What are the factors contributing to the rising prices of pulses in India

Due to deficient rain and their impact on sowing, the prices of pulses may increase.
1. Deficient Rainfall: Insufficient monsoon rainfall affects the growth and availability of pulses, leading to a decrease in their supply. This shortage results in increased demand and subsequently higher prices. 2. Low Sowing: Inadequate rainfall affects the sowing of pulse crops, leading to reduced cultivation. This leads to a decreased supply of pulses and puts additional pressure on prices. 3. Dependence on Imports: India heavily relies on imports to meet its pulse requirements, especially when domestic production is insufficient. Fluctuations in international prices, coupled with higher demand due to low domestic supply, contribute to increased prices. 4. Inflationary Pressure: Rising prices of pulses can also be attributed to overall inflationary trends in the Indian economy. When the general price level increases, it affects all commodities, including pulses. 5. Distorted Supply Chain: Inefficient supply chains, including inadequate storage and transportation facilities, result in wastage and higher costs. These factors contribute to price hikes in the pulses market. 6. Speculation and Hoarding: Speculation and hoarding by traders and middlemen can further exacerbate the price increase. They manipulate the supply by withholding pulses in anticipation of higher prices, creating artificial scarcity. In summary, deficient rain affecting sowing, dependence on imports, inflation, supply chain issues, and speculation contribute to the rising prices of pulses in India.
Answered a year ago
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