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Imported Masoor Firm in Major Mkts, Domestic Variety Almost Flat

19 Sep 2020 3:32 pm
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MUMBAI (Commoditiescontrol) – Canada crimson variety at Mumbai, Hazira and Mundra along with Australia Masoor at Mumbai port moved higher by Rs 25-30/100Kg, on Saturday, amid mill buying on immediate requirement for crushing.

However, availability of imported raw and processed Masoor stock at cheaper rates and limited offtake in processed Masoor will limit the gains.

On the other hand, domestic Masoor was steady in major markets of Madhya Pradesh, and Uttar Pradesh due to thin mills' buying, for immediate crushing requirement.

Sentiments are dampened as government has reduced the import duty other than the US on Masoor by 20 per cent from September 18, 2020 to October 31, 2020, a move aimed at increasing availability in the domestic market. In the case of import of the Masoorl from the US, the duty has been brought down to 30 per cent from the earlier 50 per cent.

Duty cut announced in June benefited foreign farmers and traders as global prices of Masoor rose after India reduced the import duty. The country imported about 25 lakh tonnes of pulses last fiscal to meet domestic demand and out of that 8.5 lakh tonne was Masoor. Imports of Masoor to rise to 10 lakh tonnes this fiscal.

Spot Raw Lentils ( Masoor ) Prices In Key Indian Market:



(By Commoditiescontrol Bureau; +91-22-40015513)


       
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