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Tur Continues To Trade Weak in Major Mkts

28 Oct 2020 7:31 pm
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Mumbai (Commoditiescontrol) – Domestic Tur continued to trade lower by Rs 50-200/100Kg, as per quality, on Wednesday in selected markets on sluggish mill buying as demand and sale counter in processed Tur witnessed lackluster activity.

Sentiments has dampened as Government extended validity of licence for Tur import of 4 Lakh MTs from November 15, 2020, till December 31 this year. Due to these, supply in quantity of Tur will increase from overseas.

As per market sources, Nafed had rejected bids of kharif 2019 Tur of lower rates today.

In Mumbai, Tur lemon variety of new Burma-origin declined by Rs 50 at Rs 6,750/100Kg in ready delivery. In forward business, commodity priced lower by Rs 150 to Rs 6,200 for November delivery.

In Mumbai, Mozambique Tur new White variety priced at Rs 5,900/100Kg, Gajjar variety at Rs 5,800 and red at Rs 5,500. In forward trade, Mozambique Tur quoted at Rs 5,40/100Kg for October-November.

Sudan Tur offered at Rs 7,000/100Kg in Mumbai.

Mozambique-origin new Tur Phatka variety priced at Rs 9,300/100Kg and Sava No variety at Rs 9,100.

Tur Lemon old variety priced lower by Rs 50 to Rs 6,550/100Kg in ready business at Delhi. In forward deals, commodity was priced at Rs 6,200 for November delivery from Chennai.

As per Burma based local trader, Tur prices remained weak as India buyer inactive. Five direct vessel (2 break bulk & 3 container vessel) for India carrying around 50,000 MT Tur likely to be sail from 30th October. These all Vessel will reach India on 13th November. One vessel expected on 7th November is cancelled for India.

Burma pulses market will remain close from 29th October onwards till 2nd November, 2020 on account of Thadingyut Festival, traders said.

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

Meanwhile, regular supply from Mozambique and Sudan Tur was reported.

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

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

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