Mumbai, 09 May 2024 (Commoditiescontrol): Domestic tur prices witnessed mixed trend on Thursday, while the Burmese market turned weak on poor offtake. Burmese Lemon tur quoted 15,000 Kyats weak due to the poor trading activity. There wasn't strong buying interest from India, but sellers weren't willing to reduce prices either.In CNF India terms price remianed unchanged amid no trading activity in Yangon market.
As buyer remain hesitant to buy tur dar at the high prices and seller not keen to sell goods at low prices, resulted in limited trade and no price movement of Tur.
African origin Tur prices saw a mixed trend. Lemon prices edged up in Mumbai and Chennai, defying the broader marker trend as due to depleting stocks supply remains limited. The weak demand for dal during summer and ongoing mango season has compelled buyers to adopt a cautious, hand-to-mouth approach. Government interventions have added to market uncertainty, discouraging stockiest from taking fresh exposure at current prices.
Tur International Prices In Key Indian Markets:
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Major markets noted a weakening trend in Desi Tur prices, with declines ranging from Rs 75 to 100 per quintal in mandis. Tur dal prices also witnessed a slump of Rs 100 per quintal amid lackluster demand. Market analysts anticipate prices to maintain their current range as both buyers and sellers remain hesitant.
Spot Raw Tur Dal Prices In Key Indian Markets:
Tur dal prices have seen a moderate decline due to weak consumer demand at higher price points. This has led shoppers to opt for cheaper alternatives. Additionally, the current mango season is further dampening tur dal demand, resulting in subdued prices.
The tur market faces short-term stagnation due to limited supply from a smaller harvest and high prices driving consumers to cheaper alternatives. The mango season and election-related liquidity crunch also weaken demand. However, the upcoming monsoon and the election's conclusion by June 4th could boost demand and ease liquidity, leading to potential price recovery. Seed demand should further limit price declines.
(By Commoditiescontrol Bureau; +91-9820130172)
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