Login ID:
Password:
Partner Login
Contact Us : 7066511911

Domestic Tur Mixed in Selective Mkts; Imported Variety Eases

25 Sep 2020 8:36 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Jeera Futures Soars Higher as Spot Jeera Rises Rs 30 am...
India Spices Export Offer Price - 28 OCTOBER 2020
Red Chilli Heats Up to Rs 10/Kg in Guntur, Warangal Man...
Spot Coriander Prices Supported by Local Demand; Future...
Spot Coriander Soars Rs 70 at Ramganj Auction, Futures ...
more
Top 5 News
Tur Continues To Trade Weak in Major Mkts
Mustard seed, oil steadied on Speculation of govt’s int...
Jeera Futures Soars Higher as Spot Jeera Rises Rs 30 am...
Guar Complex Declines In Spot Markets, Profit Booking I...
India Spices Export Offer Price - 28 OCTOBER 2020
Top 5 Special Reports
USD/INR (Nov ‘20) – Positive Short-term Trend / May Ret...
USD/INR (Oct ‘20) – Positive Short-term Trend / May Ret...
Weekly: Tur, Chana Plunge Most This Week, Moong Gains
USD/MYR—
USD/CNY & USD/IDR
Copyright © CC Commodity Info Services LLP. All rights reserved.