Expected Impact of Tender issued for Toor Dal purchase in Tamil Nadu and Andhra Pradesh on Markets
10-Dec-2024 01:41 PM
Expected Impact of Tender issued for Toor Dal purchase in Tamil Nadu and Andhra Pradesh on Markets
★ Today, at 11 AM, the Tamil Nadu Civil Supplies Corporation called for bidding for purchase of 60,000 metric tons of Toor Dal/Yellow Lentil for state supply from January to March.
★ Similarly, Andhra Pradesh Civil Supplies issued a tender for 15,679 metric tons, with online bidding scheduled for December 21, 2024, at 10 AM.
★ In total, tenders for 75,679 metric tons of Toor Dal have been announced.
★ Currently, domestic markets are experiencing a shortage of local Toor Dal stocks, and the arrival of the new crop is weak.
★ Imported stocks of Toor Dal are also reported to be at normal levels.
★ These two tenders are expected to generate increased demand for Toor Dal, which could lead to price strengthening in the markets.