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Domestic Tur Widen Losses in Major Mkts, Burma Variety Gains

21 Jan 2021 7:01 pm
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Mumbai (Commoditiescontrol) – Domestic Tur new extended fall for third straight day Rs 25-150/100Kg, as per quality on Thursday, in major markets amid dull mills buying activity and ongoing arrivals.

Moreover, demand and sale counters in Tur dal reported thin action due to less consumption in dal due to availability of cheaper. Demand in dal is likely to improve from mid of February.

However, buying at lower rates from millers, stockiest and traders cannot be ruled out due to empty pipeline.

A
rrivals of new Tur in domestic market continue to be below expectations. New Tur crop was expected to be lesser as compared to last year, due to fewer yields because of wilt attacks and weather concerns.

As per market view, farmers will hesitate to liquidate their produce at lower rates in open market.

As on January 19, 2021, NAFED has successfully procured 1382.82 MT of Tur at Minimum Support Price of Rs 6,000.

Nafed Had Rejected All Bids of kharif 2019 Tur of 20 January in Maharashtra & Karnataka. Highest bid in Karnataka was registered Rs 5,675/100kg and in Maharashtra was 5,555.

On other hand, Tur lemon variety of Burma-origin traded higher Rs 100 to Rs 5,900/100Kg in Mumbai.

In Delhi, Burma origin Lemon new variety gained by Rs 100 at Rs 6,200/100kg in ready delivery from Chennai. Similarly, commodity was also up by Rs 50 at Rs 5,850 at Chennai spot. Haryana origin new domestic Tur moved up by Rs 50 at Rs 5,450.

Moreover, less stock of old procured Tur was reported with government agencies.

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



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


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