Mumbai, 08 May 2024 (Commoditiescontrol): Domestic tur prices dipped on Wednesday, in contrast to the stable Burmese market. Burmese Lemon tur held steady due to limited trading activity. There wasn't strong buying interest from India, but sellers weren't willing to reduce prices either.
African origin Tur prices remained consistent for the second consecutive session in Mumbai market. However, lemon prices faced a decline, mirroring the decline in the dal prices. The weak demand for dal dueing summer and oinging mango season has compelled buyers to adopt a cautious, hand-to-mouth approach. Government interventions have added to market uncertainty, discouraging stockists from from taking fresh expousre at current prices.
Tur International Prices In Key Indian Markets:
Major markets noted a weakening trend in Desi Tur prices, with declines ranging from Rs 50 to 100 per quintal in mandis. Tur dal prices also witnessed a slump of Rs 100 per quintal amid lackluster demand. Market analysts anticipate prices to maintain their current range as both buyers and sellers remain hesitant.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices have seen a moderate decline due to weak consumer demand at higher price points. This has led shoppers to choose more affordable pulse alternatives. Additionally, the current mango season is further dampening tur dal demand, resulting in subdued prices.
Market analysts predict short-term stagnation in the tur market. This stems from a twofold challenge: a limited supply due to a smaller harvest and high prices driving consumers towards cheaper pulse alternatives. The ongoing mango season further weakens demand. Additionally, the election season has created a liquidity crunch, restricting trading activity.
However, positive signs emerge on the horizon. The monsoon's arrival is expected to boost overall pulse demand, while the conclusion of elections by June 4th should alleviate the liquidity crunch. This combined effect could lead to price recovery. Furthermore, seed demand should offer additional price support, limiting potential downsides from current levels.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
