Login ID:
Password:
Partner Login
Contact Us : 7066511911

Domestic Tur trade mixed at select market on thin mill buying

6 Oct 2022 8:15 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 6 OCT (Commoditiescontrol): Domestic variety Tur traded mixed at select markets on thin mills purchase as offtake in Tur dal remained sluggish, traders said.

Millers were facing disparity due to poor offtake of Tur dal despite ongoing festive season and higher vegetable prices, they added. Current set-up remains fairly inter-linked between availability and demand as also swiftness to price change.

Price of Burma origin Lemon variety Tur firmed up Rs 25/100Kg as sellers were inactive at lower rates, low ready stock & less supplies from overseas. On the other hand, Africa origin Tur of all variety priced unchanged on limited mills trade and supplies from its origin.

Supplies continue to trickle in at a brisk pace. Vessel M V ISLANDER from Africa had discharged 10,125 MT till 6th Oct at Mumbai port. Vessel carrying 23,873 MT Mozambique Tur.

On currency front, U.S. dollar continue to dominate commodity price movement. As long as it stays firm, overseas pulses may quote strong. Rupee depreciated to 82.14 against USD making imports costlier.

Weather conditions are also adding some flavour to trade these days. Rainfall was reported in select markets of Maharashtra, Karnataka & Madhya Pradesh since last evening.

Burma origin lemon variety Tur firm by Rs 25/100Kg at Naya bazaar market of Delhi on fresh local buying at lower rates. At Chennai, Burma Tur Lemon variety priced at Rs 7,200-7,225.

As per Gulbarga based trader, the region witnessed rainfall since last evening. Weather stayed clear during the last fortnight and was beneficial for Tur crop. Once the rains stop, exact damage caused to standing crop of Tur will be known.

Yadgir region witnessing rains since last night. New Tur Will start by last week of Dec. Tur crop expected down 25-30% compared to last year.

At Burma, Tur Lemon variety quoted lower by $10 at $910 per metric ton on CNF basis for Mumbai. For Chennai Tur Lemon-Linkhey variety offered at $905 per metric ton on CNF basis for October shipment. Today, local currency Kyat weakened against the U.S. dollar. It stood at 2900 Kyat/dollar versus 2800-2900 during the previous day closing.

As per local source, Tur stock at Burma are estimated at around 1 lakh tonne. New Tur crop expected to begin from December onward.

Tur dal processed from African origin Tur 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.

There is likelihood of Turdal demand reviving after 5th October, due to lower rates. Prices may get support if Tamil Nadu civil supply award purchase tender on Oct 10th. Stockiest are expected to exit from Tur and shift to soybean stock. Any rise in prices should be seen as an opportunity to exit.

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



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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Burma Tur-Urad extend gain at Mumbai; Imported Masoor s...
Burma Urad-Tur prices in $ terms at Chennai
Chana trades unchanged at Delhi on thin activity despit...
Chana dal price remain weak at Akola-Nagpur & Latur
Domestic Tur trades mixed at select market; Burma varie...
more
Top 5 News
Oil Spot Prices : 28-Jan-2023
Burma Tur-Urad extend gain at Mumbai; Imported Masoor s...
Major producing states witness arrival of 1,10,800 bale...
Cotton prices steady at Karnataka markets on slow mill ...
Cotton prices strengthen at Andhra & Telangana on mills...
Top 5 Special Reports
Akola Desi Tur (Pigeon Pea) Consolidating in an Uptre...
Castor Oil (Kadi) Inflection Point: Retesting Key Upt...
US soybean net export sales for Jan 13-19 up 16% W/W at...
US Cotton net export sales for Jan 13-19 up 2% W/W at 2...
Soy Refined Oil (Indore) Weak Short-term Trend / Next...
Copyright © CC Commodity Info Services LLP. All rights reserved.