Crop yield decline to boost tur prices

This year's tur crop is seen weaker, both domestically and internationally, which is expected to push up prices.

The commodity's likely yield decline is a matter of concern in Uttar Pradesh. States such as Maharashtra and Gujarat are also no different. New crop is expected to arrive in Madhya Pradesh by March.

There are reports that stockists in Maharashtra centres such as Akola, Jalgaon and Jalna have made their position strong.

Internationally, arrivals in Myanmar have already commenced.

However, quality-wise, it is poorer than last year's. According to market sources, futures rates for February shipment are expected to increase by $25 per tonne to $450. At Mumbai, the landed price of this will be Rs 2,100 a quintal.

Under such circumstances, in all likelyhood rates in Maharashtra and Madhya Pradesh would rise by Rs 100-150 a quintal. Currently, sowing of lentil pulse seeds has halved as against the same period last year. Consequently, traders anticipate a hike in prices.

In Madhya Pradesh, on the back of arrivals there could be some softening in prices. At present, the physical market is following the futures rates.

The February futures of Tur Desi on the National Commodity and Derivatives Exchange closed at Rs 2,102 a quintal on Tuesday, down Rs 30 against the previous close of Rs 2,132 a quintal.