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Tur Prices Reflect Mixed Trends Amid Karnataka Crop Losses and Falling Burma Lemon Tur Rates

4 Dec 2024 6:09 pm
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Mumbai, 04 dec (Commoditiescontrol):Tur (pigeon pea) prices exhibited mixed trends across Indian markets on Wednesday, as concerns over Karnataka's crop losses collided with declining Burma Lemon Tur prices.

In Karnataka, particularly in the Kalaburagi district—a major Tur-producing region—significant crop losses have been reported. According to The Hindu, nearly 2 lakh hectares out of the 6.22 lakh hectares sown have become unproductive. The region recorded a stark 70% rainfall deficit in November, receiving only 5 mm against the normal 20 mm. The prolonged dry spell left the shallow black soils unable to retain sufficient moisture, leading to widespread wilting of plants. The weakened crops have also suffered from fungal infections, further compounding the losses.

This bleak scenario has introduced uncertainty in desi Tur markets, as stakeholders, including millers and stockists, evaluate the potential impact on supply and pricing.

Meanwhile, Burma Lemon Tur prices for December CNF India shipments remained steady at $1,010 per metric ton. However, domestic prices in Myanmar declined further by 1,00,000 Kyat to 36,00,000 Kyat per ton. Trade sources report that the harvest of new Tur has commenced in Myanmar, with the fresh crop expected to reach the Yangon market by late December or early January. Initial quotes for the new harvest are around $950 per metric ton, indicating potential further softening of Burma Lemon Tur prices in the coming weeks.

Prices for African-origin Tur, however, remained unchanged, providing stability in this segment.

Tur International Prices In Key Indian Markets:



Arrivals of the new crop have begun to increase in Karnataka’s mandis, with steady inflows of around 60 truckloads in Maharashtra’s Solapur market from karnataka region. Prices across major processing centers varied, with declines in Madhya Pradesh and stability in Chhattisgarh. Some mandis in Karnataka and Maharashtra reported weaker demand from mills, further pressuring prices. However, tur dal prices showed resilience in Akola and Latur, rising ₹200 per quintal, while remaining stable in other markets such as Mumbai and Gulbarga.

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


Tur dal price recovered in select centers on buying interest from retialers.

Spot Raw Tur Dal Prices In Key Indian Markets:


The Indian Tur market is navigating a challenging dynamic of declining Burma Lemon Tur prices and reduced crop output in Karnataka. These conflicting factors have fueled volatility, with market participants closely watching government procurement policies for the upcoming crop and the strategies of stockists and millers. Tur prices are expected to remain volatile until there is greater clarity on the extent of crop losses in Karnataka.

(By Commoditiescontrol Bureau; +91-9820130172)


       
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