Informist, Friday, Oct 7, 2022
--Govt source: Tenders for tur to be in phases, via procuring agencies
--Tenders to import tur seen at 9,000-10,000 tn each
--Price of imported tur may be on par with domestic rates
--Tur shipments likely to be delivered in 20-30 days
By Puja Das
NEW DELHI – The government is likely to float several tenders to import around 90,000 tn of tur to boost its buffer stock, a government official told Informist.
This is because the National Agricultural Cooperative Marketing Federation of India currently has about 191,000 tn of tur, against the government's buffer stock requirement of 1 mln tn.
The Centre will seek bids from importers through the web portals of its nodal agencies such as NAFED and National Cooperative Consumers' Federation of India, the official said. Each tender will be for procuring 9,000-10,000 tn of tur.
Bids will be accepted from all importers across the country, with the tur likely being shipped 20-30 days after a contract is signed, the official said.
However, how soon procurement will take place would depend on the moisture content. Right now, the moisture content in African tur is 14% against the permissible 10-12%. The government may set the moisture content level at 12% in the tenders.
The official said prices are yet to be discussed by the internal committee, and are expected to be on par with the current local market rates of imported tur.
Tur from Mozambique is being traded at 5,450 rupees per 100 kg in key markets of Maharashtra, while that from Malawi is priced at 4,600 rupees per 100 kg.
Shortage of supply in the local markets has resulted in lower procurement of tur by government agencies in the 2021-22 (Oct-Sep) kharif marketing year.
NAFED could not purchase the required buffer quantity of tur under the price support scheme due to higher market prices against the minimum support price in the kharif year ended September.
During Oct-Nov, arrivals of tur from African nations such as Mozambique and Tanzania are estimated at 1.2-1.3 mln tn. India typically imports tur from African countries from September.
India is expected to import about 800,000 tn of tur in 2022-23 (Apr-Mar) from Mynamar and Africa to cater to domestic demand of around 4.8 mln tn. Analysts see India's tur production falling 15% to 3.7 mln tn in 2022-23 (Jul-Jun) due to lower acreage and excessive rainfall in major growing areas.
Apart from NAFED and National Cooperative Consumers' Federation, Food Corp of India and Small Farmers' Agribusiness Consortium also procure pulses to ensure farmers get the minimum support price for their produce. However, the lion's share is procured by NAFED, followed by National Cooperative Consumers' Federation.
The government uses the buffer stock for the Public Distribution System, the Midday Meal Scheme, and Integrated Child Development Services, among others.
Tur, a crucial kharif variety of pulse, accounts for nearly 14.4% of the country's overall pulses basket. End
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
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Informist, Friday, Oct 7, 2022
--Govt source: Tenders for tur to be in phases, via procuring agencies
--Tenders to import tur seen at 9,000-10,000 tn each
--Price of imported tur may be on par with domestic rates
--Tur shipments likely to be delivered in 20-30 days
By Puja Das
NEW DELHI – The government is likely to float several tenders to import around 90,000 tn of tur to boost its buffer stock, a government official told Informist.
This is because the National Agricultural Cooperative Marketing Federation of India currently has about 191,000 tn of tur, against the government's buffer stock requirement of 1 mln tn.
The Centre will seek bids from importers through the web portals of its nodal agencies such as NAFED and National Cooperative Consumers' Federation of India, the official said. Each tender will be for procuring 9,000-10,000 tn of tur.
Bids will be accepted from all importers across the country, with the tur likely being shipped 20-30 days after a contract is signed, the official said.
However, how soon procurement will take place would depend on the moisture content. Right now, the moisture content in African tur is 14% against the permissible 10-12%. The government may set the moisture content level at 12% in the tenders.
The official said prices are yet to be discussed by the internal committee, and are expected to be on par with the current local market rates of imported tur.
Tur from Mozambique is being traded at 5,450 rupees per 100 kg in key markets of Maharashtra, while that from Malawi is priced at 4,600 rupees per 100 kg.
Shortage of supply in the local markets has resulted in lower procurement of tur by government agencies in the 2021-22 (Oct-Sep) kharif marketing year.
NAFED could not purchase the required buffer quantity of tur under the price support scheme due to higher market prices against the minimum support price in the kharif year ended September.
During Oct-Nov, arrivals of tur from African nations such as Mozambique and Tanzania are estimated at 1.2-1.3 mln tn. India typically imports tur from African countries from September.
India is expected to import about 800,000 tn of tur in 2022-23 (Apr-Mar) from Mynamar and Africa to cater to domestic demand of around 4.8 mln tn. Analysts see India's tur production falling 15% to 3.7 mln tn in 2022-23 (Jul-Jun) due to lower acreage and excessive rainfall in major growing areas.
Apart from NAFED and National Cooperative Consumers' Federation, Food Corp of India and Small Farmers' Agribusiness Consortium also procure pulses to ensure farmers get the minimum support price for their produce. However, the lion's share is procured by NAFED, followed by National Cooperative Consumers' Federation.
The government uses the buffer stock for the Public Distribution System, the Midday Meal Scheme, and Integrated Child Development Services, among others.
Tur, a crucial kharif variety of pulse, accounts for nearly 14.4% of the country's overall pulses basket. End
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2022. All rights reserved.
