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Informist, Monday, Jan. 27, 2025

MUMBAI – Prices of tur are expected to drop this week as arrivals of the kharif crop are expected to increase, the India Pulses and Grains Association said in its weekly report on Monday. Large arrivals are expected from Maharashtra and Karnataka in major trading hubs, the association said.

However, demand is seen increasing, as mills are likely to begin purchasing tur at around INR 6,500 per 100 kg for processing for dal production soon, the association said. While demand could revive at lower rates, farmers are holding back their stock in hope of the government's procurement at the minimum support price of INR 7,500 per 100 kg, the association said. The procurement activity is likely to support prices, preventing a further drop.

While central allocations for procurement have been made, there has been no action at the state level, the association said. Registrations of farmers for tur purchase at the minimum support price have begun in Maharashtra. Meanwhile, the Karnataka state government has announced a bonus of INR 450 per 100 kg, above the minimum support price of INR 7,550 per 100 kg for procurement.

Though government buying could support prices, a substantial rise could be prevented due to ample imports, the association said. Similar to India, Myanmar's tur production is good, while the country already has African shipments lying in Mumbai ports. After April, imports from Sudan and other African nations are seen increasing, the association said.

Tur prices continued to fall in the week ended Saturday due to a rise in arrivals of the kharif crop and limited purchases by millers due to quality variations in the pulse, the association said. Prices were also weighed down by muted demand for tur dal or processed dal, due to the availability of cheaper vegetables, the association said. 

Stockists remained inactive, despite lower on-year prices, the association said. The market sentiment was also affected by the government's decision to extend the duty-free imports of tur for another year, to Mar. 31, 2026, to boost supplies.

On the other hand, prices of imported tur from Myanmar rose due to higher cost and freight quotes, demand from mills, and low availability of stock. However, prices of imported tur are likely to come under pressure due to the bumper crop in Myanmar, and some market players created additional pressure through forward contracts, the association said.

In the week ended Saturday, tur prices in Kalaburagi in Karnataka rose slightly by INR 18 to INR 6,400-INR 8,168 per 100 kg, according to the association. In Akola, Maharashtra, prices fell by INR 175 to INR 7,500-INR 7,525 per 100 kg.  End

Reported by Shreya Shetty

Edited by Deepshikha Bhardwaj

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