Mumbai, 2 May 2024 (Commoditiescontrol): Prices for both domestic and imported masur lentils remained largely unchanged in major mandis and consuming centers. Market analysts attribute this stability to reduced arrivals, limited offtake for masur dal, and a crackdown on hoarding.
Strict enforcement against hoarding in major masur-growing states has led to reduced mill demand for masur, focused primarily on immediate needs. This has caused a sharp decline in overall demand. Farmers are holding onto their crops in anticipation of government procurement at Minimum Support Prices (MSP), leading to limited market arrivals. Additionally, high international prices and weak domestic prices have created import disparity, further slowing down imports. Consequently, masur prices remain largely stable in domestic markets.
Meanwhile, prices for Canadian-origin red lentils (CIF) in Mumbai stand at $720-725 per MT, mirroring rates from the previous session. Kolkata port prices are slightly higher at $730-735 per MT for immediate delivery. Imported lentil prices have remained stable due to consistent demand.
Market analysts expect domestic masur prices to stay range bound near current levels, balanced by above supply and demand factors.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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