Mumbai, 09 dec (Commoditiescontrol): India's tur (pigeon pea) market opened the week on a subdued note, with prices for desi, Burma, and African-origin varieties trading lower in most regions. Lemon tur prices in Burma's local markets experienced a rebound, supported by bargain buying and limited stock availability. However, CNF India trade prices for Burma-origin tur continued to decline, even as local rates held steady.
In Burma, Lemon tur prices rose by 50,000 MMK to 3,600,000 MMK per metric ton in local trade, while CNF India prices softened slightly to $960 per metric ton due to weak demand. Chennai resale prices showed stability at $955 per metric ton, reflecting signs of price stabilization as stock levels tighten.
Domestically, Mumbai and Chennai markets reported a drop in Burma Lemon tur prices, declining by ₹100–₹150 per quintal to Rs9100/quintal. The landed cost in India is now estimated at approximately ₹8,300 per quintal, suggesting room for further price adjustments.
Tur International Prices In Key Indian Markets:
Maharashtra markets reported weak trends for desi Tur, with bilty trade prices under pressure, primarily due to the declining trend in Solapur market. The continued price weakness in Solapur was attributed to rising arrivals, as the mandi recorded 75 truckloads today, an increase of 10 trucks compared to the previous session.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal prices declined for the second consecutive day as mills and stockists liquidated their inventories. Both desi and imported varieties saw a drop in prices across major centers, including Mumbai, Akola, and Latur, while markets such as Gulbarga and Katni remained steady.
Spot Raw Tur Dal Prices In Key Indian Markets:
Despite uncertainty over India's new crop supply, particularly from Karnataka, prices continue to decline as market sentiment remains weak. Mills appear to be sidelined, refraining from fully engaging in new crop purchases, which has led to sustained price pressure despite empty pipelines. Meanwhile, despite today's drop in spot prices, the landed cost of Burma Lemon Tur remains significantly below prevailing domestic spot prices, suggesting further downside potential for Lemon Tur prices in India. However, the price correction for Desi Tur is likely to be limited due to the uncertain crop outlook, especially in Karnataka, and persistently low pipeline inventories.
(By Commoditiescontrol Bureau; +91-9820130172)
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