Mumbai, 08 May 2024 (Commoditiescontrol): Masur or Red Lentil prices of both, the domestic and imported masur, gained on Wednesday benefiting from slow arrivals and steady buying activity. Millers have persisted with limited buying activity to meet consumer demand while restricted arrivals are witnessed. Stockiest are hesitant to bring their stock to market as they expect prices to firm up following the gains in the overseas market, especially after the surge in Australian desi variety chana prices, local traders said.
This fact reflects in local mandi report as well that saw a steady pick up masur prices throughout the day. Bullish undertone was observed in key local markets today. Some markets have returned to traded after a day off amid sluggish trade, which also contributed in boosting prices.
In Mumbai, Canadian-origin red lentil prices (CIF) maintained their previous session levels at $715-720 per metric ton (MT). Prices at the Kolkata port stood at $725-730 per MT for immediate delivery.
There is ample supply of masur held by traders,Farmers and the government. However, the anticipation of government procurement at higher MSP levels has led to a decline in domestic arrivals, creating a short-term supply shortfall. Prices are unlikely to remain elevated unless the government begins large-scale masur procurement at MSP.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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