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Matar Trades Weak; Down In Mumbai, Flat In Kolkata

24 Jan 2020 3:11 pm
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MUMBAI (Commodities control) – While Canada Pea at Mundra port dipped Rs 50 to trade at Rs 5550, Canada Matar was flat in Kolkata at Rs 5500-5650. Ukraine Pea was flat in Kolkata at Rs 5600/100Kgs, but dipped by Rs 50 in Mumbai to open at 5600/100Kgs.

Green matar opened flat at Rs 10,400-10,500 in Mumbai. The pea dipped Rs 100 in the previous session on lack of buyers.

A general sentiment of weak millers’ demand in all pulses, across the major markets, is weighing on pea prices as well. Pea prices are trading in a range following Chana prices. Chana in Spot and Futures, have been in a range for the whole week.

Chana March Futures on NCDEX is trading quiet at Rs 4105, down 0.15% or Rs 6.

IPGA, this month, demanded that the government should allow unrestricted import of dry green pea. As grren peas is availble in domestic market for a limited period only. While the total demand for peas is more than 15 lakh tonnes, the production is less as it doesn’t have minimum support price available. As a result, there is a need for increasing the import of yellow peas.

Meanwhile, there’s tightness in ready stock and a lag in rabi White Pea's acreage has tried to give floor to the subdued pea prices.

(Commodities Control Bureau)

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