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Urad dal, Tur dal prices see 15% increase over past 6 weeks, here’s why

While the prices of tur dal and urad dal have increased, consumers got a slight relief on prices of masur, which remained high for a year. The price of the imported whole lentil has eased to Rs 67 as on August 8 from Rs 71.50 a kg on June 29.

ET Now Digital

Updated Aug 10, 2022, 06:56 IST

Urad dal, Tur dal prices see 15 increase over past 6 weeks, here’s why

New Delhi: From Rs 97 to Rs 115, the price of food quality tur dal has shot up significantly in Maharashtra’s Latur. Urad and tur dal have witnessed an increase of over 15 per cent in their prices in the past six weeks over waterlogging raising concerns about crop damage, a slight decline in acreage in the ongoing kharif season.

This coupled with lower carry forward stocks has sent the prices of both the dals soaring. The ex-mill price of good quality tur dal in Latur has risen to Rs 115 a kg from Rs 97 about six weeks ago. The area under tur was 4.6 per cent lower compared with a year earlier, while that under urad was 2 per cent less, according to the latest sowing data released by the agriculture ministry.

Further, incessant rains in important tur growing areas and the resultant water logging have raised concerns about crop damage.

"Currently, fundamentals in tur are strong. There is no big carry over stock, while the seeding of tur has reduced due to a shift of farmers towards soyabean," Harsha Rai, importer of pulses in Maharashtra, told Economic Times.

She added that they are expecting a consignment of 5,00,000 tonnes from Africa, which will come by August/September.

Heavy rains are expected to cause more harm to the urad crop, however, the supply situation may not come under pressure as imports are expected to increase.

"Though there is some damage to the urad crop in Maharashtra, Karnataka and Gujarat, the crop in the largest and second largest producers, Madhya Pradesh and Uttar Pradesh, is in good condition," B Krishnamurthy, managing director of 4 P International, said.

He is of the view that despite rain damage, urad prices would likely remain comfortable as imports from Myanmar were expected to grow. "India did not get much urad from Myanmar during the last four months due to their currency issues, which reduced the monthly urad imports by more than 50 per cent," Krishnamurthy added.

Now the currency issue has turned favourable for the exporters from Myanmar, which will help us import more urad from Myanmar.

While the prices of tur and urad have increased, consumers got a slight relief on prices of masur, which remained high for a year. The price of the imported whole lentil has eased to Rs 67 as on August 8 from Rs 71.50 a kg on June 29.

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