Mumbai, 26 June 2024 (Commoditiescontrol): For the third consecutive session, Kabuli prices have remained stable, showing minimal impact from the current stock limit. Sources suggest that the government is likely to remove Kabuli from stock limit regulations, a move that has helped maintain price stability.
Farmers and stockists, deterred by low prices, are reluctant to bring their stocks to the market, contributing to this stability. Container rates also stayed steady during a slow trading session.
Indore mandi saw arrivals steady at 2200 quintals, while Madhya Pradesh's total arrivals were 13,000 quintals, up from 11,000 quintals the previous day.
In Canada, farm gate prices for the 9 to 10 mm variety remained stable at USD 684 and USD 700 per metric ton, respectively, due to increased acreage keeping prices at a nine-month low.
Kabuli prices are expected to stay stable in the short term due to limited supply. The current stock limit is unlikely to impact significantly as farmers and stockists do not hold inventory above the set limit. If the government removes the stock limit, increased participation from stockists and traders could support prices. Additionally, the wedding season is expected to boost demand, further supporting prices.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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