Ukraine crisis: Most crops trade above MSP save chana and some other pulses

Gains for farmers, but retail and wholesale inflation likely to be impacted

The Russia-Ukraine crisis, coupled with the general bullishness in agricultural commodities, has ensured after a fairly long time, that most of the 24 commodities for which the Centre declares the Minimum Support Price (MSP) are trading above it. The exceptions here are chana or gram and a few other pulses.

This might gladden the hearts of farmers, especially those who are still holding onto their stocks from the previous kharif harvest or are harvesting the latest rabi crop. But it could also impact retail and wholesale inflation going forward.

Data sourced from various market agencies and traders showed that among