Mumbai, 20 May 2024 (Commoditiescontrol):The relentless rise in Tur (pigeon pea) prices continued unabated. Monday, the start of the trading week, saw a further increase following last week's substantial escalation. Slowing arrivals and steady demand from mills due to depleting stocks have pushed prices higher.
Burmese markets have strengthened in local trade due to stockist buying interest. However, due to the absence of Indian buyers, CIF (Cost, Insurance, and Freight) prices for India have decreased by $10 per metric ton, while resale prices in Chennai remained steady after a significant increase yesterday.
In the Indian market, Tur prices from Burma and Africa remained steady, with the only exception being the Chennai market, which witnessed a slight gain of Rs 25 per quintal.
Tur International Prices In Key Indian Markets:
Desi Tur prices continued to move up in doemstic market on steady mill demand in bilty trade.Similarly mandi price inrease in the select mandis. While price remained steady in other mandis.However Amravati market saw slight decline in prices.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices increased in select markets like Akiola and Latur while in other markets prices remained steady due to subdued demand in Tur dal.
Spot Tur Dal Prices In Key Indian Markets:
.jpeg)
Tur prices are expected to maintain their current upward trend as domestic stocks deplete and consumption rebounds with the end of the mango season. However, this increase will likely be tempered by the ample supply of yellow peas and reduced demand due to high tur dal prices. While the demand for tur for seed purposes during kharif sowing and the limited supply of imported tur until October may provide some price support, a significant price surge is unlikely due to these counterbalancing factors.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
