Rainfall damages Urad crop in Tamil Nadu and Andhra Pradesh

18-Dec-2024 09:40 AM

Rainfall damages Urad crop in Tamil Nadu and Andhra Pradesh
Key Updates on Crop Damage:
Tamil Nadu:
Cyclone Fengal caused waterlogging in Urad-producing regions, reducing productivity.
Maximum damage reported in Thiruvananthapuram.
Andhra Pradesh:
Yellow Mosaic Virus has caused crop damage in many fields.
The Pongal region was particularly affected.
Moong Impact:
Crop damage also reported for Moong in certain areas.
Market Implications:
Kharif Season:
There was already a decline in Urad production during the last Kharif season.
Myanmar Factor:
Increased sowing of Urad reported in Myanmar, with crops expected to arrive in February.
Given the depleting stock in India and weather-related crop losses, Myanmar exporters may raise prices.
Outlook:
The Urad market is expected to remain strong until the arrival of the new crop in February, driven by:
Limited domestic supply.
Potential price hikes from Myanmar exporters.
This combination of domestic challenges and international dynamics is likely to maintain upward pressure on prices in the short term.