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Tur Prices Declines At Major Markets

4 Apr 2020 3:49 pm
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Mumbai (Commoditiescontrol) – Domestic Tur declined, as per quality, on Saturday in major markets due to thin millers trade at prevailing rates as prices may drop once arrivals of crops start coming in local markets.

Meanwhile, activity was reported to be slow due to shortage of labour along with transportation problems amid nationwide lockdown to combat rising number of coronavirus cases.

As per government directive, millers have started crushing raw pulses and are ramping up pulses production and the logistics of getting them to retailers.

The government has allowed import quota of 4 lakh tonnes of Tur in the fiscal year 2020-21 only by millers and refiners.

Moreover, the government will buy 200,000 tn tur from Mozambique in 2020-21 (April-March) on a bilateral basis.

However, it is to be noted that pulses import will become costlier due to depreciation in Indian currency against USD.

Trade is of opinion that Tur prices are likely to get support due to low carryover stock and empty pipeline. The millers/traders have been trading hand-to-mouth due to liquidity crunch and Government policy.

Trade is of the view that demand deterioration in poultry products is likely to result in increased consumption of pulses, to compensate for protein requirements. The fear of rapidly spreading Corona virus has halved the consumption of poultry and meats.

Spot Raw Pigeon Pea (Tur) New Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-22-40015513)

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