Mar 21, 2017 | 07:53
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Millions of Indian farmers look set to switch from growing pulses and oilseeds after a government campaign to boost output became a victim of its own success by flooding markets with the crops, used in everything from fragrant curries to sticky desserts, reports Reuters
Storehouses are overflowing with commodities such as lentils and soybeans after waves of farmers answered Prime Minister Narendra Modi's call last summer to ramp up local production to cut a hefty import bill, driving prices sharply lower.
A shift to planting crops such as sugarcane and wheat could drag on global prices in those markets as supply swells, while raising the spectre of a swing to a shortage further down the line of the oilseeds and protein-rich pulses that are a staple of Indian cuisine.
****seed Production will jump to the highest in three years at 7 million tonnes as farmers expanded the area planted with the oilseed due to ample rainfall and higher prices.
So what will this do to us come fall if they produce excellent wheat and Oilseed crops.
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