Tur Report
During the past week, Akola tur dal saw a strong demand, with prices rising by ₹250 per quintal. After a continuous decline in tur market prices, the previous week was quite encouraging. Both domestic and imported tur have shown improvement in demand and prices. Due to limited stocks of Sudanese and domestic tur, there is now an increased demand in the lemon market. There is also strong demand for African tur, but imports are still slow, and most millers are now shifting to lemon or African tur. Current Stock: Approximately 3 lakh tons (including foreign tur). New tur is expected to arrive by November 15, but tur suitable for milling is likely to be available only in December. Domestic Consumption (3-month): 7-9 lakh tons. Import Estimate from Africa (September-November 2024): Approximately 3 lakh tons. Supply by End of November: Approximately 6 lakh tons. Consumption by End of November: Approximately 7-9 lakh tons. During the next 3 months, it is estimated that there will be a demand for 80,000 to 1 lakh tons of tur dal from various states for tenders. Kharif tur sowing has been better, but adverse weather conditions in several states pose a threat to the crop. Reports indicate significant damage to tur crops due to floods/rains in Gujarat. In Maharashtra and Karnataka, repeated heavy rains in several districts are causing concern among farmers. The meteorological department has forecasted heavy rains in Telangana, Karnataka, and Maharashtra over the next 3-4 days. After August, lemon deliveries for September will start on September 1. The price of tur is expected to be influenced by the delivery of lemon. If the fundamental factors remain favorable, a price correction of ₹400-600 in tur is possible. As long as lemon is ready, a price improvement above ₹10,000 is possible. The meteorological department has predicted that September-October will be slightly above normal in terms of rainfall; however, tur flowering is starting, and poor weather could potentially impact the crop.