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Tur Prices Stabilize Amid Steady Demand and Policy Support

21 Jan 2025 6:36 pm
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Mumbai, 21 Jan (Commoditiescontrol): Tur (pigeon pea) prices showed signs of stability on Tuesday across major domestic markets, supported by steady buying activity from millers and favorable government measures. Key factors, such as the Karnataka government's decision to raise the Minimum Support Price (MSP) and the Union Government's extension of duty-free import concessions, have contributed to this market trend.

Arrivals of good-quality produce have declined, which has had a marginal impact on prices and overall market activity. However, steady demand from millers, particularly in Maharashtra and Karnataka, has helped maintain a firm tone.

In the international market, Burma Lemon Tur held steady, with Cost and Freight (CNF) India quotes unchanged at $780 per metric ton. Yangon mandi prices for Lemon Tur also remained stable at 29,30,000 kyat per metric ton. Resale prices for Burma Lemon Tur in Chennai saw a slight increase of $5, matching the CNF levels. Domestically, Burma Lemon Tur prices rose in Mumbai and Chennai, while the Delhi market continued to observe stability. African-origin Tur prices also remained firm in Mumbai.

Tur International Prices In Key Indian Markets:


In domestic production hubs like Madhya Pradesh and Maharashtra, prices varied. In bilty trade, Akola reported a sharp rise, while markets like Latur, Nagpur, and Solapur maintained stability. Katni saw a ₹100 per quintal increase, while Indore recorded a ₹100 per quintal decline. In Karnataka, Mandi's such as Gulbarga, Sedam, and Bagalkot remained steady, with slight increases in Gadag and Yadgir, while Bidar experienced a decline.

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


The Tur dal segment also displayed stability across regions like Akola, Gulbarga, Latur, Nagpur, and Mumbai, aided by rising milling activity. However, demand remained limited to need-based buying. With milling operations gaining momentum in Vidarbha, Tur dal prices may face additional pressure in the near term.

Spot Raw Tur Dal Prices In Key Indian Markets:


The Indian government has extended its free import policy for pigeon peas until March 31, 2026, ensuring a stable supply in the domestic market. Additionally, the Karnataka government has increased the MSP for Tur by ₹450 per quintal to ₹8,000, allocating ₹140 crore to support purchases at this new rate.

Market sentiment is expected to strengthen with seasonal demand from events like the Kumbh Mela and the ongoing wedding season. Despite higher arrivals, slower price declines indicate improving demand, while government procurement and lower moisture levels in new crops are likely to provide further price support.

(By Commoditiescontrol Bureau; +91-9820130172)


       
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