INSUBCONTINENT EXCLUSIVE:
approval for the relaunch of urad and tur contracts
Tur and urad futures were delisted from futures trading in January 2007 owing to price volatility and irregularities.
With pulses selling
below their minimum support price and the government holding huge stock, officials feel that getting farmers to do futures trading would
We look forward to the launch of the contracts to extend national price discovery and risk management for all the key pulses and to
empowered to determine the timing of launch and relaunch of all commodities notified under the Securities Contracts (Regulation) Act, said
official who added that while there is significant increase in MSP, procurement is not 100per cent of the production
Having a commodity on futures platform will enable farmers in taking an informed decision about the likely price scenario during harvesting
period, said the spokesperson
five years, a significant rise in production was seen in urad and tur leading to the fall in prices, said Sunil Baldeva of BJSN Agro Implex,
2018-19, he said.
Urad and tur contribute around 13per cent and 17per cent, respectively, of the total production of pulses in India while
value chain participants, including farmers, to manage their business risk
