Impact of Domestic Crop and International Markets on Pigeonpea (Tur) Prices
01-Aug-2025 02:42 PM
Impact of Domestic Crop and International Markets on Pigeonpea (Tur) Prices
★ After a prolonged period of sluggishness, pigeonpea prices in the domestic market are showing signs of slight improvement.
★ One of the key reasons behind this recovery could be the decline in sowing area this year across India.
★ If the gap in acreage compared to last year continues to widen, the market may remain strong even after African crop arrivals.
★ The IMD has forecast heavy rainfall during August and September, which will play a crucial role in determining the fate of the domestic crop.
★ If excess rainfall causes crop damage, the current negative sentiment could quickly shift to positive.
★ Moreover, upcoming festive demand in India may provide additional support to prices in the weeks ahead.
★ For now, traders and importers are in a wait and watch mode, but overall signals are positive.
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International Market Update (Offers to India as of July 31, 2025)
★ Myanmar (Lemon variety): August September shipment offered at 730 dollars per metric ton, up by 20 dollars from July 17
★ Baraidi (Tanzania): August September shipment offered at 660 dollars per metric ton, up by 10 dollars
★ Gajri (Mozambique): September October shipment offered at 600 dollars per metric ton, up by 35 dollars
★ Malawi: September October shipment offered at 555 dollars per metric ton, up by 35 dollars
★ As usual, lower-quality African origins are offering at significantly cheaper rates than Myanmar.
★ New African crop is expected to reach Indian ports by the end of September.
★ Ahead of that, Myanmar exporters may reduce prices to push out as much volume as possible.
★ The key point to watch now is If India's acreage declines further or the domestic crop faces rain-related damage, even exporting nations may not hesitate to increase their prices.
★ The market is now at a very interesting turning point.