Tur prices down in Akola on weak demand from mills

Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.

India ban hits Tanzania’s pigeon pea farming

Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.

Centre OKs procurement of 55,600 tn of tur in Andhra Pradesh on MSP

The Centre has approved the procurement of 55,600 tn of tur grown in 2017-18 (Jul-Jun) in Andhra Pradesh under the price support scheme to support prices of the commodity. Procurement of tur in the state is already underway and may end on May 1. As of Tuesday, the National Agricultural Cooperative Marketing Federation of India had bought 30,095 tn of tur from farmers in the state. Procurement has begun, as prices of tur started falling below the minimum support prices of 5,450 rupees per 100 kg, inclusive of a bonus of 200 rupees.

Tur price up in Akola, Kalaburagi on higher demand

Tur prices in Akola and Kalaburagi rose because of demand from dal millers. Gains in chana prices are also seen supporting tur prices as both are substitutes for each other. Reports that Karnataka government may buy 364,000 tn of tur from 264,000 tn earlier to support prices of pulse is seen boosting ssentiment.

Tur prices down in Kalaburagi on weak demand

Prices of tur fell in Kalaburagi, a key market, despite a decline in arrivals due to subdued demand from millers. Supplies are usually higher on the first day of the week and decline as the week progresses.

NAFED procures 402,049 tn of tur at MSP across four states

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.

Tur prices down in Akola, unchanged in Kalaburagi

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.

MMTC invites bids for sale of 9,016 metric tonne of imported tur.

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.