Weekly Review-Tuvar

15-Feb-2025 08:28 PM

Tuvar prices rise due to better demand

The Tuvar market showed a positive trend this week, with prices rising due to higher demand, driven by active stockists and dal millers. Key points from the weekly review:

  1. Domestic Production & Imports: The Union Agriculture Ministry estimates domestic production of about 35 lakh tonnes for the 2024-25 season. However, industry experts believe this could increase to 40 lakh tonnes, significantly higher than last year's 29 lakh tonnes. Additionally, imports are expected to rise, with Myanmar and African countries expected to supply 10 lakh tonnes, although the import price may cause challenges.

  2. Price Changes:

    • Mumbai: African Tuvar saw a jump of Rs 250-350 per quintal, reaching Rs 6800-6900 for Mozambique White and Rs 6600-6700 for Gajari, Malawi, and Dodomo varieties. Chennai Tuvar Lemon remained stable at Rs 6850-6900 per quintal.
    • Burma: Prices fluctuated by $10 per ton but remained stable at $790 per ton due to slow export demand.
    • Delhi: Increased buying led to a rise of Rs 50 per quintal for Tuvar Lemon and Rs 100 per quintal for Desi Tuvar, reaching Rs 7350-7400 and Rs 7600-7700, respectively.
    • Maharashtra: Prices rose by Rs 100-200 per quintal, reaching Rs 6500-7700 in various regions, including Solapur, Akola, and Nagpur.
    • Karnataka: Prices fell by Rs 100-200 per quintal, with weekend prices in the range of Rs 6500-8014.
    • Madhya Pradesh: Prices rose by Rs 100-200 per quintal due to dal miller activity, reaching Rs 7500-7700 for Katni and Rs 6800-7400 for Pipariya.
    • Raipur: Prices increased by Rs 100 per quintal, reaching Rs 7600-7850.

  3. Tuvar Dal: The demand surge for Tuvar also pushed Tuvar Dal prices up by Rs 150-300 per quintal. Prices at the weekend were:

    • Delhi Fatka: Rs 11450-12050
    • Katni Fatka: Rs 10850-11350
    • Akola: Rs 10700-12000
    • Latur Fatka: Rs 11500-11700
    • Gulbarga Fatka: Rs 10600-11200
    • Kanpur Fatka: Rs 11200-11600

Overall, the market showed a positive outlook with a mix of price hikes due to increased demand and varying local factors.

Latest News