You are here: Home » Markets » Commodities » Food & Edible Oils
Business Standard

Farmers switch from growing pulses and oilseeds after price plunge

Storehouses are overflowing with commodities such as lentils and soybeans

Reuters  |  New Delhi 

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. 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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 21 2017. 14:43 IST
RECOMMENDED FOR YOU