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Mandi prices of tur above MSP, chana prices dip as arrivals pick up

The common modal mandi costs of tur in producing states of Maharashtra, Karnataka, Tamil Nadu and Gujarat are ruling at Rs 6,400- Rs 6,500 per quintal in opposition to the minimal assist worth (MSP) of Rs 6,300 per quintal.

Mandi costs of two main pulses, tur (arhar) and gram (chana), throughout key producing states are exhibiting a divergent pattern as arrivals have picked up.

The common modal mandi costs of tur in producing states of Maharashtra, Karnataka, Tamil Nadu and Gujarat are ruling at Rs 6,400- Rs 6,500 per quintal in opposition to the minimal assist worth (MSP) of Rs 6,300 per quintal. The modal mandi costs of chana (gram) in key producing states Gujarat, Madhya Pradesh, Maharashtra, Telangana and Andhra Pradesh, in the meantime, are ruling round Rs 5,000 per quintal in opposition to the MSP of Rs 5,320 a quintal.

The mandi costs of tur and chana, which have a share of greater than 63% in India’s pulses manufacturing in 2021-22, have impacted the MSP procurement operations of the National Agricultural Cooperative Marketing Federation (Nafed).  Since the operations started in January, Nafed has procured solely 20,000 tonne of tur up to now.

The federation has procured round 1.6 lakh tonne (LT) of chana as of Monday from Gujarat, Madhya Pradesh, Maharashtra, Telangana and Andhra Pradesh, since procurement started earlier this month. Trade sources stated chana procurement is more likely to choose up tempo within the coming weeks as April is the height month for arrival of the crop.

Lower procurement of tur has decreased Nafed’s buffer inventory. Currently, the farmer federation has round 1.7 MT of pulses inventory — 1.33 LT (tur), 11.04 LT (chana), 3.44 LT (moong) and 0.53 LT (urad) in opposition to the norm of 21 LT.

According to the second advance estimates for 2021-22 season, the federal government had pegged tur output at 4 million tonne, barely decrease than the earlier yr’s 4.32 MT. Traders say extreme rain in the course of the flowering stage has decreased this yr’s tur output by round 20%.

“Farmers are holding onto tur stocks in anticipation of higher prices,” Nitin Kalantri, managing director, Kalantri Food, a Latur, Maharashtra-based processor of pulses, instructed FE.

Chana output in 2021-22 is more likely to contact 13.12 MT as in opposition to 11.92 MT reported in 2020-21.

Bimal Kothari, vice chairman, All India Pulses and Grains Association, stated chana arrivals in Gujarat and Maharashtra mandis are rising steadily. “Because of this arrival pressure, chana prices have come down below MSP,” Kothari stated.

In anticipation of a home shortfall in output, in May 2021, the nation put imports of tur, urad and moong within the ‘open’ class from ‘restricted’ until March 2022. Till now, near 7 lakh tonne of tur has been imported in 2021-22.

Yogesh Thorat, managing director, MahaFPC, the umbrella physique of FPCs in Maharashtra and a state-level company that procures tur and chana on behalf of Nafed, has sought a revolving fund from the state authorities. This would assist guarantee satisfactory liquidity to pay the dues of farmers for his or her produce inside three days of the receipt of the produce.



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