Indias Tur Market Mixed as Trade Resumes Post-Diwali; Burma Lemon Tur Rallies Further

Mumbai, 04 Nov 2024 (Commoditiescontrol): India's Tur (pigeon pea) market saw mixed price movements on Monday as trading resumed following a week-long Diwali holiday. Burma-origin Lemon Tur continued to rally in domestic markets, while Desi and African-origin Tur held steady amid limited trade activity. Recent price increases in Tur are attributed to speculative buying and tight availability of both Desi and Burma-origin supplies.

In international markets, Burma’s Lemon Tur softened by $5 to $1,120 per metric ton (CNF India) as buyer interest remained muted, while prices within Burma held steady at 4,200,000 Kyats (FOB).

In Mumbai, imported Lemon Tur was quoted at ₹10,050 per quintal, marking a ₹200 rise. Chennai and Delhi markets also posted modest gains, with Delhi reaching ₹10,350 per quintal. Sudan-origin Tur climbed ₹100 to ₹10,600 per quintal, while Mozambique and Tanzanian-origin Tur prices remained stable.

Tur International Prices In Key Indian Markets:


In key regions, Desi Tur prices remained steady. At Akola, prices dipped by ₹25, trading between ₹10,700 and ₹10,750 per quintal, whereas Latur saw a rise of ₹100, lifting prices to ₹11,300–₹11,400 per quintal.

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


Processed Tur dal prices held steady in major markets like Gulbarga and Katni, reflecting the overall stable trend.

Spot Raw Tur Dal Prices In Key Indian Markets:


The ongoing rally in Tur prices appears largely speculative, driven by low stock levels of Burma Lemon Tur and desi Tur. Limited liquidity has intensified market volatility, causing sharp price fluctuations even with minor changes in demand or supply. Despite the availability of African-origin Tur at competitive cheaper rates, it hasn’t followed the same upward trend, suggesting that speculative buying continues to play a central role. The next two months will be pivotal for the domestic Tur crop as it progresses through the critical flowering and pod development stages, which will determine crop yield and, ultimately, the direction of Tur prices.

(By Commoditiescontrol Bureau; +91-9820130172)