What are the consequences of deficient rainfall on pulses prices
The deficient rainfall has affected sowing, leading to concerns about a possible spiral in pulses prices.
- Drought-like conditions resulting from deficient rainfall reduce water availability, affecting crop growth and sowing of pulses.
- Lower sowing leads to a decrease in overall pulse production, causing a drop in supply in the market.
- With reduced supply, the demand-supply balance is disrupted, leading to an increase in pulse prices.
- The rise in pulses prices can result in increased food inflation, making it more expensive for consumers to purchase essential food items.
- As pulses are an important source of protein for many people, price hikes can lead to nutritional deficiencies, especially for vulnerable populations.
- Inadequate rainfall and subsequent price rises can impact the income and livelihoods of farmers who depend on pulses as their primary crop.
- Higher prices may also lead to increased imports, further impacting the economy and trade balance.
- In extreme cases, deficient rainfall and subsequent rise in pulses prices can contribute to social unrest and political issues.
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a year ago