Mumbai, 14 June 2024 (Commoditiescontrol): Tur prices in Burmese markets have surged as local exporters ramp up purchases to fulfill their export commitments, with local market prices in Myanmar climbing by Kyat 10,000 per metric ton.
Conversely, lemon prices in domestic markets have remained stable to firm, showing a slight increase of Rs 50 per quintal in Mumbai and Chennai. Prices of African-origin tur have stabilized for the second consecutive session, although trading activity remains sluggish due to limited availability.
Tur International Prices In Key Indian Markets:
In India, tur bilty and mandi prices in Maharashtra and Madhya Pradesh are declining due to low miller demand and slow dal consumption. Local sources indicate that reduced demand from dal buyers is exerting downward pressure on tur prices. Recent rainfall in South India is also expected to lower demand for dal as vegetable prices drop.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Dal prices have remained relatively stable across most markets, with the exception of Katni, where prices fell by Rs 100 per quintal. Overall demand for dal has been described as lackluster, with buyers making need-based purchases only.
Spot Raw Tur Dal Prices In Key Indian Markets:
The Indian monsoon has now covered all of South India and most of Maharashtra, although it has been stationary for the past four days. By mid-June, it is expected to spread across the entirety of Maharashtra. Farmers report that sowing activity has begun in central Karnataka, with North Karnataka and Maharashtra set to follow shortly.
Despite the current downturn due to weak offtake in Turdal, prices are anticipated to recover in the coming days as market experts expect demand to improve from next month. According to them, in June, most consumer expenses are allocated for school fees , which keeps subdued overall pulse demand in June. However, they foresee an increase in pulse demand from next month. Additionally, the commencement of the wedding season and depleting Tur stock are expected to drive a recovery in Tur prices. The downside risk should be limited due to the constrained stock availability in the market. Moreover, good rainfall reported in major growing areas suggests that seed demand will remain strong.
(By Commoditiescontrol Bureau; +91-9820130172)
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