Mumbai, 10 May 2024 (Commoditiescontrol): Domestic tur prices strengthened on Friday, tracking firm Burmese market and increased offtake in doemstic markets. Locally, mills were involved in need-based buying.
Burmese Lemon Tur prices strengthened by 45,000 Kyats due to increased demand from local stockists and exporters. However, trading activity was subdued because of limited available stock and current conditions at Burmese ports. In CNF India terms, prices were quoted marginally higher.
Burma lemon Tur and African origin Tur prices held steady with limited trading activity due to the absence of many market players during Akshaya Tritiya.
Desi Tur prices in major consuming markets rose by Rs 50-100 per quintal due to increased demand at lower prices. However, prices have remained within a narrow range for the past few days. Mandis were closed for Akshaya Tritiya.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
After a weak session, Tur Dal prices remained mostly stable, except in Akola and Latur where prices rose due to strong demand.
Spot Tur Dal Prices In Key Indian Markets:
The Tur market is currently experiencing a period of stagnation due to constrained supply from a smaller harvest and consumer preference for cheaper alternatives amid high prices. The ongoing mango season and election-related liquidity constraints have further dampened demand. However, market dynamics are expected to shift with the arrival of the monsoon season and the conclusion of elections by June 4th. These factors are anticipated to ease liquidity concerns and drive increased demand for pulses as temperatures decline, potentially leading to a recovery in tur prices. Furthermore, the upcoming sowing season is expected to see higher seed demand due to anticipated increased acreage, which should provide additional support to prices.
(By Commoditiescontrol Bureau; +91-9820130172)
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