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Domestic Tur Mixed in Major Mkts; Burma Variety Extend Fall in Ready/Forward Deals

26 Oct 2020 7:22 pm
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Mumbai (Commoditiescontrol) – Domestic Tur traded mixed, as per quality, on Monday in major markets on thin buying from millers as demand and sale counters in processed Tur was sluggish from consumption centers despite higher vegetables prices.

However, sellers were less interested to liquidate processed Tur dal below existing rates. Fluctuation of Tur prices depends on Government agency approval of Tur tender bids in coming days.

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

DGFT has allotted quota for import of 4 Lakh MTs of Tur for the fiscal year 2020-21 to the eligible applicants Until 15th Nov 2020.

Moreover, Nafed has commenced the sale of Tur Kharif- 2019 procured stock in many states and also selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.

As per market sources, Nafed had approved tender bid of kharif 2019 Tur at Rs 7,300/100Kg in Maharashtra and Karnataka.

In Mumbai, Tur lemon variety of new Burma-origin declined by Rs 100 at Rs 6,800/100Kg in ready delivery. Similarly, in forward business, commodity priced weak by Rs 150 to Rs 6,350 for November delivery.

Tur Lemon old variety priced lower by Rs 100 to Rs 6,750/100Kg in ready business at Delhi. Similarly, in forward deals, commodity ruled weak by Rs 150 at Rs 6,350 for November delivery from Chennai.

As per Burma based local trader, Tur prices remained weak as India buyers were interested in purchasing Tur at lower rates. Container freight charges has also hiked around three times more than earlier. Six direct vessel (2 break bulk & 4 container vessel) for India carrying Tur likely to be sail from 30th October to 7th November.

Tur crop in Gulbarga district has been severely affected due to fog and flood. Farmers have been suggested to spray chemicals on their crop to prevent them from damage.

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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