The acreage decline is pronounced in Maharashtra and Karnataka, where growers have been rather upset with low prices and inadequate procurement support. The acreage estimate is a clear indication of the mood of the growers. The Agriculture Ministry production target of 42.5 lakh tonnes of tur/arhar for 2017-18 is unlikely to be achieved. In 2016-17, the actual harvest was an estimated 46 lakh tonnes. Yet, the market is unlikely to face any shortage given the high level of existing stocks. Having fixed the MSP at a high level, the policy makers are duty bound to ensure that growers receive the minimum price. For this purpose, procurement operations have to be strengthened. Government agencies should get into a state of readiness right away. Inventory building by the private sector should be encouraged too. The target should be to procure at least 10 lakh tonnes of tur/arhar so that growers do not feel shortchanged this season too.
Small Farmers Agribusiness Consortium offer 659 tonne of tur for auction through NCDEX e-Markets. The pulse is stocked at a warehouse of Central Warehousing Corp in Chhatarpur, Madhya Pradesh.
Prices of tur at Akola in Maharashtra were down because of a weak demand from dal millers. Arrivals of tur in Akola were unchanged.
Prices of tur in Akola, Maharashtra, were down as arrivals surged five times. Prices in the benchmark market were down 50 rupees from previous close.
The National Agricultural Cooperative Marketing Federation of India has offered 1,340.24 tonne of tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Madhya Pradesh and Telangana.
The government has capped import of tur at 200,000 tonne per annum in a bid to to limit the fall in local prices. The restrictions apply until 2018. The import restrictions though not apply to the government import commitments under bilateral trade agreements and other pacts. The move comes in the wake of local tur prices falling to fresh lows due to a large crop. Robust government procurement also did not support prices. There were concerns that domestic prices may fall even further, as Africa is set to harvest a bumper crop this year, and the landed cost of the new African tur crop would be much lower than the domestic price. The government had earlier this year imposed 10% import duty on tur to check the fall in prices. The import duty, however, was not of much help, as tur is imported primarily from Myanmar and African countries, which can circumvent India import taxes due to bilateral pacts.
Tur farmers seem to be breathing a sigh of relief as prices of the pulse have recovered 30% in the past six-seven sessions–15% in just two days since the government capped imports over the weekend. Government had restricted imports of tur to 200,000 tonne per annum, following which prices of the pulse surged by 400-500 rupees per 100 kg to cross 4,300 rupees in major markets. While trading activity remained subdued due to Raksha Bandhan and lunar eclipse, prices of desi tur rose to four-month high of 4,400-4,500 rupees per 100 kg at major trading centres such as Nagpur, Latur, and Akola in Maharashtra.
Tur prices in Akola, Maharashtra, were up due to a rise in demand from millers amid a fall in supplies. Prices of tur in Kalaburagi, Karnataka, were up 100 rupees from previous close.
Tur prices fell in the key market of Kalaburagi due to weak demand from millers amid a rise in arrivals. Prices of tur in Kalaburagi, Karnataka, were down 50 rupees from previous close.
Small Farmers Agribusiness Consortium offer 3,245.16 tonne tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Madhya Pradesh.
The Food Corp of India has offered 2,000 tonne tur for auction through NCDEX e-Markets. The pulse is stocked at a warehouse in Rampur, Madhya Pradesh.
The National Agricultural Cooperative Marketing Federation of India has offered 2,850.25 tonne of tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Madhya Pradesh and Telangana.
Tur prices in the key markets rose due to improved demand from millers even as the arrivals rose. In Akola, Maharashtra, prices were up 100 rupees from previous close. Prices of tur in Kalaburagi, Karnataka, were up 150 rupees from previous close.
Tur prices in the benchmark market of Akola rose as arrivals halved amid an improvement in demand from millers. In Akola, Maharashtra, prices were up 150 rupees from previous close.
The Food Corp of India has offered 2,485.48 tonne tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Rampur and Itarsi in Madhya Pradesh.
A sharp rise in supply from overseas–largely Myanmar and some African countries like Malawi, Mozambique and Tanzania–is seen pulling down the already-low prices in a couple of months, to levels last seen in 2011. Africa tur production is expected to jump to 450,000-500,000 tonne in 2017-18, from the 350,000 tonne crop of last year. 70-80% of the African output making its way to India in the absence of other destinations. A record domestic crop, pegged around 4.5 million tonne or almost double of last year crop compounds the supply glut. Tur prices falling further, maybe towards 3,000 rupees per 100 kg in the next two months.
Tur prices declined in spot markets due to weak demand.
The Food Corp of India will offer 4,192.09 tonne tur for auction Thursday through NCDEX e-Markets. The pulse is stocked at warehouses in Maharashtra, Madhya Pradesh, and Telangana.
India tur acreage may fall around 5% in 2017-18 (Jul-Jun) kharif season as farmers are shifting to other crops for better realisation. Many farmers avoided sowing tur this year as they received lower prices for their earlier crop due to bumper production and lower-than-required procurement from the government. The sowing was down in the two largest tur-growing states of the country, Maharashtra and Karnataka, but a long-term shift in sowing pattern is more likely in southern parts of the country–Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana.
rices of tur continued to fall in Akola because of subdued demand from dal millers. However, traders anticipate a rise in demand in the coming weeks, while prices may also rise due to the slow pace of sowing of the pulse so far.