Mixed outlook for agro commodities after unprecedented rainfall hits major parts of India

Mixed outlook for agro commodities after unprecedented rainfall hits major parts of India

The strong revival of the southwest monsoon since late July is good news for the rabi crop. However, unprecedented heavy rains in parts of central and north India have raised worries about the yield and quality of Kharif-grown commodities, including soybean, groundnut, moong, urad and rice.

With the harvest season for short-duration Kharif pulses now approaching and just a month left for oilseed harvesting, the potential for higher prices will be capped.
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