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Domestic Tur Gains in Mah/Kar/U.P; Imported Variety Move Up On Weak Availability

30 Sep 2020 8:00 pm
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Mumbai (Commoditiescontrol) – Domestic Tur moved higher Rs 50-150/100kg in major markets of Maharashtra, Karnataka and Uttar Pradesh, as per quality, on Wednesday due to weak availability of imported Tur and also reports of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rain.

Tur Akola builty for 2019-20 stocks today traded higher at Rs 7400-7500 per qtl on back of strong demand in dals. Tur old stocks of 2018-19 traded at Rs 7200-7250 per qtl. Tur fatka today was offered at Rs 10,200 per qtl. Depletion in Tur stock and steady demand in Tur dals will likely keep positive momentum in the prices for next few sessions.

Similarly, Tur Lemon variety both old-new was priced higher by Rs 50 to Rs 6,350-6,400/100Kg and Rs 6,550-6,600, respectively, at Mumbai following firm cues from domestic markets. However, sellers were active at higher rates.

In Delhi, Tur Lemon old variety traded higher by Rs 250/100Kg on fresh local buying at prevailing rates, following firm cues from other markets and limited stock. As per local trader, no ready stock of Maharashtra-origin Tur was reported.

As per market view, some profit booking is likely to be witnessed at higher rates amid expectations of arrivals of 1.5-2 Lakh tons of tur supplies from Mozambique.

Overall tur prices are likely to get support at lower rates as arrivals of new domestic crop are still three months away. Moreover, import parity will also be higher, if government gives import quota to millers and also report of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.

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

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

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