Supply squeeze, monsoon fears lift tur prices -Vishwanath Kulkarni
-The Hindu Business Line
Prices of pulses — mainly Tur and Tur dal — are on the rise due to factors such as a supply squeeze, monsoon concerns and increase in consumption.
Bengaluru: Tur prices in the major markets of Maharashtra and Karnataka have moved up by about ?1,000 a quintal over the past month to exceed the minimum support price (MSP) level of Rs.5,675. They are currently ruling at Rs.5,700-5,900 a quintal.
Retail prices of Tur dal are also inching up.
Trade sources attribute the upward trend to buying interest from traders, millers and even consumers. They expect the prices to remain firm in the days ahead, with the progress of the monsoon setting the trend.
However, trade sources said, Tur prices may cool down once NAFED begins the sale of procured pulses. NAFED, which has procured about 2.72 lakh tonne of Tur this season, has currently stopped sales.
Please click here to read more.
The Hindu Business Line, 14 May, 2019, https://www.thehindubusinessline.com/economy/agri-business/supply-squeeze-monsoon-fears-lift-tur-prices/article27130127.ece