Mumbai, 16 May 2024 (Commoditiescontrol): Masur prices in major markets across India witnessed an uptick today, fueled by robust demand from dal millers and the escalating prices of tur (pigeon peas). Bilty prices, reflecting wholesale transactions, also surged by Rs 50-75 per quintal in major markets.
Market analysts attribute this upward trend to the soaring tur prices, which have prompted consumers to seek alternative pulses like masur. While the substitution effect is relatively limited, estimated at 5-7%, it has significantly bolstered masur prices in the spot market. Traders anticipate this trend to persist in the coming days, with tur prices continuing to exert upward pressure on masur.
Meanwhile, in Mumbai, the price of imported red lentils (CIF) remained steady, ranging between $725 and $735 per metric ton. Similarly, Kolkata port prices for immediate delivery held firm at $735 to $740 per metric ton, unchanged from the previous session.
Spot lentil markets in Canada remained firm this week, despite slowing trade and limited spot shipping positions. Tight stocks are hindering exporters' ability to meet emerging demand ahead of the upcoming harvest. Canadian farmers have planted roughly half of their intended lentil area so far.
Market experts predict masur prices to maintain a range-bound trajectory with a positive bias in the near future. Although prices have seen a marginal increase in the past two sessions, a substantial surge is unlikely due to ample domestic supply.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
