SEBI mulls lifting decade-old ban on tur, urad futures.

The Securities and Exchange Board of India (SEBI) may soon allow futures trading in tur and urad dal as the regulator considers lifting a decade-old ban. Agri-commodities bourse NCDEX has also sought the regulator’s nod for relaunching futures trading in tur and urad. Trading in tur and urad was banned in 2007 after a spike in prices of these commodities Currently, these commodities have been trading below the minimum support price (MSP), which is a cause of concern for the government. If SEBI allows future trading in tur and urad, it may ease cartelisation in pulses. Large players will also show interest and derivative is a good tool for price discovery.

Aug pulses import at Chennai port down 4% on month, tur imports rise

Import of pulses at Chennai port fell 3.9% on month in August to 40,224 tn, as urad imports fell sharply. Import of urad in August declined in anticipation of the new crop hitting markets in Karnataka, Madhya Pradesh and Maharashtra in September. Imports of urad fell sharply to 23,856 tn in August from 32,184 tn in July, and 33,720 tn in the corresponding period last year. However, imports of tur last month rose to 11,640 tn compared with 7,752 tn in July. Overall imports of pulses at the various ports remained lower due to restriction by the government in order to support domestic prices.

Maharashtra Markfed to sell 30,286 tn tur

Maharashtra State Co-operative Marketing Federation has offered to sell 30,286 tn of tur through NCDEX e-Markets. The tur to be auctioned is stocked at godowns of Maharashtra State Warehousing Corp.

Kharif tur area up nearly 1% at 4.57 mln ha

Area under tur was up nearly 1% at 4.57 mln ha because acreage in Karnataka, one of the key producing states, rose on the back of good monsoon. Good rains in north Karnataka led to higher acreage, said Vishwanath Biradar. Though acreage in another key producer Madhya Pradesh is down on year, it is higher than the season’s normal acreage based on five-year average.

Tur arrivals fall in Kalaburagi; Akola mkt reopens

Arrivals of tur fell in Kalaburagi, Karnataka, to near 1,000 bags (1 bag=100 kg) from 1,500 bags, as farmers believe their produce was fetching lower prices. Prices of tur were unchanged at 3,750-3,850 rupees per 100 kg. Farmers are getting 1,700 rupees below the minimum support price of 5,450 rupees per 100 kg for old crop of tur. Prices of tur in Akola were unchanged at 3,850.

Kharif tur area unchanged on yr at 4.45 mln ha.

India’s tur acreage was at 4.45 mln ha, largely unchanged from the previous year. Acreage under tur in Karnataka, the second largest producer of the pulse, was up 12.3% on year at 984,000 ha. During Jun 1-Sep 2, Karnataka received 693.6 mm rainfall, 2% above the normal weighted average of 683.0 mm. In Maharashtra, the area under tur was down 4.5% on year to 1.2 mln ha.

Maharashtra sees tur crop halving to 1 mln tn 2017-18.

Tur output in Maharashtra is estimated to nearly halve to 1.1 mln tn in 2017-18. Tur output in Maharashtra is estimated to nearly halve to 1.1 mln tn in 2017-18. Production of soybean is also pegged lower because of sufficient inventories and lower exports of the meal. Soybean output is estimated to fall 15.2% on year to 3.9 mln tn. Chana output in the state is estimated to fall to 1.8 mln tn, down 8.1% on year.

Maharashtra sends 50 tn tur dal to flood-hit Kerala.

The Maharashtra government has sent 50 tn tur dal to Kerala which is witnessing the worst floods in a century that have left hundreds dead. State agriculture minister Chandrakant Patil flagged off the Netravati Express carrying the pulse. Other pulses, rice, cereals, dry fruits, and biscuits have also been sent to the flood-hit state.

Kharif tur area unchanged on yr at 4.38 mln ha.

India’s tur acreage was at 4.38 mln ha, largely unchanged from the previous year. Although area under tur fell by 4.2% on year in Maharashtra, the largest producer, and was 3.4% lower in Madhya Pradesh, another major grower of pulses, a rise in acreage under the pulse in the southern state of Karnataka has compensated for the loss. Area under tur in Karnataka as of Wednesday was up 16.5% on year at 966,000 ha as the state received good rainfall. During Jun 1-Aug 26, Karnataka received 657.6 mm rainfall, 1% above the normal weighted average of 650.1 mm.

Kharif tur area unchanged on yr at 4.38 mln ha

India’s tur acreage was at 4.38 mln ha, largely unchanged from the previous year. Although area under tur fell by 4.2% on year in Maharashtra, the largest producer, and was 3.4% lower in Madhya Pradesh, another major grower of pulses, a rise in acreage under the pulse in the southern state of Karnataka has compensated for the loss. Area under tur in Karnataka as of Wednesday was up 16.5% on year at 966,000 ha as the state received good rainfall.

Tur prices down in Kalaburagi on poor demand.

Prices of tur fell in Kalaburagi due to poor demand from millers and as worries of lower yield in Karnataka eased following a pick up in rains. In Kalaburagi, prices of tur were down 25-50 rupees at 3,700-3,900 rupees per 100 kg. In Akola, prices of the commodity were unchanged at 3,700 rupees per 100 kg. Arrivals in the market were unchanged at 500-600 bags (1 bag = 100 kg).

Tur dn in Kalaburagi as rains pick up, flat in Akola.

Prices of tur in Kalaburagi, a key market, fell because a pick-up in rains in the key growing regions of Karnataka eased worries of lower yield in the state. In Kalaburagi, prices of tur were down 25 rupees at 3,750-3,925 rupees per 100 kg. Sale of the commodity by the government also contributed to the bearish sentiment. In Akola, the benchmark market for tur, prices of the commodity were unchanged at 3,800-3,850 rupees per 100 kg.

Kharif tur area dn 0.2% on yr at 4.2 mln ha.

Indias tur acreage was down 0.2% on year at 4.2 mln ha. Area in Maharashtra, the largest producer, fell by 4.4% to 1.2 mln ha due to erratic rainfall. In Madhya Pradesh, another major grower of pulses, tur area was down 1.6% at 625,000 ha. Farmers have shifted to soybean and paddy from pulses this year in Madhya Pradesh due to expectation of better returns from these crops. However, in Karnataka, the acreage has been higher due to good rainfall this year in the state. Area under tur in Karnataka was up 16.8% on year at 947,000 ha.

Tur prices rise in Akola, unchanged in Kalaburagi.

Prices of tur in Akola rose because the commodity’s stock with NAFED, which was selling it in the open market, have reduced significantly. In Akola, the benchmark market for tur, prices were at 3,875-3,900 rupees per 100 kg, up 25-50 rupees. The arrivals were steady at 750-800 bags (1 bag=100 kg). In Kalaburagi, a key market, prices were unchanged and arrivals were pegged unchanged.

Tur prices flat in Akola even as arrivals rise.

Prices of tur in Akola, the benchmark market for the commodity, were flat despite a rise in arrivals. Arrivals rose due to anticipation of demand in the coming days as well as the fact that farmers need extra cash for sowing. In Akola, tur was quoted as 3,700-3,750 rupees per 100 kg. In Kalaburagi, a key market for the commodity, prices were unchanged at 3,700-3,925 rupees per 100 kg and arrivals were steady at 2,000 bags.

As tur acreage rises, farmers push for curbs on imports.

As a larger area comes under tur or arhar (red gram) in the ongoing kharif sowing season, growers — in anticipation of a higher output — want the Centre to curb all forms of imports to keep prices stable during the harvest season. The acreage under tur as on August 3 has exceeded the year-ago period’s levels as farmers have brought a larger area in Karnataka, Madhya Pradesh, Telangana and Andhra Pradesh, among others, under cultivation. While the acreage under tur and moong has seen a rise, the area under all pulses has been trailing the year-ago figure by around four per cent at around 75 lakh hectares. Tur accounts for over half the acreage under pulses. Across major markets in the key producing States of Karnataka and Maharashtra, tur prices are hovering between ?3,500 and ?3,800 a quintal, much lower than the minimum support price (MSP), on ample supplies.

Maharashtra Markfed to sell 27,584 tn tur.

Maharashtra State Co-operative Marketing Federation has offered to sell 27,584 tn of tur through NCDEX e-Markets. The tur to be auctioned is stocked at godowns of Maharashtra State Warehousing Corp in Akola, Jalgaon, Parbhani and Buldhana.