Mumbai, 15 May 2024 (Commoditiescontrol):Masur prices remained largely unchanged across major markets, with the notable exception of Kareli, where an influx of superior quality materials triggered a significant price surge. Bilty prices also held steady, except in Delhi, where a Rs 25 per quintal increase was attributed to strong dal demand, supported by higher Chana prices.
Mumbai's imported red lentils (CIF) continued to trade between $725 and $735 per MT, while Kolkata port prices for immediate delivery matched the previous session's rates of $735 to $740 per MT. Despite expectations of a price dip in July and August due to increased Canadian acreage and the anticipated arrival of new crops in September, current low stock levels suggest a limited decline before the new harvest.
The near-term outlook for masur prices is range-bound trading, driven by steady demand and sufficient supply of desi and imported masur from both government and private entities. However, government procurement at MSP and firming Tur prices could lead to an uptick in masur prices, capped by the MSP of Rs 6425/quintal.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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