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Testing time seen ahead as buyers, stockists defer decisions; labour shortage adds to woes
From cardamom to coffee, potatoes to pulses, tea to turmeric and pepper to poultry items, the second wave of the Covid-19 pandemic seems to have affected the commodities supply chain.
These commodities were affected to some extent during the first wave last year but then, the rural areas were mostly untouched. But this time around, people in the rural areas also have been affected, throwing spanner in the works of the commodities supply chain.
“The concern this year is rural areas are witnessing Covid cases unlike last year,” said Giriraj Singhania, Managing Director of Raipur-based Shivalik Engineering Industries Ltd. His firm supplies components to tractor and automobile firms.
Tur prices rally on crop worries
February 17, 2021
For the first time in five years, prices of tur or pigeon pea have increased above the minimum support price (MSP) levels during the current crop year (July 2020-June 2021) on lower crop and steady demand.
Tur harvest is on and the rally in prices has provided relief to the growers mainly in parts of Karnataka and Maharashtra who faced crop and yield losses due to extended monsoon and flooding in the region.
Modal prices (rates at which most trades take place) across major terminal agricultural markets for tur such as Kalaburgi, Akola, Latur, Amrawati, Bidar, Yadir and Raichur are ruling at least ten per cent higher than the MSP ₹6,000 per quintal over the last few days.