Mumbai, 07 May 2024 (Commoditiescontrol): Tur prices in Burmese markets witnessed a decline, reflecting subdued demand dynamics. Prices dipped marginally by 20,000 Kyat per metric ton amidst weak market sentiment. However, CIF prices remained resilient, marking a $10 increase per MT, while resale quotes in Chennai remained steady.
Despite a tepid session, Tur prices of African origin maintained stability, contrasting with a decline in Lemon prices in Mumbai and Chennai. Strong demand persisted, but buyers favored hand-to-mouth transactions due to government interventions, while stockists remained cautious, contributing to price fluctuations.
Desi Tur prices in major markets remained predominantly stable, albeit poor-quality arrivals prompted price drops in Akola. Tighter supply coupled with lackluster demand maintained stability across most markets. Traders noted that end-product demand dictated procurement, ensuring Tur and Dal prices remained within a defined range. Additionally, seller inactivity at lower levels provided support to prevailing prices.
Tur Dal prices also sustained stability, despite limited trading activity, with expectations for range-bound movement in the near term. Market closures were prevalent due to ongoing elections, further contributing to subdued trading activity and market dynamics.
Tur International Prices In Key Indian Markets:
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Spot Raw Tur Dal Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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