Mumbai, 26 June 2024 (Commoditiescontrol):Tur prices rebounded on Wednesday after declining over the past few sessions, following the government's imposition of stock limits on Tur, Chana, and Kabuli. Both desi and imported Tur recovered from lower levels, with lemon Tur leading the rise.
The smaller crop yield this season has resulted in limited stock availability among mills and traders, who are mostly holding stocks within permissible limits. This has mitigated significant selling pressure despite the stock limit regulations. Traders with stock below permissible limits are actively making fresh purchases, while sellers are slow to sell at current prices. However, Tur dal demand remains muted due to the availability of cheaper substitutes.
In Burmese markets, tur prices have surged by K40,000 per MT due to increased buying from stockists and exporters anticipating a price rise given the short supply in India. In the CNF India trade, prices have remained unchanged, with no sellers willing to trade at lower prices.
Domestically, lemon Tur prices have increased by Rs 100-125 per quintal across various markets. Prices in most African countries have remained stable, with minimal trading activity reported.
Tur International Prices In Key Indian Markets:
In Maharashtra and Madhya Pradesh, Tur bilty and mandi prices have firmed up due to limited supply. The restricted supply from farmers and stockists has driven prices up as buyers remain active at lower price levels.
Spot Raw Tur Bilty And Mandi Prices In Key Indian Markets:
Dal prices have been mostly stable, with the exception of Gulbarga and Katni, where they rose by Rs 100 per quintal. Sources indicate that dal demand is average, with reports suggesting that millers in Madhya Pradesh are shifting to bolder masur.
Spot Raw Tur Dal Prices In Key Indian Markets:
Overall, prices in some markets have shown a slight recovery. Prices are likely to continue rising due to limited supply among farmers, stockists, and millers. Further slowdowns in rabi pulses arrivals and an increase in demand with the commencement of the monsoon season are expected to improve the overall sentiment in the pulses market, including Tur. However, the availability of cheaper substitutes is expected to limit any major gains.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
