Login ID:
Partner Login
Contact Us : 7066511911

Tur Prices Stable with Steady Pace of Physical Buying

29 Sep 2020 11:38 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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.

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

   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  

Top 5 News
Burma Tur Weak in Ready/Forward Deals; Domestic Variety...
Moong Traded Mixed in Major Mkts
Maharashtra Sugar Mill Prices – 20 OCTOBER 2020
Gujarat Sugar Mill Prices – 20 OCTOBER 2020
Guar Gum, Seed Turns To Upside When Futures Jump On Inv...
Top 5 Special Reports
USD/INR (Oct ‘20) – Consolidating Near Short-term Suppo...
Weekly: Major Pulses Plunge This Week On Govt Intervent...
Veg Oil
Copyright © CC Commodity Info Services LLP. All rights reserved.