Tur price up 7% in spot mandis on import duty levy

However, imports from LDCs, which enjoy preferential treatment, to continue as they are duty free

Tur prices jumped 7 per cent in the last two days on estimates of lower supply following the government’s decision to levy a 10 per cent import duty on it.

Data compiled by the National Commodity and Derivatives Exchange (NCDEX) showed the local variety of tur at Rs 4,700 a quintal in the Akola mandi on Wednesday, a rise of Rs 300 from Monday. Tur has been trading lower than its minimum support price (MSP) of Rs 5,050 a quintal, including a Rs 425 bonus, for a few weeks.

Food Corporation of India (FCI) has procured tur from farmers for the first