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India Expects Smaller Kharif Crop
VANCOUVER - Aug 18/06 - SNS -- Field pea markets finished the week little changed, helped by predictions by some analysts in India that this summer's kharif season pulse harvest could be down from last year.
While seeding is not yet complete, there are now predictions output could be down 100,000 to 200,000 metric tons (MT) at between 4.5 and 4.6 million MT.
The kharif season harvest represents a third to a quarter of India's annual output, with the balance grown in the winter or rabi season.
Any decline is seen as helpful in driving demand, especially with the removal of import duties through March of 2007. However, these forecasts are highly speculative and any improvement in the amount of rain delivered by the monsoon could result in higher yields and a bigger kharif season crop.
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