Mumbai, 26 Apr 2024 (Commoditiescontrol):Domestic masur (red lentil) prices saw a slight increase compared to chana (chickpea) and matar (pea) prices, despite decreased demand. In major markets, arrivals were significantly lower this week. Industry sources suggest the decline in arrivals is a combined result of prevailing low prices and farmers intending to sell their produce to the government at the Minimum Support Price (MSP). Additionally, a few markets were closed due to ongoing parliamentary elections.
Meanwhile, Canadian-origin red lentil prices (CIF) in Mumbai dropped by $10, now ranging between $720-725 per MT. Kolkata port prices are quoted slightly higher between $730 and $735 per MT.
The limited supply is anticipated to maintain stable domestic masur prices. However, experts suggest a substantial surge is unlikely unless the government commences MSP purchases. Increased imports and positive monsoon predictions, which could boost tur (pigeon pea) acreage, are expected to curb aggressive price increases.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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