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Imported & Domestic Masoor Weakens in Selective Mkts

28 Oct 2020 3:27 pm
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MUMBAI (Commoditiescontrol) – Canada crimson variety at Mumbai, Hazira and Mundra port along with Australia Masoor in Mumbai widened losses by Rs 25-50/100Kg, on Wednesday, amid slack mill buying.

Similarly, domestic Masoor declined by Rs 50/100Kg at selected markets of Madhya Pradesh due to dull mill buying.

Availability of imported raw and processed Masoor stocks at cheaper rates, thin offtake in processed Masoor and reduced import duty by 20 per cent until 31st October 2020 has dampened the sentiments.

In Delhi, Madhya Pradesh origin Masoor gained Rs 50/100Kg on mill buying, on immediate requirement for crushing, while Canada origin Masoor fell Rs 25/100Kg in the absence of millers' trade.

As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and also hike in MSP to Rs 5,100/100Kg. Government policy on import duty after 30th October may give direction to Masoor prices.

Demand of seeds for sowing is also expected as rabi sowing will begin soon.

As per market sources, Vessel M. V. Nord Bering carrying Masoor from Canada had sailed on 23rd September and is likely to reach Singapore on 21st October, but unlikely to reach Mundra port by 31st October.

Vessel M.V. Equinox Agnandoussa carrying Masoor from Canada had sailed on 28th September and likely to reach Singapore on 22nd October.

Spot Raw Lentils ( Masoor ) Prices In Key Indian Market:

(By Commoditiescontrol Bureau; +91-22-40015513)

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