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Tur (Pigeon Pea) News - Tur Traded Steady to Slightly Down During Previous Week
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Tur Traded Steady to Slightly Down During Previous Week

Turtraded steady to slightly down in various markets in the country during the week under review. It traded unchanged at INR 7,800 per quintal in Latur and at INR 7,700 per quintal in Indore and it traded at INR 8,100 per quintal in Gulbarga market. However, Tur lemon at Mumbai has seen slight decline by 2% as compared to previous week and traded at INR 7,446 per quintal from INR 7,588 per quintal. At present, Tur is at flowering to pod formation / development stages in Karnataka and no major threat is seen currently under the prevailing weather condition. Around 10 to 15% loss has already been reported due to bad weather conditions during July to October. Crop condition in Maharashtra is average to normal despite an early loss due to flooding and excess rains in July-Oct. Overall, given the mismatch in supply-demand amid lower crop estimate and higher import parity may continue to lend support the inner tone and prices may move up by INR 400-500 per quintal in the medium term while a range bound movement might be seen during the coming week.