Mumbai, 13 Mar 2024 (Commoditiescontrol):Tur prices recovered slightly after a recent decline. This is due to a smaller crop this season and a reduction in imported tur supplies, which are limiting overall availability. However, demand for tur has decreased as consumers opt for cheaper substitutes like masur, chana, and matar. Additionally, with upcoming elections, there is a fear of government intervention to control prices, causing stockists to hold back and further decreasing demand. These balancing supply and demand factors are keeping prices within a stable range.
Today in Burma, tur prices increased marginally by 15000 MMK/mt in local trade, and CNF India trade prices rose by $5/Mt. Conversely, Indian markets saw declines, with Mumbai and Chennai prices dropping by Rs 50 and Rs 25/quintal respectively. Delhi, however, experienced a gain of Rs 75/quintal. African tur prices remained unchanged.
Tur International Prices In Key Indian Markets:
Desi Tur prices recovered in the domestic market due to declining arrivals and mills stocking up ahead of the Holi closure from March 24th to April 2nd. Similar trends were observed in other pulses like chana and masur.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices gained due to rising raw tur prices and higher prices for substitute pulses.
Spot Tur Dal Prices In Key Indian Markets:
Tur prices are expected to remain range-bound in the near term due to a balance of declining supply and demand. However, post-Holi, prices may face downward pressure from increased availability of substitute rabi pulses like chana and masur. The upcoming mango season could also dampen Tur demand. However higher vegetable prices and expected government purchases for buffer stock replenishment should prevent any significant decline.
(By Commoditiescontrol Bureau; +91-9820130172)
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