Normal trade is expected in Tur

Tur cash market too traded at previous level at Rs 6200-6500 during the week under review. The low offtake, closure of markets and around 8.4 LMT import during last financial year pressurized Tur markets. Import volume was recorded at 45,000 MT in the first fortnight of April, the first two weeks of the new financial year. Availability is good and the prices may decrease further as the import flow would continue. Notably, the extended timeline for Tur import for a year up-to 31st March -2023 has capped the upward movement in cash market. Regular supply from the overseas is expected now as per requirement throughout the year. With this changed import policy, stockists of Tur may not hold their Tur stocks for a longer time. It would ensure a regular supply from the overseas and local stockists. So, any spike is unlikely. Normal trade is expected, at a range of Rs 200- 250 up or down from current prices, in the coming weeks. The other price driving forces would be the sowing area and Monsoon rains. If farmers shift some area to Soybean, price rise may be higher. The normal Monsoon is expected this year too.