India Duty-Free Regime May Encourage Tur & Urad Sowing in Myanmar & African Countries

Expected shortfall,high prevailing prices and tight supply side for Tur in India this year prompted govt. to extend duty free regime up to March-2024 for Urad and Tur.The emerging scenario is likely to encourage farmers of Myanmar and East African countries to sow more land under both the crops in the upcoming planting seasons.Food Ministry has slashed its Tur production estimate to 32-33 lakh tonnes  against AgriWatch revised estimate of 30.10 LMT.Considering the demand supply scenario prices in local market is unlikely to go down from the current level.