Mumbai, May 02 (Commoditiescontrol):Desi tur prices in Maharashtra's major markets experienced a decline of Rs 100 to 200 per quintal today, attributed to decreased buying activity following news of government action against hoarders. However, the Akola market saw some support from good demand in Mumbai's evening session along with reduced supply.
The Myanmar market rebounded modestly after earlier weakness, registering a 30,000 MMK/Mt increase as local stockists showed some buying interest. CNF India trade prices were stable with little trading activity.
Domestically, Lemon Tur prices went up by Rs 50-75 per quintal. Conversely, tur of African origin remained steady amidst limited market action due to weak demand and supply. India's ongoing elections are further contributing to the softness in the market.
Tur International Prices In Key Indian Markets:
Fear of government intervention and a downturn in the demand for tur dal fueled the decline in desi tur prices within the domestic market. Concerns about goverment monitoting have caused stockiest and mills to refrain from new purchases for stocking."
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices across major markets including Akola, Gulbarga, and Latur, weakened by Rs 100-200 per quintal.
Spot Raw Tur Dal Prices In Key Indian Markets:
Market analysts predict the tur market will trade sideways in the near future. This season's smaller harvest has tightened supply, but elevated prices have shifted consumers towards less expensive alternatives. Mills are currently only purchasing tur to satisfy immediate requirements. The government's intense monitoring of the tur market has also discouraged stockpiling activities by mills and traders alike. However, with the upcoming planting season, a potential increase in demand could lead to a boost in tur prices. The next substantial supply influx is anticipated to be from African origins in September.
(By Commoditiescontrol Bureau; +91-9820130172)
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