Tur Prices Expected to Dip Further Amid Profit Booking and Favorable Rains.

Mumbai, June 24 (Commoditiescontrol):In the week ending June 24, 2023, Imported Tur whole (Tur) prices, particularly from Burma and Africa, significantly dropped by Rs 300-400 per quintal. In contrast, domestic varieties experienced a smaller decline of up to Rs 125 per quintal, possibly due to a larger number of market participants holding the domestic variety, while multinational corporations and major players, especially in overseas markets, controlled the imported pulses in relatively larger quantities hence quantum of profit booking is more in imported pulses.

The significant price reduction was primarily driven by resellers aiming for profits in Tur dal, resulting in an increased supply. Additionally, the higher prices have led to a decline in demand for Tur dal, as consumers and the Horeca segment have shifted their preference to more affordable pulses. Government regulations have also effectively reduced the demand for stockpiling.

Regarding forward deals, the price of Lemon Tur ready for delivery in Chennai stood at Rs 9,725. However, prices for July-August delivery were higher, ranging between Rs 9,800 and 10,200. Consequently, the CNF Chennai price for Burma Lemon Tur decreased by $70, reaching $1,275.

On the other hand, the domestic variety of Tur in the bilty trade at Akola faced weakness, declining by Rs 125-150 to Rs 10,250-10,300 per 100kg as local and outstation millers and traders less active, due to demand for desi Tur dal remained relatively sluggish. Resellers actively participated in Tur dal trading, capitalizing on the prevailing rates to secure profits. In Gulbarga's mandi, Tur prices traded almost unchanged, ranging from Rs 10,000 to 10,400 per 100 kg, depending on the quality.

Similarly, Tur dal processed from Tur sourced from Mozambique, Burma, and Sudan slid to a Rs 300 price per 100 kg as resellers active. However, Tur dal processed from imported Tur remained significantly more cost-effective than its domestically processed counterpart.

Similarly, overseas markets, particularly in Myanmar and Africa, witnessed a similar sentiment, resulting in decreased CNF prices for Tur from these regions due to profit booking. The prices for Tur from Mozambique, Malawi and Sudan remained weak in domestic markets by Rs 200-300/100Kg on thin mills demand.


Due to import disparity and a weak sentiment in domestic markets, Indian buyers were noticeably absent from the Burma markets. Consequently, stockists resorted to profit booking, which led to a decline in local prices and CNF quotes for Indian destinations. Meanwhile, the Burmese kyat has maintained its stability against the US dollar, with an exchange rate of 2,850 Kyat per dollar.

As of June 23, 2023, the Kharif Tur acreage in India for the 2023-24 season decreased by 66% compared to the same period last year, with only 0.62 lakh hectares (Ha) planted, in contrast to 1.8 lakh hectares (Ha) planted last year. This decline can be attributed to the absence of rainfall in Maharashtra and Karnataka's major Tur-producing states. However, there has been a significant change in the weather conditions, as heavy rains were witnessed in these regions over the weekend. Furthermore, there is a forecast of additional rainfall expected in these areas in the coming week.

As per the technical chart analysis for Burma Tur (CNF $), a counter-trend decline may be in the offing. The next support levels are anticipated at $1250, followed by $1100. Click here

Trend: Market indicators suggest a significant peak for Tur prices, hinting at an ongoing downward pressure. Tur dal's demand is likely to remain subdued due to its high price compared to Moong, Chana, and Masoor dal. The recent weekend rains, accelerating the sowing pace and higher Tur prices, may incentivise increased acreage. This, coupled with heavy profit booking and slower demand from buyers, is expected to contribute further to the downward trend. The anticipated influx of supply from African origins next month might amplify this decline.

(By Commoditiescontrol Bureau: 09820130172)