Tur prices to remain weak in near term on subdued trade, says IPGA
This story was originally published at 12:26 IST on 24 March 2025
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MUMBAI – Tur prices will remain weak in the near term as trade activity may remain subdued due to end of the financial year, a time when traders and millers prioritise account settlements over fresh purchases, the India Pulses and Grain Association said in a weekly market update. Moreover, demand for tur dal is weak due to availability of cheaper substitutes and lower consumption during summer and the start of the mango season, it said.
Demand from millers and traders will be low because of low demand for tur dal. However, arrivals may slow down further if tur prices fall below current levels, the association said. Further, price recovery will depend on the pace of government procurement and imports from Myanmar.
During the week ended Saturday, tur prices were firm due to need-based miller buying, lower domestic arrivals, and increased government procurement, the pulses body said. Prices of tur in Akola, Maharashtra, were up INR 300 at INR 7,650-INR 7,675 per 100 kilograms, according to the India Pulses and Grains Association. End
Reported by Taniva Singha Roy
Edited by Nishant Maher
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