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Matar Trades Weak In Kolkata, Flat In Mumbai

25 Jan 2020 2:31 pm
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MUMBAI (Commodities control) – While Canada and Ukraine Pea, in Kolkata, dipped Rs 50 to trade at Rs 5400-5500 and Rs 5500 respectively. Canada Pea, in Mundra, was flat at Rs 5550, while Ukraine Pea traded at Rs 5600/100Kgs.

Canada Green matar traded flat at Rs 10,400-10,500 in Mumbai. The pea is flat on second consecutive session.

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.

While Chana March Futures on NCDEX closed down in last session.

IPGA, this month, demanded that the government should allow unrestricted import of dry green pea. As grren peas is available 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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