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In Pune, tur dal prices rose by over 10% in less than a month despite an open import policy. The industry cites raw material shortages and hoarding as reasons for the hike.
In Pune, tur dal prices rose by over 10% in less than a month despite an open import policy. The industry cites raw material shortages and hoarding as reasons for the hike.
The government's tur dal procurement drive has received a lukewarm response from farmers due to lower prices, stringent quality norms, and formalities. Small farmers sell to private traders while bigger farmers hold the crop, expecting prices to rise further. The government's presence in the market has increased tur dal prices by 15% in the last two months.
There is likely to be a shortage of 1 million tonnes of tur till the harvest of new crops begins in December/January, while the production of kharif moong is expected to be lower by 12%. The quality of urad crop under harvest has been damaged due to rainfall in September.
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