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Tur prices below MSP inspite govt's attempt to procure at MSP
Commodity Online | February 12 2018
UPDATED 15:08:59 IST

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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.

 

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