Prices of tur fell in Akola, Maharashtra due to lower demand as trade was subdued after festivals. In the benchmark market of Akola, the commodity was sold down 50 rupees from previous close, while arrivals remained steady at 300-400 bags (1 bag = 100 kg).
Prices of Lemon tur in Mumbai fell because of lower demand from dal millers. The benchmark market of Akola in Maharashtra, as well as other key markets such as Kalaburagi in Karnataka were shut on account of Anant Chaturdashi.
Prices of tur in most key markets rose due to demand from dal millers. Concern about lower acreage was also seen supporting tur prices.
Importers of tur, who had signed import contracts prior to a quantitative cap on overseas purchases on Aug 5, can avail relaxation on the import cap if they register those contracts with the government. Such contracts registered by the regional authorities after verifying that companies had entered into contracts prior to Aug 5. The government on Thursday had relaxed the norms by allowing consignments from Myanmar and other exporting countries for which advance payments were made prior to the restriction.
Prices of tur in Kalaburagi in Karnataka were down as the government relaxed norms for import of the commodity from Myanmar. Importers of tur, who had signed import contracts prior to a quantitative cap on overseas purchases on Aug 5, can avail relaxation on the import cap if they register those contracts with the government.
Market delivery prices of food grains and pulses at Rajkot in India western state of Gujarat opened on a mixed trend. Bajri prices eased due to low retail demand. Tur Dal prices improved due to short supply. Arrivals-transactions at market yard are low. It resumed after 10 days as commission agents called off their strike.
India, which had capped import of tur at 200,000 tonne earlier this month, has now relaxed the curbs for tur consignments coming from Myanmar for which advance payments had been made prior to the restriction. Tur import consignments from Myanmar for which advance payments were made before Aug 5, and invoices and payment documents have been authenticated by the Myanmar government and banks, allowed to come in despite the import cap. The relaxation comes as a relief to Burmese pulses exporters, which have sold large quantities of tur to India. On Aug 5, India had capped import of tur at 200,000 tonne per annum to check the fall in local prices following a bumper harvest of pulses in 2016-17. The import cap, in effect, was a ban on further imports of tur, as India had imported close to 250,000 tonne of tur during Apr-Jul. The import restrictions on tur are not applicable to imports under bilateral trade agreements.
Prices of tur in Akola were down, tracking weakness in chana prices, and due to a revival in monsoon rains in key growing areas. Lower demand for tur from dal millers is also seen weighing on sentiment.
Prices of tur in Gulbarga, Karnataka, were down because of weak demand from dal millers. Arrivals were steady at 5,000-6,000 bags (1 bag = 100 kg). In the benchmark market of Akola, prices were steady, as low demand offset a decline in arrivals.
MMTC offer 10,992.06 tonne of masoor imported from Canada and 1,846.97 tonne of tur imported from Kenya and Mozambique for auction through NCDEX e-Markets. The pulses are stocked at warehouses in West Bengal, Gujarat and Maharashtra.
Prices of tur were down in Latur, Maharashtra, owing to subdued demand from dal millers and domestic stockists. An increase in the arrivals of the pulse also weighed on price. Arrivals were estimated at 7,000 bags (1bag=100kg), as compared to 5,000 bags on previous close.
Prices of tur fell in the benchmark market of Akola, Maharashtra, due to subdued demand at higher rates. Prices of the commodity had increased due to improved sentiment, following the government decision to cap imports of urad, moong and tur. Arrivals were steady at 600-700 bags (1 bag = 100 kg). Kalaburagi, a key market for tur, was closed due to strike by traders protesting the mandatory e-payment system launched by the Karnataka government Rashtriya e-Markets Services.
Prices of tur in the benchmark market of Akola, Maharashtra, rose due to improved sentiment. Arrivals were at 700-800 bags (1 bag = 100 kg), down from 1,000 bags on previous close. The price up of lemon tur in Mumbai.
Prices of tur were unavailable as key markets, including Akola in Maharashtra and Gulbarga in Karnataka, were shut for Amavasya.
The significant decline in acreage in two of the largest tur-growing states–Maharashtra and Karnataka–has pulled down the country’s total area under the crop. Tur acreage in Maharashtra was down 15.2% on year at 1.26 million ha as and in Karnataka, the acreage declined 28.8% to 817,000 ha.
Prices of tur fell in key markets because of a fall in demand from millers. Arrivals of tur in Akola unchanged.
Prices of tur in Akola, Maharashtra, declined as arrivals doubled amid higher realization for the commodity. Prices have been hovering around four-month highs recently, due to an improvement in sentiment for the commodity after the government limited annual imports to 200,000 tonne.
Prices of tur at Akola, Maharashtra, rose because of improved demand from dal millers.
More imports of tur in the current financial year are not required as the 200,000-tonne limit for the fiscal has already been hit. The government has capped import of tur at 200,000 tonne per annum in a bid to check the sharp fall in domestic prices. The import restrictions though not apply to the government import commitments under bilateral trade agreements and other pacts. The move of capping imports comes in the wake of domestic tur prices plunging to fresh lows due to bumper production. Huge procurement to buoy the falling prices by the government also did not serve the purpose.
Prices of tur in Akola, Maharashtra, rose because dal millers stepped up purchases ahead of festivals.