Tur Prices Continue Downward Trend in Domestic Markets

Mumbai, 12 Mar 2024 (Commoditiescontrol):Tur prices continued their decline in key domestic markets due to slow demand for Tur dal. Prices for both desi and Burma lemon Tur decreased in domestic markets. However, African-origin Tur prices remained steady in the major trading hub of Mumbai due to limited available stock.

In the Burmese market, prices declined by 100,000 MMK/MT due to increased new crop arrivals and a lack of stockist purchases at prevailing rates.

Imported Tur Prices In Key Indian Markets and :

Desi Tur prices continued their decline in domestic markets, affecting both mandi and bilty trade. This downturn is attributed to slow demand for Tur dal, driven by the availability of cheaper substitutes and stockists' reluctance to buy at current high prices.

Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:

Tur dal prices continued their decline in key production and processing centers, specifically Akola and Latur.

Spot Tur Dal Prices In Key Indian Markets:





Due to the ample availability of cheaper substitutes, Tur prices are expected to remain under pressure despite lower production this season. Prices may find support only if the cost of cheaper substitutes, such as masur, chana, and matar, improves due to a slowdown in arrivals and government purchases to replenish its buffer stock.

(By Commoditiescontrol Bureau; +91-9820130172)