Mumbai, 16 Apr 2024 (Commoditiescontrol): Desi Tur prices in major Indian markets have continued to decline for the third consecutive session due to weak demand. Trading activity remains subdued, with fewer buyers participating in the market. The government's recent directive requiring weekly stock disclosure is reportedly deterring speculative buying, further contributing to reduced demand.Additionally, a slowdown in demand for Dal (processed lentils) is further pressuring Tur prices.
Meanwhile, the India Meteorological Department (IMD) has forecasted a monsoon at 106% of the Long Period Average (LPA). This is expected to significantly increase Kharif acreage for pulses, particularly Tur, due to its current high prices.
Imported Tur prices from Africa have remained stable. Lemon prices, however, showed a mixed trend, with prices rising in Mumbai and falling in Chennai. The Chennai market is experiencing downward pressure as shipments from Burma have begun arriving and are expected to continue over the next few days.
Tur International Prices In Key Indian Markets:
Tur prices remained steady to weak in major production centers of Maharashtra and in the major processing center Katni in bilty trade. Similarly, prices declined in mandi trade in major centers.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal price also declined in major processing centers due to dull demand .
Spot Tur Dal Prices In Key Indian Markets:
Analysts predict that Tur prices will likely trade steady to higher in the short term. Limited supply and good demand, driven by lower carry-in stocks and reduced production, are supporting prices. However, government intervention and the availability of cheaper substitutes could limit significant price increases.
(By Commoditiescontrol Bureau; +91-9820130172)
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