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Tur (Pigeon Pea) News - Tur Traded Lower On Likely Higher Supply
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Tur Traded Lower On Likely Higher Supply

Green signal to 4 lakh Mt tur import this week with time limit of 15th Nov-2020 has a cooling impact on cash tur market. Buyers restricted buying and prices of lemon tur in Mumbai decreased by Rs 300 to Rs 7200 per qtl. It may decrease more as stockists may decide to offload stock now. New crop is only two months away and crop condition is good so far. Besides, Nafed has around 3.5   tur stock in its go-downs. Agriwatch expects 3 to 3.5 lakh Mt import till 15th Nov-2020.If it happens so, prices of tur would continue to decrease and at arrival season it may come near MSP(Rs 6000).Supply side would increase in physical market now. Heavy rains in Karnataka and MH may impact standing crop. If rains continues, it may affect tur yield in both states.