Mumbai, 28 Jun (Commoditiescontrol): Imported & domestic varieties Tur maintained steady-to-firm trend at major markets amid increased mill buying. Moreover, prices also received support due to less ready stock, and lower imports due to price disparity.
Further, a slowdown in domestic arrivals especially average quality lent support to markets.
Most markets were closed due to Amavasya or (no moon day).
At Burma, Tur Lemon offered higher by $20 at $840 per metric ton on CNF basis following firm trend in Urad. However, no actual trade reported by India buyers.
There is limited selling interest for the good quality Tur.
Apart from loss in acreage due to delayed monsoon another reason is the shift in acreage to other crops such as cotton and soybean due to better returns.
Though the monsoon has recovered in last few days, still recovery is not sufficient to make up for losses. However, there is still time available for sowing and the window is open till July last.
Meanwhile, inventory of Tur and Tur dal is limited in the pipeline due to uncertainty about government regulation stockiest are still inactive. Demand in Tur dal at higher rates was slow.
In the near term, a pick-up in seasonal demand will support the prices. But long term trend will depend on the revival of the stockiest and trade participants' interest in increasing inventory level. Uptill now stockiest are almost out of market and trade participants prefer to keep inventory to meet immediate requirements only. This is due to fear of government interference in the market to keep prices under check.
Following are rates (Rs/100Kgs) of various pulses (Imported & Desi) in Delhi today:
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