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Ukraine/Canada Matar Settles Unchanged in Mumbai

21 Jan 2020 7:16 pm
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MUMBAI (Commodities control) – Ukraine-origin pea in Mumbai and Canada-origin Pea at Mundra port called it a day at Rs 5650 each, without any changes in the price, on Tuesday.

Stability in Chana spot and Futures rate led to flat trade in matar as well. Canada Green ended after a muted trade at Rs 10,500-10,600.

Chana March Futures on NCDEX settled 0.53% or Rs 22 higher at Rs 4161/100Kgs. The contract marked its day’s high at Rs 4170 in today’s session.

Chana/Kabuli Chana prices have been facing a steep decline for past few sessions. According to traders, some light buying witnessed across peas and chickpea put brake on the declining prices.

Imported matar opened steady today, taking cues from Chana/Kabuli prices. So far, sellers have refrained from liquidating their stocks at prevailing rates which is giving floor to the pea prices.

Tightness in ready stock and a lag in rabi White Pea's acreage has been supportive, thus far, for pea prices.

Another reason behind tightness of ready stock lies with the White Pea containers being stuck at various ports due to non-issuance of Customs' clearance.The Hearing of the aforementioned case at Jaipur High Court has now been postponed to 27th January 2020.

(Commodities Control Bureau)

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