Source says govt may lift ban on tur, urad, rice futures trade.
Ram Gopal Yadav (9 years ago)

The finance ministry is likely to lift over a decade-old ban on futures trading in tur, urad and rice as inflationary fears have subsided amid ample supplies of the farm commodities. The (finance) ministry is considering a request from SEBI (Securities and Exchange Board of India) seeking government approval to revive tur, urad and rice futures. As prices of pulses have been below minimum support prices despite the government efforts, the need for lifting the ban seems to be immediate.

Delhi chana price down on weak demand by dal millers.
Ram Gopal Yadav (9 years ago)

Prices of chana fell in Delhi because of weak demand from dal millers Chana prices were down despite the Maharashtra government removing the stock limit on it. The most active August futures on the NCDEX were down 1.8%. Rajkot Gram, Besan prices moved down due to low retail demand.

Govt source says 2017-18 tur acreage may fall 5% on weak returns.
Ram Gopal Yadav (9 years ago)

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.

Tur rates down in Akola on sluggish buying.
Ram Gopal Yadav (9 years ago)

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.

India arhar prices fall sharply, traders call for easing export restrictions.
Ram Gopal Yadav (9 years ago)

Substantial stocks available with the government agencies, traders and farmers, because of a record output last year, has pulled down prices of tur or arhar sharply in the last couple of months.As a result, there has been growing demand for allowing export of pulses which may boost prices. The government must step in to stop further fall in prices of arhar. Nafed which is holding on to around a MT of arhar, has been negotiating with states to clear the stocks so that space would be created for new crop. Karnataka government has agreed to lift one lakh tonne of arhar while army, para-millitary forces have requirement of another lakh tonne.