Mumbai, 23 Apr 2024 (Commoditiescontrol):After a period of increase, tur prices across major markets in Maharashtra have steadied or shown slight weakness due to a decline in demand. Market observers attribute the stabilization to profit-taking actions following recent gains. The Hanuman Jayanti holiday resulted in the closure of key markets within Maharashtra and Madhya Pradesh.
Lemon tur prices in Myanmar saw a decrease following a strong trading session yesterday. In Yangon's local trade, prices dipped by 5000 MMK/mt. CNF India trade prices increased by $15/Mt, while reseller market prices in Chennai saw an uptick of $5/Mt.
Imported tur prices from Africa held steady in the Mumbai market. The dwindling price gap between domestic and imported tur has contributed to a decrease in lemon tur prices. However, lower production yields are expected to keep prices stable due to tighter supply.
Tur International Prices In Key Indian Markets:
Desi tur prices in bilty and mandi trade remained mostly steady, with minor declines in some centers due to profit-taking by stockists and slow mill buying at higher levels.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Mills limited tur dal sales, keeping prices firm, as current raw tur prices offer narrow crushing margins.
Spot Raw Dal Prices In Key Indian Markets:
In the near term, tur prices may maintain a steady course or see a minor increase. The limited availability of domestic arrivals resulting from lower production bolsters this outlook. However, the possibility of government intervention aimed at price management and the presence of more economical substitutes could limit major price increases.
(By Commoditiescontrol Bureau; +91-9820130172)
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