production is estimated to be 19.87 million MT, which is 5.36 per cent declined than the last year’s production 21.00 million MT, mainly due to the falling Groundnut (22.11 percent), Castor (27.16 percent) and Sesame (3.21 percent) production in major producing states.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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