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Informist, Monday, Nov. 25, 2024

 

MUMBAI – Prices of tur are expected to remain stable to firm in the near term due to the low stocks of lemon and Sudan varieties of the pulse at ports, the India Pulses and Grains Association said in a weekly report Monday. Traders believe that demand for the desi variety of tur might increase in the medium term, the association said. 

 

Traders in Akola, Maharashtra, believe that prices may soften with large arrivals in mandis in the medium-term. "Price softness in tur is expected from mid-February to March," the association said. Until then, miller demand is expected to continue, it added. 

 

During 2024 (Apr-Sept), tur imports surged 102% to 553,695.59 tonnes from 274,081.56 tonnes a year ago.  Similarly, tur imports rose to 189,547.19 tonnes in September 2024, up from 63,150.29 tonnes in the same momnth last year, according to the data from the association.   

"Burma origin lemon variety, Sudan origin, and domestic tur prices rose during the week ended Nov. 23, due to tight stock and millers' bargain buying," the association said. Meanwhile, the African original tur prices remained weak due to abundant supply and low miller interest.

 

Tur prices in Akola, Maharashtra were up INR 150 at INR 10,700-INR 10,725 per 100 kg on Friday, according to the association. On the other hand, prices of tur in Kalaburagi, Karnataka were steady at INR 9,494-INR 11,023 per 100 kg, according to the association. Arrivals were down by 111 bags at 909 bags (1 bag = 50 kg). Prices are up as mills across the country do not have any stocks in the pipeline for regular processing, leading to a temporary rise in prices, traders said.

 

Moreover, new arrivals of domestic tur were seen in selected areas of Karnataka and Maharashtra, with arrivals expected to increase in the former from December and in the latter from mid-January, the association said in its weekly outlook report.  End

 

Reported by Anjali Lavania

Edited by Tanima Banerjee

 

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