Mumbai, 24 Apr 2024 (Commoditiescontrol):The price of Tur (pigeon peas) in Myanmar has seen a significant decline in CNF India India trade, attributed to exporters selling. This price drop has surpassed the magnitude of price declines in Myanmar's local markets.
In Yangon market price declined shaply by $25/Mt in CNF India trade.While in local market price decclined marginaly by 10000 MMK/Mt.
In contrast, prices for Myanmar lemon Tur in the domestic Indian market, specifically in Chennai, have remained relatively stable with only minor declines. Similarly, prices for African Tur have held steady due to a balance between supply and demand within their domestic markets.
Tur International Prices In Key Indian Markets:
In doemstic market Tur price remained mostly unchanged in mandi and bilty trade due to limited demand from millers amid decling local arrivals.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices remained steady to firm as mills limited sales due to low crush margins, which are at the lower end of the historical average
Spot Raw Tur Dal Prices In Key Indian Markets:
Tur prices are expected to remain range-bound due to limited supply this season which is offsted by only need based demand by mills due to higher prices and strick goverment mointioring to control the prices and slow offtake in tur dal due to availabilty of cheaper subustitutes. However trade sources anticipte strong demand is likely to emerge during the sowing season, which is dependent on the onset and progress of the monsoon which should support a upmove in prices.
(By Commoditiescontrol Bureau; +91-9820130172)
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