Tur, urad prices jump by 8-10% in a month in India

Dried Pigeon Pea

Dried Black Gram Bean

India

Published Mar 29, 2023

Tridge summary

Prices of tur and urad have jumped 8-10% in a month while the central government began taking steps to increase availability of tur by constituting a committee to monitor the situation. Prices of chana dal have also increased by about 4-5% during this period.The bullish sentiments in tur and sudden sharp jump in prices last week has influenced prices of the entire pulses complex.“The government is also closely watching the stock position of other pulses in the domestic market to take necessary pre-emptive measures in the event of unwarranted price rise in the coming month,” said the ministry of consumer affairs in a statement on Monday. India will have to meet the gap between demand and supply of tur and urad through imports during next few months. The country has already allowed import of both the commodities at zero duty till March 2024.

Original content

Market participants said that lower-than-expected arrivals coupled with good demand are keeping prices under pressure.“Prices have been moving higher from past one month. for the domestically grown pulses as well as imported quality due to lower arrivals in the mandis and good demand in the local market. Even as the price of whole tur has reached Rs 90/kg, we are not seeing increase in arrivals,” said Harsha Rai, owner, Mayur Global Corporation. Desi tur prices have moved higher about Rs 7-8 per kg in several mandis. In the Chennai market price of the imported tur has moved up from Rs 76/kg at the beginning of March to Rs 82/kg now; the while price of urad has moved up from Rs 68/kg to Rs 75/kg in the same period. Government procurement of chana and masur at minimum support price has lent some support to these pulses, whose prices were ruling at lower than MSP levels .Prices of chana have firmed up by Rs 2-3/kg within a week as the government is buying at support price.The trade ...

Source: Economic times