Mumbai, 08 Nov 2024 (Commoditiescontrol): Desi Tur (pigeon pea) prices held steady to slightly lower on Friday, ending a two-day rise, amid increased arrivals and anticipation of fresh supply from December. The Lemon Tur variety maintained stable prices due to stockist interest, while African-origin Tur weakened, impacted by limited demand alongside steady supplies.
Price movements have been contained by expectations of a strong Kharif harvest. While Desi and Lemon Tur varieties have shown stability, African-origin Tur softened due to subdued demand. Burma-origin Lemon Tur remained unchanged in Indian markets, while other varieties saw mixed fluctuations reflecting varied trading sentiment.
The Indian government recently revised its production estimates for Tur, projecting output at 35.02 lakh tonnes, a modest increase from last year’s 34.17 lakh tonnes. However, given a 14% rise in sown area and favorable weather, the production estimate might see further upward revision if conditions remain favorable.
On the international market, Burma's Lemon Tur maintained its price at $1,105 per metric ton (CNF India), reflecting steady demand. Domestically, imported Lemon Tur remained unchanged, with Mumbai seeing prices at ₹9,950 per quintal, a trend mirrored in Chennai. However, Delhi observed a slight dip, with prices down by ₹100 per quintal. Other African-origin varieties, such as those from Sudan, Tanzania, and Mozambique, either remained steady or showed slight easing.
Tur International Prices In Key Indian Markets:
Key production hubs saw steady Desi Tur prices, although Akola’s prices dropped by ₹100, now ranging between ₹10,700 and ₹10,750 per quintal. Prices in Latur remained at ₹11,300–₹11,400, with Kanpur and Katni holding steady.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Processed Tur dal prices were largely unchanged across major markets like Akola, Katni, Latur, Mumbai, and Gulbarga.
Spot Raw Tur Dal Prices In Key Indian Markets:
Analysts expect Tur prices to remain range-bound in the short term, supported by limited stocks of Desi and Burma-origin Tur and a steady supply from African regions. Demand is expected to stay need-based until the arrival of the new Kharif crop. The market’s direction will largely depend on crop progress through crucial stages like flowering and pod formation in the coming months. Additionally, an upcoming government decision on the potential extension of duty-free matar imports may influence Tur market dynamics.
(By Commoditiescontrol Bureau; +91-9820130172)
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