Mumbai, 04 Apr 2024 (Commoditiescontrol):Imported matar prices rose Rs 25 per quintal in major markets, fueled by sustained demand and favorable pricing compared to chana. Domestic green peas in Uttar Pradesh surged Rs 200 per quintal, driven by strong interest from South India and putana manufacturers.
Market analysts expect domestic matar prices to hold firm or rise further. Limited import activity and spot prices below landed costs are key factors. Bilti prices in Kanpur for UP and MP lines continue their upward trend, gaining Rs 100 per quintal today. Anticipate continued strong demand due to limited pipeline stocks. The lower chana crop yield this season suggests a bullish near-term outlook, further supporting matar prices.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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