Mumbai (Commoditiescontrol) – Domestic Tur moved higher Rs 50-200/100Kg, as per quality on Monday, in major markets amid mill buying activity on immediate requirement for crushing.
The demand in tur dals has limited action due to new restrictions.
However, the availability of tur has now transferred into hands of stockist and corporates who will not easily release the stock in market.
It’s too early for them to start booking profits on their stocks which will keep the supply tighter.
In Mumbai, Burma origin lemon variety Tur along with ArushaTur gained Rs 50-150 to Rs 6,800/100Kg and Rs 6,400, respectively following firm cues from domestic markets and limited imported ready stock.
The INR has depreciated to Rs.75.06 per US$ will make import costlier in pulses.
As per market sources, Tur prices are likely to get support as sellers were inactive. Fundamentals of Tur are strong due to lower yields, lesser old procured stock with government. Although, overseas imports will arrive at regular intervals as the government already issued a total of 6 lakh tonnes quota.
Spot Raw Pigeon Pea (Tur) New Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-22-40015513)