Tur spot rates down on lower demand from dal millers.

Prices of tur were down in Akola and Mumbai due to sluggish demand from dal millers. Tur prices have fallen despite lower acreage so far this year as demand is subdued and there are concerns over likely cheap imports from Africa in the coming months.

Maharashtra buys record high of 673,476 tonne tur, pays 33.4 billion.

The Maharashtra government has procured a record high of 673,475.6 tonne tur from Dec 15 to Jun 12, for 34.01 billion rupees. Of the total amount, 33.41 billion rupees have been paid to the farmers. Tur was procured from 354,417 farmers from 323 centres at a minimum support price of 5,050 rupees per 100 kg, including a bonus of 425 rupees. The state government has also proposed to the Centre that the import duty on tur be increased to 25% from 10%, in order to support the prices in the domestic market.

African new crop tur prices at 4-year low as demand from India falls.

Prices of new crop tur of the African origin have hit a four-year low due to muted demand from India following sufficient stock of the pulse. Tur prices in Indian spot markets are way lower than the minimum support price, thereby, hardly giving any incentives to importers to ship the pulse from African countries. The new crop African origin Matwara tur variety is sold at $425 per tonne on cost and freight basis, down from $900 per tonne in the year-ago period, while Kenya origin was sold at $390 per tonne from $850 per tonne. About 70-75% of tur from African countries are shipped to India, which is the largest producer and consumer of tur. Sufficient stocks of tur in India following bumper production, limited demand from the dal millers is seen creating bearish sentiment in the global market as the former is a key buyer for their produce.

Tur arrivals up in Gulbarga; prices unchanged.

Tur arrivals rose in Gulbarga, Karnataka as farmers offloaded their supply on expectations of improved sowing in the wake of favourable monsoon in the last two-three days. However, prices of the pulse in Gulbarga, Karnataka, were steady as farmers refused to sell their stock at lower prices. However, price of tur will find support in the coming days due to improvement in chana prices.

Tur price up in Akola as weak rains may hit sowing.

Prices of tur rose in Akola, Maharashtra, as poor monsoon rains in the state may affect sowing. Lower arrivals amid improved demand for the commodity also supported prices. In Akola, tur was quoted up 50-75 rupees from previous close. Arrivals of tur in Akola were estimated at 500 bags (1 bag = 100 kg), down 200 bags from previous close.