Tur Dal Price in Karnataka on the Brink of Approaching ₹200 per kg Mark as Supply Shortages Persist
Due to crop failure of red gram in northern Karnataka's Kalaburagi district and parts of Maharashtra, diminished supply has led to a price surge in the past two months.
Tur dal prices, currently ranging from ₹170 to ₹180 per kilo, are poised to breach the ₹200 mark soon due to a shortage caused by red gram crop failures in Karnataka's Kalaburagi district and parts of Maharashtra. This supply drop has caused a consistent surge in prices over the last two months.
Ramesh Chandra Lahoti, a prominent foodgrains merchant and senior vice-president of the Federation of Karnataka Chambers of Commerce and Industry, elaborated on the situation.
He attributed the sustained availability of tur dal to imports from Africa. Yet, export limitations imposed by some nations have led to escalated prices in those regions as well.
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Lahoti added that the cost of importing tur dal has risen significantly, from $350 per tonne to $800-$900 per tonne. Nonetheless, imported tur dal remains more economical than the local variety. In Bengaluru's wholesale market, a kilo of imported tur dal trades for around ₹140, while local types range from ₹145 to ₹165 per kilo.
He said, the situation is expected to get better after the December-January crop harvest. Until then, tur dal prices might rise by at least 20%.
Lahoti mentioned more planting happening in the Kalaburagi-to-Marathwada region. If there's enough rain in the next two weeks, the crops could recover, but if the dry weather continues, it might cause more harm, leading to an unstable market until 2024.
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