Tur traded down by 1% during the previous week

Tur (Pigeon Pea)

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The Tur physical market saw a marginal decline of 1% on average, attributed to government initiatives such as regular disclosure of stocks and frequent engagements with importers and exporters aimed at exerting pressure on market participants. This occurred despite an uptick in C&F offers for Burmese Lemon Tur, which rose by $10 to $1410 per MT at Indian ports during the reviewed week. 

Currently, the Tur market is anticipated to experience a decrease in prices by INR 200-300 per quintal, as market players anticipate limited participation due to concerns over potential government actions against price surges. The trajectory of C&F offers by Burmese traders is expected to remain influential, with these traders holding onto their stocks at higher prices amid lower Indian crop availability.  

Tur traded at INR 11,200 per quintal, down by 0.88% in Indore and at INR 10,700 per quintal, down by 1.83% in Mumbai for Burmese Lemon variety.