How could adverse weather and Myanmar import delays affect India's economic stability?
National pulse prices are soaring due to crop failures and import delays Adverse weather and dry conditions have negatively affected kharif pigeon pea crop prospects in states like Maharashtra and Andhra Pradesh. This reduction in domestic supply, combined with supply crunch and rising import costs—such as for black gram from Myanmar—is lifting Indian pulse prices. Pigeon pea prices are moving towards their 2023-24 highs, and this price rise is also being seen in other pulses like black gram and chickpeas.
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Pigeon pea prices are rising sharply, nearing 2023-24 highs, due to lower domestic supplies and rising import costs. Concerns over the kharif pigeon pea crop in Maharashtra, Karnataka, and Andhra Pradesh, caused by adverse weather, are contributing to the supply crunch. Additionally, black gram prices have increased due to limited supplies from Myanmar and shipment delays at Chennai port.
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Lower domestic supplies, coupled with rising import costs (such as for black gram from Myanmar) and supply crunch, are lifting Indian pulse prices. This price rise is being witnessed nationally, with pigeon pea nearing 2023-24 highs.
1 report connects these two. Brind only summarizes; follow a link to read the reporting itself.
- hindustantimes.com Oct 1
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The facts so far
As reported. Each one links to where it comes from.
- Adverse weather and dry conditions have affected crop prospects for kharif pigeon pea in Maharashtra, Karnataka and Andhra Pradesh.hindustantimes.com
- Pigeon pea prices are moving towards their 2023-24 highs, when retail prices crossed ₹200 per kg.hindustantimes.com
- Imported Myanmar fair average quality (FAQ) black gram was quoted at ₹101 per kg in Delhi on October 10, up from ₹88.75 a month earlier.hindustantimes.com
- Prices in the key market of Akola, Maharashtra were ₹108-108.25 per kg.hindustantimes.com
Why it matters
Food inflation is a critical economic concern for India, as rising prices for staple pulses directly impact the cost of living for millions of consumers. The combination of domestic agricultural failure and international supply chain bottlenecks creates a dual pressure point on the national food supply and economy.
This situation is not isolated; the reports note that chickpea prices are also showing an uptick, and pressure may rise further in coming months as the next crop outlook remains uncertain. The reliance on imports, particularly from countries like Myanmar, means that geopolitical and logistical issues in neighboring regions can quickly translate into national economic instability.
What we don't know yet
- How will the quality of new crop arrivals affect price stabilization?
- What is the projected impact of the falling rupee on future import costs?
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- hindustantimes.comOct 1
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