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Tur Prices Remain Firm In Major Markets

9 Apr 2020 3:46 pm
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Mumbai (Commoditiescontrol) – Domestic Tur trades firm, as per quality, on Thursday in major markets amid low supplies and improved local mills' buying.

No farmers arrivals were reported in local market. However Stockiests' supplies did make way in the market.

Shortage of labours is delaying crop harvest and procurement along with transportation problems amid nationwide lockdown. This is another reason behind thin trade activity. Procurement operations require labour for loading, cleaning and packaging. Cost for transporting has meanwhile doubled.

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 for 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 rupee depreciation as against USD.

Trade is of the 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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