Tur prices are likely to rally in the near future on lower domestic production as rain has affected the crop in various states. The domestic market will have to depend on imports that could be costly in view of the rupee's fall to record levels.

According to traders, the total availability of tur this year is estimated to be around 30 lakh tonnes, including 20 lakh tonnes of domestic crop. About five lakh tonnes are likely to be imported, while another five lakh tonnes are estimated as carryover stock.

With demand likely to exceed availability, dependency on imports will rise in all likelihood. The rupee's fall against the dollar prices in the past few weeks will spark a bullish trend, said Mr Ujjwal Nigam, trader.In fact, the rupee's fall has resulted in tur prices rising by over Rs 500 a quintal in the past one week. Tur prices are currently quoted at Rs 4,025.

Meanwhile, prices of pulses and pulse seed ruled stable on Wednesday despite mandis in Indore being closed for a local holiday.

Tur (Maharashtra) ruled stable at Rs 3,925-3,950 a quintal, while tur (Nimari) ruled at Rs 3,000-3,200.

Similarly, tur dal was unchanged with the full one being quoted at Rs 5,800-5,900, the sawa no. at Rs 5,200-5,250 and marka at Rs 6,500-6,600.

Masoor was also bullish as the bold variety was quoted at Rs 3925-50 a quintal and the medium one at Rs 3,325-3,350 .

Urad and its dal ruled stable on limited buying support with urad (bold) being quoted at Rs 3,400-3,450 a quintal and the medium variety at Rs 2,600-2,800. Similarly, urad dal ruled stable on subdued demand. Urad dal average quality was quoted at Rs 3,900-4,000, the medium one at Rs 4,500-4,600, while mongar ruled at Rs 5,400-5,800.

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