Mumbai, 03 May 2024 (Commoditiescontrol): Matar prices in major domestic spot markets fell for both white and green matars on Friday. White matar prices in select markets dropped by Rs 50-200 per quintal, while green matar prices lost Rs 100-200 per quintal. According to local sources, buyers are inactive as chana prices fall.
However, prices in major consumption centers were reported stable due to strong demand. According to sources, arrivals remained low, but strong demand at lower level has supported prices in consuming areas.
Meanwhile, yellow pea (CIF) prices in Canada quoted lower between $510 and $520 per MT for Mumbai delivery, while prices in Russia were reported stable at $490 to $500 per MT for prompt delivery. Both rates were up $5 per MT from the previous session.
Matar prices are expected to remain stable in the near future. While prices have declined from the season's start due to imports and domestic harvests, further significant decreases are unlikely. Limited potential for major international price drops until new crops arrive in Russia and Canada (expected in September), combined with ample imported matar supplies domestically, will prevent both substantial price drops and increases.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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