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Tur Widen Losses At Major Mkts; Sluggish Demand in Dal

22 Oct 2020 8:02 pm
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Mumbai (Commoditiescontrol) – Domestic Tur widened losses Rs 100-300/100Kg, as per quality, on Thursday in major markets on dull mill buying as demand and sale counter in processed Tur was witnessed sluggish.

NAFED Tur resellers were active in spot markets. Moreover, Nafed active in liquidating old procured stock in Maharashtra, Karnataka, Andhra Pradesh and Chennai.

Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.

Sentiments also pressurised as total supplies of around 1-1.25 Lakh tonnes, from Burma (40,000-50,000 tonnes) and Africa (60,000-70,000 tonnes), are expected to hit Indian ports by 15 November.

In Mumbai, Tur lemon variety of new Burma-origin declined by Rs 50 at Rs 7,000/100Kg in ready delivery. Similarly, in forward business, commodity priced weak by Rs 75 to Rs 6,675 for November delivery.

Tur Lemon old variety priced lower by Rs 50 to Rs 7,000/100Kg in ready business at Delhi due to average quality and slack local buying at prevailing rates, following weak cues from other markets. Similarly, in forward deals, commodity ruled weak by Rs 50 at Rs 6,750 for November delivery from Chennai.

As per Burma based local trader, Tur Lemon/Linkhey varieties priced unchanged as buyers from India were sidelined today. Five direct vessel (2 break bulk & 3 container vessel) for India carrying Tur likely to be sail from 30th October to 6th November.

Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop are still two months away. Reports of crop damage and delay in arrivals in Karnataka and Maharashtra, amid rains, underpins the pulses.

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



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


       
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