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Informist, Monday, Jan. 20, 2025

MUMBAI – Prices of tur could drop more due to pressure from rising arrivals of the kharif crop in the short term, especially from Vidarbha in Maharashtra, the India Pulses and Grains Association said in its weekly report on Monday. However, as prices have already corrected from their highs, further declines seem limited, the association said.

Currently, markets are receiving tur with higher moisture content, which lowers the quality of the commodity. Demand from millers is seen increasing in the medium term as moisture levels drop, the association said. Arrivals from Vidarbha are expected to be of good quality, which could encourage a rise in purchases.

Stockists are also likely to start purchasing the better quality tur at lower prices. They are expected to begin buying lemon tur, a variety of tur from Myanmar, at INR 6,500 per 100 kg, with a possibility of prices hitting lows of INR 6,200-INR 6,300 per 100 kg due to a bumper crop in the country.

Pressure from imports from Myanmar is expected to increase as the Director General of Foreign Trade is likely to extend the open general licence in early or mid-February, the association said. Under the open general licence, the government has allowed duty-free imports of tur.

Government procurement may also help support prices, offering relief to the oversold market, the association said. Instead of selling their crop at lower prices, farmers in Karnataka are waiting for the government to begin its buying activities. The government has sanctioned the procurement of 306,150 tonnes of tur from Karnataka, according to a release by the National Agricultural Cooperative Marketing Federation of India on Dec. 16.

Prices of tur continued to fall in the week ended Saturday due to a rise in arrivals, limited demand from mills due to high moisture content, and weak retail demand for tur dal, or processed dal, due to the availability of cheaper vegetables, the association said.

Prices of lemon tur from Myanmar also remained low, tracking the fall in domestic tur prices, and lower cost and freight prices for shipments. The arrival of the new bumper crop is expected to lower prices further, the association said. 

In the week ended Saturday, tur prices in Kalaburagi in Karnataka fell by INR 61 to INR 6,333-INR 8,150 per 100 kg, according to the association. In Akola, Maharashtra, prices fell by INR 150 to INR 7,650-INR 7,700 per 100 kg.  End

Reported by Shreya Shetty

Edited by Avishek Dutta

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