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Informist, Monday, Jan. 6, 2025

MUMBAI – Tur prices are likely to remain under pressure this week as millers and stockists avoid purchases due to high moisture content in the new kharif crop, according to the India Pulses and Grains Association. Mills are waiting for the moisture level, which affects quality, to drop before processing more tur.

Prices could fall due to further drop in demand as mills in Tamil Nadu will be shut from Jan. 11-19 on account of Pongal. After Pongal, or Makar Sankranti, arrivals from Vidarbha in Maharashtra, and from other major tur-producing states are expected to increase, weighing down on prices.

In the short term, tur prices could fall below the minimum support price of INR 7,550 per 100 kg due to weak demand, rise in supply, and imports from Myanmar due to a bumper tur crop in the country, the association said.

In the week ended Saturday, tur prices in Kalaburagi, Karnataka, fell by INR 69 to INR 7,001-INR 8,853 per 100 kg, according to the association. In Akola, Maharashtra, prices fell by INR 275 to INR 8,125-INR 8,150 per 100 kg.

Mills are expected to resume operations when quality of tur arrivals improves and at lower prices. The government may intervene if prices reach or fall below the minimum support price, the association said.

Tur procurement under the price support scheme is yet to begin in various states, the National Agricultural Cooperative Marketing Federation of India said in a report on Wednesday. Next week, Karnataka is set to commence registration of farmers for procurement under the minimum support price. The government has sanctioned procurement of 306,150 tonnes of tur from Karnataka, according to NAFED.

Prices are expected to bottom out between late January and early March, the association said.

Last week, prices of tur fell due to weak demand from mills in view of high moisture content in new tur crop. Prices of tur dal, or processed tur, also fell last week, but less than that of the whole pulse, due to lower raw tur prices and weak sales of dal because of the availability of cheaper vegetables.

Prices of the lemon variety of tur from Myanmar also fell due to lower cost and freight quotes, the association said. Arrival of the new crop in Myanmar next week is expected to further weigh down prices of the imported lemon tur. End

Reported by Shreya Shetty

Edited by Ashish Shirke

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