Mumbai, 03 Apr 2024 (Commoditiescontrol):Tur prices in domestic markets continued to rise due to steady demand from mills and stockists. Arrivals across India saw a slight increase, mainly driven by Maharashtra. However, arrivals remain below the seasonal average, supporting prices.
Despite lower arrivals, Tur prices initially struggled to gain momentum due to imports of matar and a bumper crop of masur in India. With matar and masur prices stabilizing, Tur prices are now getting momentum.
In Maharashtra's major mandis, Tur prices rose sharply by Rs 100-300 per quintal, fueled by strong demand. Limited supply and fresh buying further contributed to the price increases. Dal prices also continued to climb by Rs 100-200 per quintal, further bolstering Tur prices.
African Tur prices were largely stable, while Burma Lemon Tur prices increased in line with the domestic price rally.
Tur International Prices In Key Indian Markets:
Limited Desi Tur supplies due to lower crop yields, coupled with stable prices of substitutes like chana, masur, and matar, have driven a sharp increase in Tur prices across major markets.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices increased in response to higher raw Tur prices, but the gains were smaller. This suggests Tur dal demand is yet to pick up.
Spot Tur Dal Prices In Key Indian Markets:
Tur prices are likely to remain firm due to this year's lower crop. However, Tur dal prices currently trade at a significant premium compared to substitute pulses. This price differential makes it difficult to sustain further increases, especially with potential government intervention in light of upcoming general elections.
(By Commoditiescontrol Bureau; +91-9820130172)
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