Prices of pulses skyrocketed as a result of insufficient rain

Pulses are now costing consumers more money than tomatoes, onions, other vegetables, and fruits did earlier. The government has already begun to take precautionary action to control prices and guarantee a sufficient supply for domestic consumption.

Read more :Price of crude oil has risen to a record high of $90 per barrel: How will this affect the Indian economy?

To control prices, the government has made it essential for masoor dal stock disclosure.

Rainfall in September was anticipated to provide some help by reviving kharif pulse crops. According to the India Meteorological Department's (IMD) estimate, there is a 40% possibility that the important pulse-purchasing states of Rajasthan, Maharashtra, Karnataka, Gujarat, and Madhya Pradesh would experience a lack of rainfall this month, which will drive up the price of pulses.

Pulse sowing area decreased by 8.5% from 2022 to 2023 as a result of a delayed monsoon. The lowest sowing area for pulses in three years decreased from 130.13 lakh hectares in 2022 to 119.09 lakh hectares in 2023.

The yield is also anticipated to be impacted by the irregular rains. Pulses were sown less frequently in Madhya Pradesh, Karnataka, Maharashtra, Uttar Pradesh, Andhra Pradesh, Gujarat, Odisha, and Tamil Nadu, according to reports. Pulses' pricing increased as a result of these reasons.