Mumbai, 01 Apr 2024 (Commoditiescontrol):Tur prices increased in major domestic markets as trading activity resumed after a week-long slowdown due to the Holi festival and financial year-end. Mills were actively buying to replenish raw Tur stocks following lackluster arrivals last week. Similarly, Tur dal prices gained in select markets as retailers sought to restock after slow supplies during the holiday period.
Following a weak session last week, imported lemon Tur prices in Mumbai, Chennai, and Delhi rose by Rs 50-200 per quintal. The resale market in Chennai increased by USD 20 per MT, mirroring gains in domestic Tur prices. Meanwhile, local prices in Myanmar remained stable with limited trading activity.
Tur International Prices In Key Indian Markets:
Tur prices in Maharashtra's mandi trade remained mostly stable, with the exception of Hinghanghat, where prices increased by Rs 100 per quintal. Arrivals were lower than average.
Bilty trade prices were up in select Maharashtra markets like Akola and Solapur due to local demand, while prices remained steady in other major markets like Latur and Nagpur. Prices held steady in major processing centers of Madhya Pradesh, such as Katni and Indore. In Uttar Pradesh's major consumption center, Kanpur, prices witnessed an increase.Similarly price were up in Chattishgarh's Raipur market.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices witnessed a sharp increase in major consumption centers as retailers replenished their stocks after a supply slowdown due to the Holi holidays and financial year-end.
Spot Tur Dal Prices In Key Indian Markets:
Today's surge is likely due to pent-up demand following slow raw tur arrivals in mandis, along with retailers restocking tur dal after weak holiday supplies. Prices may stabilize once the pent-up demand subsides.
(By Commoditiescontrol Bureau; +91-9820130172)
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