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Domestic Tur Dips In Maharashtra, Tamil Nadu, U.P.

28 Sep 2020 8:36 pm
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Mumbai (Commoditiescontrol) – Domestic Tur declined Rs 50-200/100Kg in Maharashtra, Tamil Nadu and Uttar Pradesh markets, as per quality, on Monday. Thin participation by the millers is being witnessed as demand and sale counter in Tur dal reported slow.

Moreover, FCI has commenced the auction of old procured Tur 2018-19 around 10,197 MT in Karnataka today through NeML. Bid range was today around Rs 7,025-7,211/100Kg.

Trading activity was also less as farmer outfits in Karnataka have called for a State-wide bandh today protesting the APMC amendments and land reforms Act.

Similarly, In Delhi, Tur Lemon variety (old) dropped for second straight day Rs 50/100Kg as buyers were inactive, following weak cues from other markets despite limited stock. As per local trader, no ready stock of Maharashtra-origin Tur was reported.

On other hand, Tur Lemon variety both old/new priced unchanged to Rs 6,400/100Kg and Rs 6,600, respectively at Mumbai amid negligible trade activity.

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.

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.

There is lesser availability of tur in the world markets, as international farmers have shifted away from tur to other crops after an increase in India's domestic tur production.

As per market view, some profit booking is likely to witness at higher rates due to 1.5-2 Lakh tons of tur supplies are expected from Mozambique. Tur prices will be under check, if government allocates quota to millers as supply likely from Burma and African countries.

However, it is expected that till the new crop comes, the inventory will remain tight as the excess inventory of the past 3-4 years held by trade and government has dried up.

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



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


       
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