Mumbai, 25 Apr 2024 (Commoditiescontrol):Tur prices are trending downward in major markets due to lower demand from mills at prevailing prices. Profit-taking by stockists is also adding to the well-supplied market, further contributing to the price decline.
Reports from Myanmar indicate a marginal drop in local tur trade prices by 40000 MMK/Mt. Meanwhile, limited activity in the CNF India trade has resulted in a wide disparity in import prices, keeping CNF prices stable.
Domestic markets witnessed a steady trend for Burma and African tur varieties. This stability comes despite limited demand and a weakening pattern in desi tur prices.
Tur International Prices In Key Indian Markets:
Desi Tur price declined in almost all the major markets due to decling demand and profit booking by stockiest keeping market well supplied hence putting pressure on price. Further start of manogo season also will keep price subdued.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal price remained steady amid limited demand and supply.
Spot Tur Dal Prices In Key Indian Markets:
Tur prices are expected to remain range-bound due to limited supply and demand. This season's lower crop yields have restricted supply, while high prices are discouraging demand. Buyers are shifting to cheaper substitutes and limiting purchases to immediate needs. Additionally, strict government monitoring has discouraged stockists and mills from holding excess inventory, further reducing demand.
However, an increase in demand is anticipated during the upcoming sowing period, potentially leading to a spike in prices.
(By Commoditiescontrol Bureau; +91-9820130172)
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