Mumbai, 13 Mar 2024 (Commoditiescontrol): Masur (lentil) prices in India's major domestic markets have experienced a significant increase, rising between Rs 50-80 per quintal within major growing regions. Market analysts attribute this price recovery to a surge in demand following a recent market correction. Additionally, dry weather conditions have positively impacted crop quality, leading to greater demand for high-grade masur.
Bilty prices have also increased in tandem with mandi prices further indicating market strength.
While domestic prices have surged, prices for imported masur have largely remained steady across key Indian markets due to a decline in CNF India prices.
Industry experts note that the harvesting of desi masur is winding down and should conclude within a week. However, arrivals in the near term are expected to remain low due to trader remaining engaged in financial year-endingand procedures and market closures post-Holi for almost a week, keeping supply limited.
The lower-than-expected arrival of desi masur (caused by adverse weather reducing yields and farmers holding stocks due to mandi prices being lower than the MSP), is expected to reduce supply of masur may lead to furhter rise in MAsur prices in near term. However, the price trend after markets reopen post-Holi will depend heavily on the pace of arrivals at that time.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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