Mumbai (Commoditiescontrol) – Domestic Tur new traded mixed, as per quality on Thursday, in major markets due to slow participation by the millers as demand in tur dals were sluggish today. Hence, millers pipeline are not vacant.
Tur millers are in standing on full pipeline but no response from dal demand which led to stalemate in buying activity.
On other hand, Tur lemon variety of Burma-origin widened losses by Rs 50 to Rs 6,400/100Kg in Mumbai due to slack mills buying despite firm cues in domestic market. While, Arusha Tur priced unchanged at Rs 5,800-5,850.
The All India Dal Mills Association has approached the government seeking early imports of tur to stabilise prices. Suresh Agrawal, president of the association, said that the crop is lower than the anticipated production due to excess rains.
As per market view, Tur prices are likely to get support at lower rates as fundamentals of Tur are strong due to lower yield, less balanced old procured stock with government and import halt.
Spot Raw Pigeon Pea (Tur) New Prices In Key Indian Markets:
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(By Commoditiescontrol Bureau; +91-22-40015513)
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