Tur Prices Firm Up on Steady Mill Demand and Weak Selling Interest

Mumbai, 24 May 2024 (Commoditiescontrol): After a lackluster previous trading session in Tur, Burmese markets witnessed a notable uptick on Friday, with prices soaring by Kyat 40,000 per metric ton (MT). This surge is attributed to increased buying from local stockists amid reports of the government devaluing the Burmese Kyat. However, CIF (Cost, Insurance, and Freight) prices in India remained steady, as no major trades were reported.

In domestic markets, a surge in demand extended gains in Burma lemons and African tur, with prices registering an upward trend across major markets. Reports indicate a significant spike of Rs 200-400 per 100 kg for African tur, fueled by anticipated delays in the arrival of the African crop due to adverse weather conditions. Additionally, yields may decline amidst prevailing drought conditions. Further, lower stocks of imported Tur in the domestic market are fueling this rally.

Tur International Prices In Key Indian Markets:



Meanwhile, Tur bilty prices in key markets of Maharashtra and Madhya Pradesh remained firm to slightly higher, increasing by Rs 100 per 100 kg. A flurry of trade inquiries in the evening market witnessed a rebound in prices.In Bilty trade, Desi Tur prices gained in Maharashtra, Madhya Pradesh market. Whereas Mandi Tur prices witnessed mixed tone in Maharshtra and fell in Madhya Pradesh.

Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:





Dal prices largely maintained stability, with the exception of Nagpur, where a modest rise of Rs 100 per 100 kg was observed. Local sources attribute this to millers' reluctance to sell at current rates, thus keeping prices steady or on an upward trajectory.Split Pigeon Pea or Tur dal prices were unchanged for Burma Lemon, Sudan and Mozambique origin Pulses in Mumbai. Desi variety Tur dal quoted unchanged at major mandis across Maharashtra and Karnataka. In Nagpur Desi Tur dal quoted Rs 100 firm in the range of Rs 16,700 to Rs 16,800 per 100 kg.


Spot Raw Tur Dal Prices In Key Indian Markets:



Millers report slow demand for Tur dal; however, the limited availability of Tur prevents a significant price decline. Trader sentiment indicates an anticipated broader price fluctuation with a positive bias in the coming days. Furthermore, sustained demand for seeds is expected to maintain stable prices for premium varieties.

(By Commoditiescontrol Bureau; +91-9820130172)