Weekly Review-Tuvar

18-Jan-2025 08:43 PM

Tuvar prices continue to fall due to weak buying

The review highlights a general decline in Tuvar prices across various regions due to weak demand, sluggish buying, and increased availability. Here’s a summary of the key points:

Price Declines in Different Regions:

• Mumbai: Prices of Tuvar have fallen, particularly Chennai Tuvar Lemon, which decreased by Rs 300 per quintal, settling at Rs 6550-6600 per quintal. However, prices for African Tuvar remained stable.
• Burma: Due to weak export demand and increased selling, Burma Tuvar prices fell by $20 per ton, ending at $790 per ton.
• Delhi: Prices dropped for both Tuvar Lemon (Rs 300) and Desi Tuvar (Rs 200) due to weak miller demand and falling port prices.
• Maharashtra: Weak demand and higher availability led to a Rs 150-300 per quintal price drop.
• Karnataka: Prices fell by Rs 100-200 per quintal, influenced by continued selling pressure and sluggish demand.
• Madhya Pradesh: Weak demand caused a Rs 300 per quintal fall in prices.
• Raipur and Kanpur: Prices also dropped by Rs 250-200 per quintal, reflecting overall weak buying sentiment.

Tuvar Dal Prices:

• Tuvar Dal prices also showed a significant decline, with a drop of Rs 500-1000 per quintal, particularly in Delhi Fatka, Katni Fatka, and other key markets.

In conclusion, the overall trend is characterized by a combination of increased domestic availability, weak demand from millers and exporters, and overall selling pressure, leading to price declines across regions.