Mumbai, 24 June 2024 (Commoditiescontrol): Tur prices in Burmese markets have plunged by Kyat 110,000 per metric ton (MT) following the imposition of stock limits in India.However in CNF India trade price remained unchanged amid low trading activity.
Conversely, lemon prices in doemstic markets have shown stability, with a rise of Rs 50 per quintal in Mumbai and Delhi despite low trading activity. In most African countries, prices remained stable, except in Sudan, where prices dropped by Rs 100 per quintal.
The Indian government has imposed stock limits on tur until September 30, 2024. The specified limits are:
Wholesalers and large retailers: 200 MT
Retailers and retail outlets: 5 MT
Millers: Last 3 months' consumption or 25% of annual capacity
Importers: Stock clearance within 45 days of customs clearance
Tur International Prices In Key Indian Markets:
Following the announcement of these stock limits, tur bilty and mandi prices in Maharashtra and Madhya Pradesh have also fallen, although some markets have reported stability.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
In contrast, dal prices have mostly remained stable, except in Akola and Latur, where prices declined by Rs 200 per quintal due to higher trading prices compared to other centers. Overall demand remains sluggish, with buyers making purchases based on immediate needs.
Spot Raw Tur Dal Prices In Key Indian Markets:
Tur prices have been declining over the past few days due to weak offtake in Tur dal. The government's decision to impose a stock limit has further exacerbated this decline. However, lower production this season and limited overseas supply until September, when the new African crop is expected to arrive, should limit the fall. Any potential recovery in Tur prices will depend on a rebound in Tur dal demand.
(By Commoditiescontrol Bureau; +91-9820130172)
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