Mumbai, 16 Feb 2024 (Commoditiescontrol):Desi tur prices in India held steady today due to reduced demand at higher price points and limited arrivals. Bilty trade activity slowed ahead of the Holi holiday, as traders are currently focused on finalizing their accounts before the end of the financial year.
Specifically, prices in mandi trade Maharashtra's key markets of Latur and Hinganghat declined by 100 per quintal. Other states saw stable prices with limited arrivals. Dal prices also remained stable.
Lemon prices declined in Myanmar's local market by 25,000 MMK/Mt with CNF India trade in Yangon registering a $20/MT drop. This decline subsequently lowered Burma lemon tur prices in the Indian domestic market. Conversely, African origin tur prices saw slight gains due to increased demand.
Tur International Prices In Key Indian Markets:
Desi Tur price were steady in Bilty trade in doemstic market in most of the markets. Only Solapur market witnessed slight decline of Rs50/quintal whereas other market price remained steady.
In manid trade price were steady in most of the markets despite decline in arrivals. Only Latur and MAharashtra market reported decline in price despite decline in arrivals in these centers due to subdued demand from mills.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal price remained steady amid limited trading activity.
Spot Tur Dal Prices In Key Indian Markets:
Tur prices are expected to remain range-bound at current levels. This is due to a combination of limited supply from a smaller crop this season and lower opening stock. Simultaneously, higher prices have led to demand destruction for Tur dal, as consumers shift towards more affordable pulses like Masur, Matar, and Chana. Going forward, Tur price trends will depend on the relative prices of these substitutes, as well as the pace and volume of government procurement to replenish its buffer stock.
(By Commoditiescontrol Bureau; +91-9820130172)
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