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Domestic-Imported Tur Mixed in Selective Mkts

29 Sep 2020 8:11 pm
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Mumbai (Commoditiescontrol) – Domestic Tur traded mixed, as per quality, on Tuesday in selected markets on limited buying from millers at prevailing rates for immediate crushing requirement.

Moreover, thin trade activity in Tur dal was witnessed from wholesale-retail counters.

Cautious trade was also reported at existing rates as government agencies have commenced liquidating old procured stocks. News is making rounds in market, that government will allocate quota to millers/refineries sooner than later, due to shortage of Tur.

Tur Lemon variety both old-new was priced weak by Rs 100 to Rs 6,300/100Kg and Rs 6,500, respectively, at Mumbai amid negligible trade activity.

On other hand, in Delhi, Tur Lemon variety (old) was offered higher at Rs 6,500/100Kg due to limited stock and buyers' active participation. As per local trader, no ready stock of Maharashtra-origin Tur was reported.

As per market view, some profit booking is likely to be witnessed at higher rates amid expectations of arrivals of 1.5-2 Lakh tons of tur supplies from Mozambique.

Overall tur prices are likely to get support at lower rates as arrivals of new domestic crop are still three months away. Moreover, import parity will also be higher, if government gives import quota to millers and also fear of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.

There is lesser availability of tur in the world markets, as international farmers have shifted away from tur to other crops after an increase in India's domestic tur production.

However, it is expected that till the new crop comes, the inventory will remain tight as the excess inventory of the past 3-4 years held by trade and government has dried up.

Spot Raw Pigeon Pea (Tur) New Prices In Key Indian Markets:



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


       
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