Tur Prices Extend Decline; Burmese Market Closed for Eid

Mumbai, 18 June 2024 (Commoditiescontrol): Tur price in most of the doemstic marekets were weak due to dull offtake in Tur dal. Due to weak offtake in dal millers are relcutant to make fresh purchase of raw Tur.

The Myanmar market remained closed due to Eid.howeever in Chennai resale market CNF Indiaprice declined by $20/Mt .But despite this decline imports remain unviable . In Mumbai, lemon prices fell by Rs 50 per quintal, while Chennai and Delhi saw increases of Rs 100-125 per quintal. Meanwhile, African-origin lemon prices have remained stable for the fourth consecutive session.

Tur International Prices In Key Indian Markets:


In Maharashtra and Madhya Pradesh, tur bilty and mandi prices have been declining for two weeks. This drop is attributed to low miller demand and sluggish dal consumption. Local sources report that weak demand from dal buyers continues to drive tur prices downward. Additionally, recent rainfall in South India is expected to further reduce dal demand due to decline in vegetable prices.

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


Dal prices have also experienced a downturn across markets, falling by Rs 100 per quintal. Mills and stockiest have ample stock stocks of Tur dal demand for which,due to high prices, has declined due due to shift in demand to other pulses.on the other hand demand has been described as dull, with buyers engaging in need-based purchases rather than stockpiling. Desi and imported variety tur dal price were down in major mandis.

Spot Raw Tur Dal Prices In Key Indian Markets:


The Indian monsoon has successfully covered all of South India and most of Maharashtra but has remained static over the past 7-8 days. According to farmers, sowing activity in Karnataka and Maharashtra began 8-10 days earlier than usual. However, rains have yet to reach other growing regions in Central and Northern India.
The trend in Tur prices will largely depend on the offtake of Tur dal and its prices. At current price levels of Tur and Tur dal crush margin for tur remains very thin. Any decline in Turdal prices from the current levels will result in negative crush margins, discouraging mills from purchasing raw Tur for crushing. However, market experts expect Tur dal demand and prices to rise in the coming weeks which should support tur prices. Additionally, any further delay in monsoon progress should support Tur prices in the near term.

(By Commoditiescontrol Bureau; +91-9820130172)