Live Spot Prices
Lead ( MCX ) 167 | Pepper ( MCX ) 40000 | Zinc ( MCX ) 205.8 | Gold ( MCX ) 31187 | Coriander ( NCDEX ) 4617 | Jeera ( NCDEX ) 15725 | Guargum ( NCDEX ) 8195
 
Tur prices below MSP inspite govt's attempt to procure at MSP
Commodity Online | February 12 2018
UPDATED 15:08:59 IST

India's Crude Oil production declines in April

Govt permits re-exporters to import Black Pepper

Commodities Outlook: Metals extend on warming US-China trade talks, Oil rallies to fresh highs

Rising Crude Oil may stretch CAD to 2.5% of GDP in FY19: report

Basmati acreage likely to increase as farmers earn high remuneration

Maharashtra government's attempts to lift open market of Tur rate by procuring Tur at minimum support price (MSP) failed to seen any positive effect. The MSP is Rs 5,450 a quintal while private traders are still buying Tur at around Rs 4,500.

This is attributed to the rate of Tur imported from Myanmar at Rs 4050 a quintal, this is despite a recent move to impose 30% customs duty on the commodity.

Government procurement has begun from this month onwards. The open market rates had gone up Rs 300 soon after the announcement, but have now settled at Rs4,500.

Good supply from Myanmar is keeping the traders assured and force them not to purchase domestic Tur at par with MSP.

Tur is the only major kharif crop of the region where there has been no shortfall in yields, but farmers are not able to get the expected returns. The pulses have been in the news for the last three years both due to an abnormal increase as well as crash in prices.

 

Commodity Arrivals Rate
Mustard Oil NR 9500.00
Coconut Oil 1 20000.00
Arecanut NR 18250.00
Sugar NR 3900.00

More

×