Tur Prices Hold Steady, But Market Braces for Potential Drop

Mumbai, 21 Mar 2024 (Commoditiescontrol): Prices for tur (pigeon pea) in Maharashtra's major agricultural markets (mandis) have fallen due to a significant decrease in demand. While arrivals of tur remain low, the reduced demand has exerted downward pressure on prices at the mandis. Other major market centers in India have reported stable prices.

Traders cite the influx of low-quality tur arrivals in Akola and Amaravati as a primary reason behind the price decline. Additionally, as the financial year draws to a close, millers' demand for tur is reported to be weak, further weighing on prices.

Bilty prices (transport document prices) in major markets have largely held steady, with the notable exception of Akola, where they have decreased by 50 rupees per quintal.

International markets have also shown signs of weakness. Lemon tur prices in Myanmar, along with imported lemon prices in Mumbai, Chennai, and Delhi, have remained stable after a recent decline. Overall, trading activity is sluggish and is predicted to stay that way until the first week of April. Prices for tur sourced from Africa have also remained stable.


Tur International Prices In Key Indian Markets:1

Tur (pigeon pea) prices remained steady in mandi trade across major Indian markets as trading activity slowed ahead of the Holi holiday and the end of the financial year. However, Maharashtra's mandis experienced a price decline attributed to subpar quality tur arrivals and weak demand from mills facing poor offtake in tur dal.

Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:

Tur dal price declined in major processing center of Mashrashtra such as Akola,Latur and Nagpur due to weak demand.

Spot Tur Dal Prices In Key Indian Markets:

Tur (pigeon pea) prices are anticipated to remain steady up to the end of the month as trading activity continues to be subdued due to the financial year ending. However, from April onward, market direction will heavily depend on government procurement activity.

Trade sources indicate that stockists and mills currently hold a significant quantity of both desi and Burma lemon tur. If government buying doesn't increase, tur prices may struggle to rise. In this scenario, stockists and mills could begin liquidating their holdings, potentially putting downward pressure on prices.

(By Commoditiescontrol Bureau; +91-9820130172)