Mumbai, 07 Nov 2024 (Commoditiescontrol): Desi Tur (pigeon pea) prices rose for the second consecutive session on Thursday, driven by steady consumer demand. However, Lemon Tur prices softened due to weak buying interest, while African-origin Tur held stable as selective buyers showed interest at lower prices amid tighter supplies.
The expected strong Kharif harvest has limited price gains, with Desi, Lemon, and African-origin Tur fluctuating after the Diwali season's muted demand. Burma-origin Lemon Tur prices also remained soft in Indian markets, while Desi and African Tur maintained a steady-to-firm trend supported by stable demand.
The government’s initial estimates project Tur production at 35.02 lakh tonnes, slightly up from last year’s 34.17 lakh tonnes. However, this figure may be conservative given the 14% increase in sown area and favorable weather, potentially leading to an upward revision if favorable conditions continue.
Internationally, Burma's Lemon Tur eased to $1,105 per metric ton (CNF India) as demand slowed. In India, imported Lemon Tur prices dropped by ₹50 in Mumbai to ₹9,950 per quintal, with a similar decline in Chennai, while prices in Delhi held steady. Sudan and Tanzania-origin Tur prices also remained stable.
Tur International Prices In Key Indian Markets:
In key production centers, Desi Tur maintained a steady-to-firm trend, with Akola prices up by ₹50, ranging from ₹10,800 to ₹10,850 per quintal. Latur held steady at ₹11,300–₹11,400, while Katni and Kanpur recorded ₹100 gains.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Processed Tur dal prices mirrored this firmness, with Akola, Katni, and Latur showing ₹100 increases, while other major markets like Mumbai and Gulbarga stayed stable.
Spot Raw Tur Dal Prices In Key Indian Markets:
Tur prices are likely to stay range-bound in the near term, supported by limited stocks of Desi and Burma Tur and a steady flow from African origins. Demand is expected to remain need-based until new Kharif crop arrivals begin. Price trends will depend on crop development over the next two months, especially through critical growth phases like flowering and pod formation. Additionally, the government’s upcoming decision on extending duty-free matar imports could impact Tur market dynamics.
(By Commoditiescontrol Bureau; +91-9820130172)
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