Monsoon brings heavy rainfall
An increase in acreage in India initially fuelled hopes of a larger crop this year. Now, however, local market players report that the Mainpuri region in the main cultivation area of Uttar Pradesh has experienced heavy rainfall, which has led to high crop damage. There are no official figures yet, but estimates are for a loss of 15-20%, and the high humidity could also cause quality problems. This circumstance could lead to prices, which initially fell further compared to last week, ending their downward trend and instead rising again.