Mumbai, 14 Mar 2024 (Commoditiescontrol):Prices for domestic peas (desi matar) have increased sharply in Uttar Pradesh's key agricultural markets (mandis) due to robust demand and improving quality. The price surge underscores potential supply tightness in the domestic market, while imported matar prices remain relatively stable.
In major markets such as Jhansi and Mahoba, matar prices have seen moderate increases of approximately Rs 100 per quintal. Lalitpur, however, has witnessed a sharper rise of Rs 500 per quintal for green peas.
The price recovery in markets like Kanpur and Lalitpur is attributed to a combination of festive season demand and a recent dip in prices that has now spurred renewed buying. Additionally, favorable weather conditions have improved the quality of the peas, reducing moisture content and making them more attractive to besan (gram flour) manufacturers – a major demand driver.
In contrast, imported matar prices have stabilized at major ports after a brief period of decline. The narrowing price difference between domestic and imported peas could lead traders to consider imports as a means of supplementing the domestic supply, particularly if quality remains a concern.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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