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Domestic Masoor turn weak at Indore; Imported variety unchanged

28 Nov 2022 5:25 pm
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Mumbai, 28 Nov (Commoditiescontrol): Canada crimson variety Masoor at Mumbai, Kolkata, Mundra and Hajira port along with Australia Masoor at Mumbai-Kolkata priced almost unchanged on thin mills purchase, overseas supply and government agencies actively liquidating imported Masoor.

Domestic variety Masoor declined by Rs 50 at Rs 6,300-6,350/100Kg, as per quality at Indore on thin mills purchase as offtake in processed Masoor witnessed slack.

Prices of Masoor dal processed from Canada-origin and domestic variety at Katni quoted steady at Rs 7,700-7,900/100Kg and Rs 7,200-7,700, respectively on dull trade.

International market update

U.S. Lentils hold firm before Canada report. Attention is now shifting to Canada's final crop report for 2022. Due on December 2, markets are unsure if yields will be lower than Statistics Canada's September forecast, closer to subsequent estimates from provincial governments.

There is a wide difference between the two sets of data, with Statistics Canada's model based approach reckoning output could approach 2.78 million metric tons (MT) from 4.32 million acres, while provincial data suggests output could be closer to 2.47 million. In both cases, output would be well above last year';s drought reduced harvest of 1.606 million MT.

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



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


       
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