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Domestic variety Tur price stay soft on dull mill purchase

27 Sep 2022 7:23 pm
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Mumbai, 27 Sep (Commoditiescontrol): Domestic variety Tur traded weak, as per quality, at major market amid dull mills purchase, reflecting sluggish offtake of Tur dal.

Burma origin Tur extended fall at Mumbai, Delhi & Chennai on thin trade activites, traders said. Further, upcoming cheaper supplies from Africa and month-end settlement of forward business added pressure.


Arrival pressure too seen building on the counter. Around 319 containers from Burma (7656 MT) & 49 container from Tanzania (1176 MT) arrived at Chennai port from Sep 15-21, 2022. Each container is of 24 MT.


Meanwhile, Tur dal processed from African origin Tur was offered at lower rates for next month delivery condition as new crop Tur has started arriving in India ports. This will result in an increased price difference in Tur dal processed from Lemon variety and domestic variety versus dal processed from African Tur. As a result, prices of Tur dal processed from Desi Tur and Lemon Tur may come under pressure at higher rates.


At Burma, Tur Lemon variety price stayed unchanged at $945 per metric ton on CNF basis for Mumbai. For Chennai Tur Lemon variety was offered at $930 per metric ton on CNF basis for October shipment. Meanwhile, local currency movement was strong at 3100 Kyat/dollar as compared to previous closing of 3100-3200 Kyat/dollar. Fluctuation of Burma Lemon Tur prices depend on currency movement.

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



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


       
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