login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Matar Prices Stable Despite Falling Domestic Supply

25 Apr 2024 4:35 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 25 Apr 2024 (Commoditiescontrol):Matar prices across India's major mandis remained stable despite a reported decrease in domestic arrivals. Market analysts attribute this stability to a plentiful supply of imported matar, which is restricting upmove in doemstic matar price despite decrease in arrivals.

White matar prices held steady as the ample availability of imported matar limited any potential price increases for the domestic product. On the other hand, green matar prices were mostly unchanged except in Mahoba, where a surge in buying activity pushed prices up by Rs 300 per quintal. Local traders indicated that Mahoba prices were initially lower than nearby markets, leading to the adjustment. However, Mahoba continues to offer the most competitive green matar prices in the region. Concurrently, Canadian yellow pea import costs (CIF) for delivery to Mumbai remained within the $520-525 per MT range, while Russian imports hovered around $500/MT. Analysts predict matar prices will likely stay within a relatively narrow range in the immediate future, potentially trending slightly downwards. This price stability stems from a balance between healthy import supplies and robust domestic demand resulting from lower harvests of other pulses like tur and chana.

However, a potential extension of the government's duty-free import policy for matar beyond June 30th, combined with anticipated new crop supplies from Canada and Russia beginning in September, could apply downward pressure on prices.
Spot Matar Prices In Key Indian Markets:


(By Commoditiescontrol Bureau; +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Limited Pulses Market Coverage Today
Branded Processed Pulses At Mumbai Apmc Market - 17 Jun...
Mumbai Pulse Market Sees Decline Tur and Urad Prices
Government Enforces Stricter Stock Disclosure Rules for...
Solapur Pulse Market Hold Steady
more
Top 5 News
U.S. Soy Crush Hits Record, Soyoil Stocks Fall in May
ZCE COTTON AND YARN EVENING CLOSING:17-June-2024
DCE OIL COMPLEX EVENING CLOSING:17-June-2024
ICE/ZCE Daily Rates Update:17-June-2024
DCE Daily Rates Update:17-June-2024
Top 5 Special Reports
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Weekly: Cotton Prices Slide for Third Consecutive Week ...
India Plans Boost in Arhar and Urad Dal Production to T...
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
Copyright © CC Commodity Info Services LLP. All rights reserved.