Mumbai, 06 May 2024 (Commoditiescontrol): Domestic Tur prices maintained a predominantly stable stance, while African-origin quotes experienced a decline. Myanmar markets exhibited weakness following a previous firm session, attributed to sluggish demand. However, CIF prices held steady, while resale quotes in Chennai marked a $10 per metric ton increase.
Lemon prices in domestic markets remained mostly stable post a firm session. Conversely, Tur prices of African origin weakened after trading steadily for 12-15 sessions, with limited trading activity due to subdued demand and supply.
Tur International Prices In Key Indian Markets:
Desi Tur prices in major markets held firm amid muted trading sessions, supported by constrained supply and tepid demand. Local traders noted that demand was primarily need-based, reflecting the broader range in which dal prices are trading.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices remained stable due to limited trading. This suggests prices will likely stay within a narrow range in the near term, as demand at higher levels is low and consumers are opting for more affordable pulses.
Spot Tur Dal Prices In Key Indian Markets:
Market analysts expect the tur market to remain stagnant in the short term. While a smaller harvest this season has limited supply, high prices have pushed consumers to choose cheaper alternatives. Mills are currently buying tur only to meet their immediate needs. The government's close watch on the tur market has also deterred stockpiling by both mills and traders. However, with planting season approaching, a potential rise in demand for seeds could lift tur demand and prices. The next significant supply increase is expected from Africa in September.
(By Commoditiescontrol Bureau; +91-9820130172)
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