Mumbai, 19 Apr 2024 (Commoditiescontrol):Desi tur (pigeon pea) prices in Maharashtra and Madhya Pradesh have fallen after a recent uptrend. Market reports highlight profit-booking at higher levels and dwindling demand for tur dal as the primary reasons for the decline. Prices have dropped by Rs 100-200 per quintal across major markets.
Imported tur prices from Africa and Myanmar have remained stable. The subdued demand after the recent price surge is keeping prices within a relatively narrow range. Burmese markets are closed due to the water festival and will reopen on Monday.
Tur International Prices In Key Indian Markets:
Desi Tur prices declined due to profit booking and lower demand from mills, stemming from slow offtake of Tur dal. Bilty trade in major markets saw price decreases. Mandi trade prices remained relatively stable because of declining arrivals. Only the Hinghanghat market experienced a decline of Rs100/quintal. The Nagpur market was closed due to a general election.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal price remained steady to weak amid slow offtake at higher prices.
Spot Tur Dal Prices In Key Indian Markets:
Analysts predict that tur prices could either remain steady or see a slight increase in the near future. Factors contributing to this outlook include declining domestic arrivals, lower production levels, and consistent demand for tur. However, potential government intervention to stabilize prices and the availability of cheaper alternatives could limit significant price hikes.
(By Commoditiescontrol Bureau; +91-9820130172)
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