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Tur-Tur Dal Continues Upward Rally At Major Mkts

24 Sep 2020 9:18 pm
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Mumbai (Commoditiescontrol) – Domestic Tur continued upward rallies and surged Rs 50-200/100kg in major markets, as per quality, on Thursday due to fear of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.

Arrivals of new Tur crop in karnataka is expected to begin from December, instead of November end due to rains.

One of the major reasons for the prices going northwards is the delay in issuance of import licence and in liquidation of Nafed's stock of pulses purchased last year from the farmers.

FCI will commence the auction of old procured Tur 2018-19 in Karnataka from Monday throuh NeML.

Millers were unable to procure good quality Tur for crushing due to negligible arrivals. Moreover, good trade activity in processed Tur also supported prices as vegetables are costlier.

Similarly, Tur Lemon old and new varieties of Burma-origin extended gains by Rs 150 Rs 6,400-6,450 and Rs 6,600-6,650/100Kg, respectively, in Mumbai.

In Delhi, Tur Lemon old variety ruled higher by Rs 200 to Rs 6,550/100Kg on local buying at prevailing rates, following firm cues from Mumbai and domestic markets and limited stock. As per local trader, no ready stock of Maharashtra-origin Tur was reported.

Myanmar announced a stay-at-home order from 21st September onwards till 7th October, 2020 after daily increase in new cases of Covid-19, traders said. But, it will not affect loading/unloading cargo at port. However, clearance will be slow.

Meanwhile an unconfirmed news is making rounds in the market, that government will allocate quota to millers/refineries soon amid shortage of Tur.

If the government, allocates quota, prices in Burma market will move higher and import parity would also be higher, in that case. Tur stock was reported around 1 Lakh tonnes approximately.

As per market view, supplies pressure of Tur around 1.5-2 Lakh tonnes from Mozambique is seen next month onwards. Tur prices will be under check, if government allocates quota to millers as supply likely from Burma and African countries.

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



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


       
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