Mumbai, 08 Apr 2024 (Commoditiescontrol):After a sluggish trade activity in past few days, tur prices in Maharashtra's major agricultural markets and mandis have rebounded sharply, rising by Rs 100-200 per quintal. This increase is attributed to several factors, including a slowdown in arrivals due to mandi closures for Amavashya and the upcoming Gudi Padwa festival, rising costs of imported tur, and higher dal prices.
Market analysts note a steady climb in imported tur prices from Africa and Burma over the past 4-5 sessions, driven by strong demand. While prices in the Burmese local market moved up by $5 CNF India terms, there was profit booking in Chennai's resale market leading to a $5/Mt decline.
Domestically, imported tur of African origin saw a sharp rise due to limited supply and the uptrend in desi tur prices. Burma lemon tur also experienced an increase, though the gains were smaller compared to African and desi tur.
Tur International Prices In Key Indian Markets:
Desi Tur prices moved up sharply due to robust mill demand anticipating a lower crop size this season.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Tur dal price also rose due to rise in raw tur prices.
Spot Raw Dal Prices In Key Indian Markets:
Domestically, limited supply due to a lower crop yield has further bolstered prices. Market observers indicate that the recent surge seen over the past week, followed by today's strong session, may lead to some short-term price stabilization. Additionally, profit booking by traders or stockists at current price levels could also temper the market.
(By Commoditiescontrol Bureau; +91-9820130172)
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