Mumbai, 17 May 2024 (Commoditiescontrol): Masur or Red Lentil prices in major markets have continued to trend up owing to strong demand from dal processors. Local traders attribute this increase to government buying activity, particularly in Uttar Pradesh markets. Bilty prices have climbed by Rs 25-50 per quintal across consuming markets.
Rising tur prices are also contributing to the upward trend in masur prices, despite only a small portion of masur (about 5-7%) being replaced with tur. The increased tur prices are expected to provide some support for masur prices.
In terms of imported red lentils, CIF prices in Mumbai range from $725 to $735 per metric ton (MT), while the Kolkata port charges between $740 and $750 per MT for immediate delivery. Prices in Mumbai have remained stable compared to the previous session, whereas prices in Kolkata have increased.
Meanwhile, Canada's spot prices for red lentils have slightly decreased from the previous session, now ranging between $567 and $572 per MT. Local sources indicate that lower supply levels are helping to keep spot market prices stable.
Looking ahead, prices are expected to remain within a range while maintaining positive bias. There has been a marginal increase in prices during the last two sessions, but analysts ruled out significant surge due to sufficient domestic supply.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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