Commodity Insights Arhar (Tur)

Current Market Developments:

  • As depicted in the adjacent price chart, Tur prices in most of the domestic markets continue to remain strong tracking steady buying demand from traders and processors.
  • In the last couple of weeks steady arrivals have been noted in the markets of Maharashtra, Madhya Pradesh, and Gujarat.
  • To minimize the imports, the government has set a target to be self-reliant in the pulses sector by 2027 and to deal with it Government plans to procure 100 percent Tur from farmers at Minimum Support Price (MSP) or Market prices whichever is higher.
  • Recently, the government has launched a new portal that will enable the National Agricultural Cooperative Marketing Federation of India (NAFED) and the National Cooperative Consumers’ Federation of India (NCCF) to purchase Tur directly from registered farmers.
  • As per market sources, the Telangana government has decided to purchase around 50 thousand tonnes of Tur from farmers at prevailing market price through Markfed. The MSP of Tur is Rs 7,000 per quintal whereas the current prevailing market prices are in the range of Rs 8,500 to Rs 9,800 per quintal depending on the quality and quantity. The Tur acreage in Telangana during the current season was 4.74 lakh hectares and the production expectation is of around 2.37 lakh tonnes.
  • On the import front, a significant increase has resulted in sufficient supplies in domestic markets. According to the Ministry of Commerce and Industry, the imports increased significantly by 65 percent at 4,39,999.01 tonnes during the April-October 2023 period as compared to 2,66,438.01 tonnes in April-October 2022 period. In the month of October 2023 imports increase by 51 percent at 1,65,917.45 tonnes as compared to 1,09,783.68 tonnes in the same month last year.
  • The government in its First Kharif season crop production estimates 2023-24 has estimated Arhar (TUR) production at 34.21 lakh tonnes. However, trade sources are estimating the 2023-24 crop production to be around 31 to 32 lakh tonnes.

Monthly Price Trend Vs Seasonality at Key Markets

PIGION PEAS (TUR) IMPORT STATISTICS

Domestic Arhar (Tur) Area, Production and Yield

Disclaimer:
This report is prepared by “agribazaar”. Information and opinions in this report have been taken from publicly available data and from sources believed to be reliable. Neither the report nor any part of the report shall be replicated without the written consent. agribazaar does not make any representations or warranties in relation to the accuracy, completeness and correctness of data or information contained in this report. Use of the data, information or opinions contained in this report is at the sole risk of the recipient of this report, and any such data, information or opinion should be independently verified. agribazaar, its affiliates, their officers, directors, and employees shall not be responsible for any loss or damage that may arise to any person from any error in the data, information or opinion contained in this report.
“agribazaar” 2024.

More Articles for You

Commodity Insights: Coriander

Domestic Market Highlights Currently, the crop supplies in domestic markets have started reducing. Earlier in the month of March, the …

agribazaar’s Digital Approach to Revolutionise Indian Agricultural Supply Chain!

The agricultural sector is not left behind in an era of rapid digital transformation. agribazaar is reshaping the landscape of …

ई-प्रोक्योरमेंट: ई-खरीद सुविधा के साथ आसान एवं सुरक्षित भुगतान!

आजकल कृषि उत्पादों की खरीद और बिक्री को डिजिटल तकनीकों के माध्यम से प्रबंधित करने की आवश्यकता बढ़ रही है। …

Commodity Insights Guar Seed

Current Market Developments Currently, Guar seed and Guar gum prices continue to remain strong as supplies have declined in domestic …

WhatsApp Connect With Us