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Tur Prices Dip as Millers Stay on Sidelines, African Production Woes Loom

22 May 2024 7:09 pm
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Mumbai, 22 May 2024 (Commoditiescontrol): In a continued downward trend, tur prices dipped for the second consecutive session across major domestic markets, with millers maintaining a subdued stance. Mumbai witnessed a Rs 50 per quintal decline in lemon prices, attributed to tepid miller demand. Meanwhile, African tur prices remained steady following a recent surge, stemming from production forecasts indicating a 15-20% reduction due to drought conditions

The closure of Burmese markets for the Full Moon Day of Kasone contributed to subdued market trend.

Tur International Prices In Key Indian Markets:

In Maharashtra's major mandis, tur blity prices were steady to weak , with Akola experiencing a downturn while other markets maintained stability. Local traders attribute Akola's price decline to lower quality produce.

Similarly, Kanpur witnessed a Rs 100 per quintal downtrend. Desi tur prices in major mandis also exhibited stability to weakness, with Akola and Hinghanghat registering declines of Rs 50-100 per quintal.

In bilty trade, Tur prices decline in Akola and Kanpur market due to poor mill offtake. The summer season influence on buying activity is still to ebb lower.

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

Despite down trend in Tur prices Tur dal prices have remained steady, with no changes observed . Reports from local sources indicate subdued demand, yet millers are hesitant to offload stocks at prevailing rates, thus maintaining price stability.
Spot Tur Dal Prices In Key Indian Markets:

Expectations point towards a wider range in price movements with a positive bias in the coming days. Additionally, the demand for seeds is anticipated to uphold premium material prices, further contributing to stability. As market participants navigate these complexities, attention remains focused on African production forecasts and their potential implications on global tur markets.

(By Commoditiescontrol Bureau; +91-9820130172)

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