Weekly Review-Tuvar
16-Dec-2024 07:01 PM
Increase in Tuvar prices due to increase in buying
Weekly Review of Tuvar Prices:
Overall Market Trends:
- Tuvar prices experienced an upward trend initially due to increased buying activity from stockists and dal millers. However, a rise in arrivals during the weekend caused a lull in buying, leading to price softening.
- Expecting a surge in arrivals in the upcoming week, particularly from producing markets, which could exert downward pressure on prices.
- Favorable weather conditions this year have led to a better-than-usual sowing of Tuvar, with improved crop conditions so far, indicating a potential increase in production.
Regional Price Movements:
Mumbai:
- Tuvar prices in Mumbai showed mixed trends. The weak availability of Tuvar lemon at the port led to a price increase of Rs. 150 per quintal for Chennai Tuvar Lemon.
- Meanwhile, African Tuvar saw a price decline of Rs. 100 per quintal, with the prices for various African varieties at the following levels:
- Mozambique White: Rs. 6650-6700
- Gajari: Rs. 6400-6450
- Malawi: Rs. 6300-6350
- Dodomo: Rs. 6350-6400
- Sudan: Rs. 10,000 per quintal.
Burma:
- Burma Tuvar experienced an increase of $45 per ton, reaching $985 per ton by the end of the week due to weak selling by exporters and increased buying.
Delhi:
- Delhi Tuvar Lemon saw a price increase of Rs. 100 per quintal, reaching Rs. 10,200. Desi Tuvar also saw a rise of Rs. 100 per quintal, with prices ranging from Rs. 10,400 to Rs. 10,600 by the weekend.
Maharashtra:
- Prices in Maharashtra rose by Rs. 150 to Rs. 300 per quintal due to higher demand from pulse millers, leading to the following prices:
- Solapur: Rs. 9,000-10,400
- Akola: Rs. 9,850-10,450
- Nagpur: Rs. 10,300-10,400
- Latur: Rs. 10,000
- Dudhni: Rs. 8,500-9,800
- Prices in Maharashtra rose by Rs. 150 to Rs. 300 per quintal due to higher demand from pulse millers, leading to the following prices:
Karnataka:
- A significant increase in the arrival of new Tuvar boosted prices by Rs. 200 to Rs. 400 per quintal, with the following prices observed by the weekend:
- Gulbarga: Rs. 8,500-10,152
- Raichur: Rs. 9,718-10,439
- Yadgir: Rs. 8,399-10,609
- Talikota: Rs. 9,710-10,756
- A significant increase in the arrival of new Tuvar boosted prices by Rs. 200 to Rs. 400 per quintal, with the following prices observed by the weekend:
Madhya Pradesh:
- Due to stronger demand from pulse millers, Tuvar prices increased by Rs. 200 per quintal. Weekend prices were as follows:
- Katni: Rs. 10,500
- Jabalpur: Rs. 6,500-9,000
- Pipariya: Rs. 7,500-10,200
- Kareli: Rs. 5,000-8,322
- Due to stronger demand from pulse millers, Tuvar prices increased by Rs. 200 per quintal. Weekend prices were as follows:
Others:
- Raipur: Tuvar saw a price increase of Rs. 200 per quintal, reaching Rs. 10,000-10,500.
- Kanpur: Prices declined by Rs. 100 per quintal, remaining at Rs. 8,400-8,600.
Tuvar Dal:
- Prices of Tuvar Dal witnessed volatility, fluctuating by Rs. 150-200 per quintal across various regions due to weak demand:
- Delhi Fatka: Rs. 15,000-15,950
- Katni Fatka: Rs. 14,450-14,650
- Akola: Rs. 15,100-15,800
- Latur Fatka: Rs. 16,000-16,200
- Gulbarga Fatka: Rs. 14,800-15,500
- Kanpur Fatka: Rs. 14,400-14,800
- Prices of Tuvar Dal witnessed volatility, fluctuating by Rs. 150-200 per quintal across various regions due to weak demand:
In summary, Tuvar prices have experienced a mixed trend across regions, driven by varied demand and supply factors. The rise in crop arrivals and favorable weather suggests that prices might face downward pressure in the coming weeks, while regional fluctuations and demand from millers will continue to impact the market dynamics.