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Domestic Tur Mixed in Selective Mkts; Imported Variety Eases

25 Sep 2020 8:36 pm
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Mumbai (Commoditiescontrol) – Domestic Tur traded mixed, as per quality, on Friday in selected markets on cautious buying from millers at prevailing rates for immediate crushing requirement.

Moreover, thin trade activity in Tur dal was witnessed from Wholesale/retail counters.

FCI will commence the auction of old procured Tur 2018-19 around 10,197 MT in Karnataka from Monday through NeML.

While, Tur Lemon variety eased Rs 25-50 to Rs 6,400-6,600/100Kg and Rs 6,500-6,525, respectively at Mumbai and Delhi markets due to cautious participation by the millers despite lesser availability of imported ready stock.

Tur has been rallying since a fortnight 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.

India 2020-21 Kharif Tur Sowing was Up 5.69 %, as on September 25, at 48.49 Lakh Ha Vs 45.88 Last Year.

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. In that case, import parity would also be higher. Tur stock was reported around 1 Lakh tonnes approximately.

As per market view, around 1.5-2 Lakh tonnes of tur supplies are expected from Mozambique 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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