Prices of tur in Akola up slightly due to demand from dal millers while the market in Kalaburagi, Karnataka was closed on the occasion of Dussehra.
Tur up in Akola, Kalaburagi shut on Dussehra holidays
Prices of tur in Kalaburagi were up because of a rise in demand from millers. Acreage of tur across the country is down 19% on year at 4.2 million ha. This is also seen supporting the upside in tur prices. The country harvested 9.33 million tonne Chana in the last crop year ended June, up sharply from 7.06 million in the previous year. Traders, however, believe that the government’s data on chana production was inflated, and the crop may have been much smaller, as stocks are low.
Prices of tur in the benchmark market of Akola, Maharashtra, rose a tad because of expectations of a revival in demand. Expectations of near record output in Karnataka are seen weighing on tur prices. The first advance estimates, production of tur in 2017-18 is estimated at 3.99 million tonne, down from 4.78 million tonne the previous year.
Prices of tur at Akola in Maharashtra rose marginally due to concern over low output this year. The government has pegged the 2017-18 tur output at 3.99 mln tn, down from 4.78 mln tn the previous year.
Tur prices tad up in Akola on low output worries.
Prices of tur at Akola in Maharashtra were down because of weak demand and sale of the commodity by government agencies. In Mumbai, lemon tur was down 50 rupees and in Kalaburagi, a key market, it was down by 150 rupees.
Prices of tur in Akola, Maharashtra, were down because of expectations of rise in the crop’s yield due to fresh spell of rains in Marathwada and Vidarbha regions. Despite a fall in acreage this year, fresh spell of rains in key growing regions of Maharashtra is likely to boost yield.
Prices of tur in Akola, Maharashtra, rose as demand from millers improved. In Akola, the benchmark market, tur traded up 50 rupees from previous close. Arrivals were steady at 300 bags (1bag=100kg).
India’s tur production for 2017-18 is likely to be slightly lower on year. The farm ministry, in its fourth advance estimate released in August, had predicted India’s 2016-17 tur output at 4.78 million tonne. Tur output is expected to come down slightly, but output of urad is seen higher from last year. A significant decline in area under tur so far is likely to pull down output for the pulse this season but higher acreage under urad is seen raising production. The area under tur crop fell nearly 18% on year to 4.3 million ha as of last week, and that under urad was at 4.26 million ha, up 21% on year.
Prices of tur in Akola, Maharashtra, declined as demand from millers fell. NAFED sold the pulse at lower rates of 3,800-4,000 rupees per 100 kg in the market which also created bearish sentiment.
Tur output in Maharashtra for 2017-18 (Jul-Jun) is seen falling 43.3% on year to 1.15 million tonne due to lower acreage and yield. The tur output in the state in the year-ago period was at a record 2.04 million tonne. Farmers have covered lesser area under the pulse this season as tur prices traded below the minimum support price of 5,450 rupees per 100 kg including a bonus of 200 rupees.
Prices of tur in Akola, Maharashtra, declined as demand from millers fell. Prices fell even as the government lifted ban on exports of tur dal, urad and moong.
An outbreak of sterility mosaic infection has been spotted on the tur crop in some districts of Karnataka. The infection is caused by an insect attack and humid weather is conducive for its spread. Agrimet has advised farmers to uproot the infected plant and spray insecticide to control its spread. Karnataka is the second largest producer of tur in the country after Maharashtra. Farmers in the state have sown the crop over 878,000 ha as of Sep 7, down 26% from last year.
Prices of tur in Kalaburagi, Karnataka, because of subdued trade due to confusion over the new amendment in the goods and services tax. Traders were uncertain about how branded and non-branded items distinguished for the purpose of determining the GST rate applicable.
Prices of tur in Kalaburagi, Karnataka, fell as confusion over the new amendment in the goods and services tax led to lower buying of the commodity. Traders were uncertain about how branded and non-branded items distinguished for the purpose of determining the GST rate applicable.
Production of tur in Karnataka is estimated to have declined 45% on year to 663,000 tonne in kharif season due to sharp fall in acreage and yield. In 2016-17, tur prices had slipped below minimum support price because of a record high output, which prompted farmers to shift to cotton sowing from tur in the current kharif season.
MMTC Ltd has floated a tender to sell 4,211 tonne imported tur from the 2016 Malawi, Mozambique crop and 2,963 tonne urad from the 2016 Yangon, Myanmar crop. The tur and urad are lying at the Central Warehousing Corp in Virungambakkam and Madhavaram in Chennai and National Collateral Management Services Ltd’s M.K, Balaji and PKC warehouses. Bids must be submitted on Sep 19, and opened the same day. The bids remain valid for acceptance till Sep 25. In another tender, MMTC invited bids for sale of 4,055.64 tonne imported tur from Africa and 2,491.56 tonne red lentils imported from Canada.
Following the imposition of annual import ceiling on pigeon peas (tur dal) fixed at two lakh tonne last month in response to the glut in the domestic market, the Centre has allowed an additional 40,000-44,000 tonne of the pulse to be imported. This has been done to accommodate the orders already paid for by traders prior to the restriction. It was brought to the notice of the Directorate General of Foreign Trade that some traders had already given advance to foreign suppliers before the import ceiling was imposed. Since they can’t get their money back they are being allowed to import the contracted amount. When the government imposed the import restriction of an annual 2 lakh tonne on tur dal, the import limit had almost been reached. So the additional amount that is coming to the market is just restricted to the 44,000 tonne of pigeon peas that was contracted before the restriction was imposed.
Prices of gram and tur rose by up to Rs 200 per quintal at the wholesale market on pick-up in demand from retailers. Uptick in demand from retailers against restricted supplies from producing belts amid some enquiries from dal mills mainly helped gram and tur prices to trade higher.