As demand continues to remain strong against tight supplies. While the trade has demanded release of import quota for 2020-21, the government thinks that the supply situation is comfortable as it expects a bumper kharif harvest three months from now.
Maharashtra-based pulsez processor Nitin Kalantry said, “Tur prices rose to Rs 90/kg during lockdown, which later corrected to Rs 82/kg. However, now they have started spiralling upward again. Pulses prices are likely to shoot up after October 5, when an uptake in demand for pulses is expected due to festival season demand.”
Traders fear that the tur crop in Karnataka will see a loss of 10% in yield due to heavy rainfall.
It is expected that till the new crop comes, the inventory will remain tight as the excess inventory of the past 3 to 4 years held by trade and government has been dried up.
Pulses importers have demanded for release of the import quota for tur for 2010-21.
“Government had announced an import quota of 4 lakh tonnes of tur in April, which has not been allocated yet. Of this, 2 lakh tonnes of tur was to come from Mozambique. The import quotas should have been released now so that the imports could come before November, not clashing with the harvest of local crops that begins from December. There is less availability of tur in the world markets as international farmers have shifted away from tur to other crops after an increase in India’s domestic tur production,” said Kalantry.
However, government, which is concerned about giving remunerative prices to farmers, thinks that country has adequate stocks.
Agriculture commissioner SK Malhotra, while speaking at a webinar organised by Indian Pulses and Grains Association (IPGA) said, “India expects total production of kharif pulses of 9.3 million tonnes. Production of tur is expected to be 4 million tonnes against 3.83 million tonnes produced in the previous year.”