Mumbai, 18 Apr 2024 (Commoditiescontrol): Matar (pea) prices in major Indian markets are demonstrating stability, a result of balanced demand and supply for domestic varieties. However, prices for imported matar at Mumbai, Hajira, and Mundra ports have declined slightly. This trend reflects the ample supply of imported matar, which is exerting downward pressure on domestic prices.
The abundance of imported matar, along with the ongoing arrival of domestic supplies, is limiting any significant upward movement in matar prices. While a tight global balance sheet will likely prevent sharp declines until the new Russian and Canadian crops arrive in August and September. Since spot prices and landed costs for imported matar are at par further minimizes the potential for a major downward price of imported matar.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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