Canada Masoor Weak in Selective Mkt, Domestic Variety Slips On Increased Arrivals

MUMBAI (Commodities control) – Canada crimson variety at Mumbai, Mundra, Kandla and Hazira port fell Rs 25-30/100Kg, on Wednesday as millers refrained from purchasing at higher rates and increased domestic arrivals.

However, stock of imported Masoor depleting day by day. No further overseas supply are expected due to higher parity. Millers may shift to crush domestic Masoor in coming days due to less imported stock.

Similarly, domestic new Masoor traded weak by Rs 50-200/100Kg, as per quality, at major markets of Madhya Pradesh and Uttar Pradesh amid thin local and outstation millers trade activity at higher rates and increased arrivals.

In Delhi, Canada and Madhya Pradesh origin Masoor dropped each Rs 100-150 to Rs 5,650/100Kg and Rs 5,700, respectively.

Demand in processed Masoor reported thin today. Masoor dal traded at Rs 6,600/100Kg yesterday.

Stockiest were inactive at current higher rates in domestic market.

Arrivals of new Masoor has picked pace in Madhya Pradesh-Rajasthan, but likely to pick up pace from fortnight in Uttar Pradesh.

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