Mumbai, 18 Apr 2024 (Commoditiescontrol):Tur (pigeon pea) prices experienced a varied day in Indian markets today. Imported tur from Africa held steady, while Burma lemon tur saw declines in Chennai and Mumbai due to reduced demand at elevated prices. Delhi markets saw an opposite trend, with prices moving upwards.
Domestically, desi tur prices surged sharply across India due to lower arrivals and strong demand from millers. This increase occurred despite lower offtake in tur dal at higher prices.
Tur International Prices In Key Indian Markets:
Desi Tur prices in key markets across Maharashtra and Madhya Pradesh witnessed a noticeable increase, rising by Rs 100-300 per quintal in bilty trade. This follows a recent price correction and is attributed to increased buying activity at lower price points. Limited supply continues to bolster prices, despite the government's stock update directive.
Mandi price were steady in most of the market only Nagpur and Hinghanghat market of Maharashtra witnnessed sharp up move.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Gains in Tur dal were relatively slower than the raw tur due to weak offtake at higher prices.In Nagpur Tur dal prices moved up sharply despite this spike, Nagpur's dal prices remain lower than other major markets due to ample supply.
Spot Raw Tur Dal Prices In Key Indian Markets:
Market analysts anticipate that tur prices are likely to remain stable or continue to rise in the short term. Lower carry-in stocks, reduced production, and steady demand are key factors supporting prices. However, the potential for government intervention and the availability of more affordable substitutes could prevent dramatic price increases.
(By Commoditiescontrol Bureau; +91-9820130172)
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