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Burma Offers Tur At Rs 20,800 /Tonne

Burma is offering Lemon Tur at $320 per tonne at Indian port.In INR term it comes to Rs 20,800 per tonne.Urad FAQ from sam origing is being offered at$425(Rs 27625/tonne) and SQ at $540 per tonne(Rs 35100).Moong Pediseva is being offered at $1200 per tonne while Pakako is being offered at $780 per tonne(Rs 50700).Australia is offering Chickpeas(New crop) at $795 per tonne on FoB basis for Nov/Dec delivery. Australia kabulichickpeas is being offered at $ 1185 per tonne for Dec/jan delivery.Australian Red whole Lentils(Nipper/Nugget type) is being offered at $540/tonne forNov delivery on foB basis.Nugget type Dec delivery is being offered at $525 /tonne. Canadian broken Red Lentils are being offered at $500 per tonne on CnF basis at Nhava Sheva for Nov delivery.
As  import demand from India has decreased considerably due to continuous decrease in price,forward quotes are unlikely to improve much till Nov/Dec.Stockists may resort strategy to sell when prices improve. It would not allow market to move one way up. Demand is not up to the mark. Procurement agencies are active in limited area while arrivals of Moong and Urad are increasing continuously.
 Govt. has over 10 lakh tonne Tur in its stock and it will continue to sell through auction.So uptrend is unlikely. Market participants can expects only improvement in Tur market.Market is waiting for new export policy. Steady to slightly firm trend is expected in the market as demand may come at this lower level.