Commodity Outlook – Tur (Red Gram)

agribazaar December 29, 2020

Sowing period: June to July
Harvesting period: November to February
Crop season: Kharif

Key growing locations for Tur:

Maharashtra – Amarawati, Wardha, Vashim, Latur, Buldhana, Akola
Telangana – Adilabad, Warangal, Karimnagar, Nalgonda
Karnataka – Gulbarga, Raichur, Bidar, Bijapur
Madhya Pradesh – Raisen, Sehore, Hoshangabad, Narsinghpur
Gujarat – Junagarh, Rajkot, Dahod
Uttar Pradesh – Kanpur, Hathras, Hardoi, Agra

Production trend and Stock position:

As per the Ministry of Agriculture first advance estimate released on September 22, 2020, Tur production for 2020-21 was 4.04 million metric tonnes (Mn MT) compared to previous year which was 3.83 Mn MT, up by 5.48 percent
Arrivals from other Tur growing regions are expected from the third week of December 2020.
NAFED released a statement on Twitter that the Ministry of Agriculture & Farmers welfare sanctioned procurement of Tur under Price Support Scheme in Maharashtra State for Kharif 2020-21 and NAFED has been making all arrangements to undertake this procurement operation where the farmers have to first register themselves with them.
With the recent rains that said to be positive for the standing crops including Tur in central and north regions of India and according to media reports no major loss of Tur crop has been reported from south India from recent rains and swift wind.

Monsoon Update

For the country as a whole, Seasonal cumulative rainfall during this year’s southwest monsoon season upto December 23, 2020 was above Long Period Average (LPA) by 3 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

Market commentary: Price outlook

Overall Tur prices are likely to trade steady to slightly weak in the immediate / short term with a possibility of a downtrend to continue in spot market due to the coming arrival season.
The Government had increased the Minimum Support Price (MSP) on September 21, 2020 of Tur by 3.45 percent to ₹6,000 per quintal for 2020-21 compared to ₹5,800 in 2019-20.