The National Agricultural Cooperative Marketing Federation of India procured 402,049 tn tur across Karnataka, Maharashtra, Telangana, and Andhra Pradesh as of Sunday. The federation began procuring the commodity as market prices had plunged below the minimum support price of 5,450 rupees per 100 kg due to higher arrivals of the fresh crop and subdued buying by dal millers. The agency procured 256,754 tn of tur in Karnataka, 75,300 tn in Telangana, 62,741 tn in Maharashtra, and 7,254 tn in Andhra Pradesh. So far, the agency has bought tur from 317,231 farmers across these states, through about 750 centres.
Prices of tur were down in Akola, Maharashtra because of subdued demand from dal millers and slow progress in procurement in the state. Kalaburagi, another key market for the pulse, was closed because of Amavasya.
Prices of tur were down in Akola, the benchmark market for the pulse, because of expectations of rise in the supplies. Although arrivals are unchanged, the average daily arrivals have increased since the beginning of the week.
Prices of tur fell in Kalaburagi, a key market in Karnataka, due to a rise in arrivals coupled with lacklustre demand from domestic stockists and dal millers.
Prices of tur in Akola and Kalaburagi were steady as there was enough supply to meet demand.
Prices of tur in Akola were down because of subdued demand from dal millers. Increased tur sales by procurement agencies is also seen weighing on the prices.
MMTC Ltd has invited bids for sale of 9,016 metric tonne of tur imported from Africa, 7,093 metric tonne masur from Canada, and 4,887 metric tonne urad imported from Myanmar. The pulses are stocked at Central Warehousing Corp, Vashi, Ashara B3, Navi Mumbai, and Maharashtra State Warehousing Corp, Panvel. Bids have to be submitted on Oct 31, and opened on the same day. Bids remain valid up to Nov 2.
Prices of tur in Akola fell because of subdued purchases by millers amid expectations of near record output this season. Tur output in 2016-17 (Jul-Jun) was estimated at record high of 4.78 million metric tonne.
Prices of tur at Akola in Maharashtra were up because of demand from dal millers along with strength in the chana prices. In the key market of Kalburagi, Karnataka, tur was steady.
Prices of tur in Akola fell to a three-month low due to sluggish demand from dal millers. Auction of tur by government agencies along with expectations of higher output of the pulse in the country is also seen weighing on prices.
Prices of tur at Akola in Maharashtra fell as demand from dal millers was subdued. Weakness in chana prices also dampened the sentiment.
Tur prices in Akola rose slightly due to a rise in demand from dal millers and positive sentiment created with the procurement of pulses by the government.
Tur prices fell in Akola due to concerns over start of sale by the government at lower rates amid expectations of higher yield of the pulse this season.
Tur down in Akola as govt may sell stock at low rate.
Prices of urad down in Akola on sluggish demand.
Prices of urad in Akola, Maharashtra, fell due to sluggish demand. However, expectations of lower output of the commodity this season, along with buying of the new crop in some states, is likely to push prices higher in the coming months.
MMTC will offer 4,304 MT of tur imported from Malawi and Mozambique, 3,438 MT of masoor imported from Canada and 1,279 MT of urad imported from Myanmar, for auction through NCDEX e-markets. Pulses, to be auctioned, are stocked at Central Warehousing Corp and other godowns in Maharashtra, Gujarat, West Bengal, and Tamil Nadu.
Prices of tur in Akola down because of a decline in demand from millers and expectations of higher yield due to favourable weather. Reports of sale of the pulses by the government from its buffer stocks is also seen creating bearish sentiment
MMTC to auction tur, urad via NCDEX e-markets on Oct 05.
Tur prices down in Akola on lower demand from mills.