Tur fails to recover despite stock cap removal, proposed hike in MSP.

Prices of tur failed to recover even after the government removed stockholding limits and proposed a hike in MSP, as most states have not issued a notification so far. Govt has removed the stock limit on pulses to step up purchases by the local traders in order to provide support to most of the pulses, particularly tur, which has been selling below the MSP over the last four-five months. Govt proposal to increase the MSP of tur by nearly 7% in 2017-18 kharif season also failed to lift prices. Prices of tur also continue to remain weak as the traders are unclear over the goods and service tax levies over the pulses sector.