Tur outlook Firm in near term

Due to fears that output in Maharashtra and Karnataka, the top two producing states, may fall 30-50% due to drought. Maharashtra and Karnataka together account for around 40% of the country’s 4-mln-tn tur production.

Recently,NAFED also holds its tur tender and IMD outlook for lesser rain also fuel up the firmness in the prices.

During the Jun-Sep southwest monsoon season, Maharashtra and Karnataka received 8% and 6% below-normal rainfall, respectively. However, the timing and distribution in key tur-growing areas was even worse. This was reflected in declaration of droughts in large parts of both the states.
The Maharashtra government has declared drought in 151 talukas, of which 112 have been severely hit, some of which includes Dhule, Bhusawal, Jalgaon, Ahmednagar, Shegaon, Aurangabad, Akkalkot, Solapur, Jalna, Hingoli and Nandurbar.
Karnataka has declared drought in 100 talukas in the state, many of which are dominated by tur crop.

Procurement of moong (green gram) and urad (black gram) has commenced in some pockets of Maharashtra, as the state is busy rolling out the price-deficiency support scheme PM-AASHA, under which support prices are at least 1.5 times the cost of production.

Tur MSP is Rs.5675 per 100 kgs, and traders also expecting some bonus from major states.