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Tur Prices Kept Positive Momentum On Depleting Stocks And Lack Of Import

28 Sep 2020 10:38 am
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Tur prices have kept the positive momentum in prices traded 7100 per qtl (builty Akola) on late physical trade on Wednesday. The demand in Tur dals remained supportive even at the current sharp rise in prices with Tur fatka in Akola traded on 10,000 INR per qtl. The old 2018/9 stocks are being aggressively asked for and traded in range of 6600/6800. Demand is more in the old stocks (2017/18 – 2018/19) on back sharp rise in prices.

Nafed has about 6 lakh MT of Tur stocks. It is likely that to cap the rising prices NAFED with initiate Tur tenders to cool off the rise. Import quota call by Govt will only be declared by 15th Oct, according to importers.

The depleting Tur stocks in market, sharp rise in Moong, Urad and Chana will keep positive momentum in prices.

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