Sharp Decline in Tur Prices

26-Dec-2024 12:18 PM

Sharp Decline in Tur Prices
New harvest arrivals in Karnataka and Maharashtra are putting pressure on tur prices.
Tur prices in mandis, which were ₹10,000 per quintal 2-3 months ago, are now near MSP levels.
As per government data, the all-India retail price of tur dal was ₹156.44/kg yesterday, compared to ₹161.31/kg a month ago and ₹155.08/kg last year.
Myanmar tur prices have dropped from $960/ton last week to $920/ton today.
Chennai tur lemon is trading at ₹7350-7400/ton, Mumbai tur lemon at ₹7400-7500/ton, and Mozambique tur at ₹6500/ton.
Prices in mandis: Pipariya ₹6000-8000, Akola Vidarbha Red Maruti ₹7900-7950, Latur Pink ₹7900-7910, slightly above MSP.
From April to November, India imported 9.96 lakh tons of tur, up from 5.45 lakh tons in the same period last year.
Domestic tur production has been strong this year, compensating for previous deficits through imports.
Myanmar's new tur crop will start arriving in India by February, ensuring smooth supply.
The government has allocated a quota of 9.66 lakh tons for tur procurement in states like Uttar Pradesh, Karnataka, Andhra Pradesh, Telangana, and Haryana.
Surprisingly, Maharashtra has not yet announced its tur procurement plans.
Caution: Considering all these factors, avoid making aggressive trades in tur.