With normal tur production expected in Karnataka, Maharashtra and Andhra Pradesh, prices are to dip by 20 per cent around mid-February.
“Rains at regular intervals in all the tur producing States have facilitated normal to good tur production this year compared to previous year’s production,” Ramesh Chandra Lahoti, President, Bangalore Wholesale Food Grains and Pulses Association, told Business Line.
“Compared to previous years, this year’s crop is not damaged by rains. In contrast, late rains has only facilitated good crop production,” he added.
Karnataka’s crop is expected to enter the market in a week’s time and Maharashtra and Andhra Pradesh are to follow in January.
Currently tur is trading between Rs 6,000 and Rs 6,500 a quintal in Bangalore’s wholesale market. According to DEMIC’s forecast, the tur prices is expected to hover around Rs 4,400-4,900 a quintal this month, Rs 4,700-5,200 in January, Rs 4,800-4,900 in February and Rs 4,500-5,000 in March in Sedam regulated market.