TUR prices fall in Karnataka, Maharashtra mandi as arrivals rise.

Prices of tur (pigeon pea) across mandis in the key producing regions of Karnataka and Maharashtra have started declining as market arrivals have begun to increase. This should provide some relief to the Centre, which is concerned over food inflation, and consumers. In Karnataka, the modal price (the rate at which most trades take place) have declined by 14-15 per cent over the past week in mandis such as Kalaburagi, Yadgir, Bidar and Raichur among others. Similarly, in the mandis of Maharashtra such as Latur and Udgir among others, prices have declined by over a tenth in the past week.

Watching cautiously

The modal price of tur is hovering slightly above the ₹8,000 levels per quintal in Karnataka and Maharashtra, easing by over ₹1,000 in the past week. MSP 2023-2024. for the year is ₹ 7,000 per quintal. “The season has started and the prices of non-essential items have come down significantly. The store is at a standstill,” says Nitin Kalantri, a miller and trader in Latur. Kalantri said business is cautious and awaiting arrivals. and price changes in Vidarbha and Karnataka. Kalantri arrived at Latur 10,000-12,000 tonnes on Tuesday and prices were in the range of ₹ 7,800-8,500/quintal, according to data. The average prices were around ₹8,250 on Tuesday.

According to the India Pulses and Grains Association (IPGA)’s trade update, prices of tur dal in the key market of Akola have come down to ₹13,600 a quintal on Jan 2 compared with a peak of ₹17,000 in early September — a decline of about 20 per cent. “The market arrivals of tur have increased resulting in improved availability as a result of which prices have started declining. Also the deals for imports from Myanmar have started happening,” said Rahul Chauhan of IGrain India.

Impact of monsoon

Tur acreage was impacted by the delayed monsoon during 2023 and per the first advance estimates, the output is expected to be around 34.21 lakh tonnes, marginally higher than the previous year’s 33.12 lakh tonnes. According to trade estimates, India consumes around 45,000 tonnes of turmeric, with imports from Myanmar and East African countries such as Mozambique and Malawi covering the shortfall.

The government recently extended the duty-free import window for pulses such as tur, urad and lentils until March 31, 2025. As of December 31, government-imposed pulse storage restrictions for retailers also ended, shops and factories. The Ministry of Consumer Protection has imposed storage restrictions on retailers, shops and factories from November 6, 2023 to December 31, 2023. Trade estimates that Myanmar will import about 3.5 million tons in 2024. In a recent webinar organized by the Indian Pulses and Cereals Association, President of Myanmar Overseas Agro Traders Association Shyam Narasaria said that Myanmar’s Tur production will be 3.5 lakh tonnes in 2024 (2.6 lakh tonnes last year). but can go up to 3.75-4 lakh tonnes in favorable weather.

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