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Burma Tur Opens Higher In Mumbai Despite Doubling Of Import Quota

12 Jun 2019 2:17 pm
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MUMBAI (Commoditiescontrol) – Tur Lemon variety of Burma origin opened higher at Mumbai pulses market on Wednesday.

Tur lemon variety of Burma origin moved higher by Rs 50 at Rs 5,400/100Kg.

Prices of Tur today moved higher despite the Centre on Tuesday decided to raise the import quota of Tur to four lakh tonne for private traders till October to curb the prices.

The Centre also asked Nafed to release two lakh tonne Tur from its buffer stock in the open market. A decision in this regard was taken at the inter-ministerial committee meeting chaired by Food Minister Ram Vilas Paswan in New Delhi.

Tur prices gained due to declining domestic arrivals, rise in consumption demand for dals because of higher vegetable prices and supply squeeze from overseas and on concerns over monsoon.

Government had earlier committed earlier to give Tur delivery to Tamil Nadu Civil supply and also had committted some quantity to other states. At present, around 5.78 lakh tonne of previous years stocks is left with the government along with current year procured stock at around 2.75 Lakh tonne.

If government begins delivery of Tur for crushing to major states then there will be no buffer stock left with government.

Myanmar and a few African countries are the only producers of tur apart from India. The availability of tur from Burma and African countries has declined as India had put import restrictions last year.

As per local trader, stock of Tur in Burma is very less. Approximately, 10000 MT of tur for crop year 2016 , 50000 MT of crop year 2017, 30000 MT of crop year 2018 and 30000 MT of crop year 2019 is available in Burma.

Meanwhile, sowing of Tur has begun in Burma and is expected to be better compared to previous year due to favourable weather and good rain.

Local trader in Burma also hopes that buying from India will remain good this year due to less and delayed rain. New crop is expected to arrive in December.

Tur prices may slow down if Nafed begins the sale of procured Tur. Prices of Tur are likely to remain firm in the coming days, with the progress of the monsoon.

However, demand and sales counters in Tur Dal remained subdued from consumption centres.

Demand in Tur dal is expected at lower rates as retailers/wholesalers pipeline are empty. They remained active in purchasing as per immediate needs due to liquidity crunch.

(By Commoditiescontrol Bureau; +91-22-40015513)


       
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