Mumbai, 21 Jan (Commoditiescontrol) – Domestic Tur extended gains by Rs 50-150/100Kg, as per quality on Friday, in major markets amid better mills participation despite ongoing domestic arrivals. However, domestic arrivals contain moisture & average quality. Buyers were active in purchasing good quality new Tur in domestic markets.
Moreover, demand in Tur dal was witnessed at prevailing rates from last couple of days.
Similarly, Tur lemon variety of Burma-origin new extended rise by Rs 50 at Rs 6,250/100Kg on good mills participation despite fresh overseas supplies at Mumbai and extension of restriction-free imports till June 2022.
Vessel M V RISING from Mozambique had discharged 5600 MT till 21st Jan at Mumbai port. Vessel carrying 13,281 MT Mozambique Tur, 601.200 Malawi Tur, 513.625 Mozambique Moong, 3159.206 Mozambique Cowpea.
Forecast of rain and recent rainfall in the major producing areas during harvesting period has damage-delay & shrink new Tur crop. As per the analysts, crop loss would be around 20-30 percent due to rain and this may support its prices.
On other hand, imported variety of other origins, Tanzania origin Arusha and Matwara varieties Tur ruled unchanged each at Rs 5,400-5,450/100Kg and Rs 5,250-5,350, respectively. Sudan Tur also quoted flat at Rs 6,400-6,450. Mozambique origin gajri variety also priced steady at Rs 5,300-5,350. Malawi Tur also offered stable at Rs 4,850-4,950.
At Delhi, Burma origin Lemon variety Tur new moved higher by Rs 50 at Rs 6,550/100kg in ready delivery due to better mills participation, following firm cues from other markets.
However, stockiest were cautious and uncertain for long term stocking purpose due to government policies.
In the overseas markets, Tur Lemon-Linkhey varieties firm by $5 each at $825 per ton, respectively on a CNF basis in Burma amid local buying activities.
Meanwhile, India buyers were sidelined and were interested to purchase Tur-Urad at lower rates. India buyers has already purchase some quantities of Tur-Urad against January end shipment for Chennai.
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(By Commoditiescontrol Bureau; +91-22-40015513)