Mumbai, 13 Nov (Commoditiescontrol): Tur (pigeon pea) prices continued to decline for the fourth consecutive session on Wednesday, with Lemon Tur experiencing steady declines across domestic and Burma markets. Limited stock availability in both regions, coupled with need-based buying by mills, has resulted in a volatile and illiquid market environment.
In Burma, Lemon Tur prices steadied following a sharp drop in the previous session. Stockists remain cautious amid subdued buying interest, leading to a slight dip in Cost and Freight (CNF) prices. In India, key ports like Mumbai and Chennai reported softer Lemon Tur prices due to weak demand and stable supply levels. African-origin Tur from Sudan, Tanzania, and Mozambique remained mostly unchanged, reflecting limited buyer activity.
On the international front, Burma's Lemon Tur prices declined by $5 to $1,060 per metric ton (CNF India), aligning with tepid demand from Indian buyers. Imported Lemon Tur prices in Mumbai slipped to ₹9,550 per quintal, with similar declines in Chennai, while Delhi’s market, previously stable, also showed signs of softening.
Tur International Prices In Key Indian Markets:
In key domestic production areas, Desi Tur prices reflected varying trends. Akola saw a ₹50 dip, trading between ₹10,500 and ₹10,550 per quintal, while Nagpur’s prices rose by ₹100, reaching ₹10,700 to ₹10,800 per quintal. Kanpur also reported a decline in prices.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
For processed Tur dal, prices largely softened in Akola, Latur, Mumbai, and Gulbarga, though Nagpur reported an increase.
Spot Raw Tur Dal Prices In Key Indian Markets:
Tur prices continue to trend lower in the domestic market amid subdued trading, with downward pressure largely influenced by price movements in the Burma Tur market. Increased Tur acreage this Kharif season has kept buyers cautious, holding off on purchases. However, the new Kharif Tur crop is still two months from entering Indian markets, as it remains in the critical flowering and pod development stage, with yield outcomes highly dependent on weather conditions in the coming weeks.
Additionally, the government’s decision to extend duty-free imports of matar is expected to exert further pressure on Tur prices. Finally, the trajectory of the Indian rupee against the US dollar will be a key factor shaping Tur price trends in the near term.
(By Commoditiescontrol Bureau; +91-9820130172)
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