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Tur Prices Stable with Steady Pace of Physical Buying

29 Sep 2020 11:38 am
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Mumbai (commodities control) - Tur prices were steady with prices traded 7100 per qtl (builty Akola) on late physical trade on Monday. The demand in Tur dals remained supportive even at the higher prices as well.

Tur fatka in Akola traded at 10,000 INR per qtl, with buyers still active from major mandis like Bombay, Karnataka, Hyderabad and Delhi. On Monday, FCI started tender of Tur stock in Maharashtra & Karnataka. The bid for Tur went as high as 7155/- per qtl. The bidders even have to pay 1.5% mandi tax above this biding price taking it to 7262 per qtl. It indicating the falling physical stock level in the market. Nafed has about 6 lakh MT of Tur stocks. It is likely that to cap the rising prices NAFED will initiate Tur tenders to cool off the rise. Import quotas by Govt will only be declared by 15th October, according to importers. The depleting Tur stocks in market will keep positive momentum in prices.

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