Login ID:
Partner Login
Contact Us : 7066511911

Stockiest incur huge loss as green pea prices drop 45% since March

26 May 2022 4:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI, 26 May (Commoditiescontrol) – The stockiest, who stocked green peas at higher rates, have incurred huge loss as prices of the commodity have dropped sharply.

Green peas prices Chapti variety were at Rs 2,700-3,000/100Kg and its round variety was offered at Rs 3,500/100Kg in the benchmark market of Lalitpur in Uttar Pradesh on Thursday with arrivals of 3000 bags.

However, prices of green peas were at 6,000-6,500/100Kg during the harvesting season. Hence, prices of green peas dropped over 45% so far since March when harvesting begun.

As per Lalitpur based traders, acreage around 20% of White Pea has shifted to green pea this year due to higher rates last year.

Stockiest have already purchased at an average rate of Rs 6,000-6,500/100Kg. therefore, they are suffering a huge loss duet o steep fall in the prices of the commodity. Local buyers along with buyers from Mumbai, Chhattisgarh and southern market has purchased stock.

Earlier farmers were holding green pea in anticipation of higher prices, but now active to sell their stock as it may get danki after one or two month.

Consumption of green pea is mainly use for limited purpose, such as sabji (matar paneer) and snacks. Not like White Pea for dal/besan.

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

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

   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 :  

Top | Post Comment  

Latest Market Commentary
Kottayam/Kochi Rubber Rates 28 June, 2022
Malaysia Rubber Physical Prices (Sen/Kg) 28 June, 202...
Shanghai Rubber Price 28 June, 2022
Rubber (JPX) Positive Short-term Trend / Retesting Re...
Bangkok/kualalumpur Rubber Rates 28 June, 2022
Top 5 News
Cotton stays unchanged in Karnataka amid limited spinni...
Cotton rules weak in Madhya Pradesh on lacklustre offta...
Cotton gains further in Lower Rajasthan on continued de...
Cotton improves in Maharashtra on increased demand from...
Kottayam/Kochi Rubber Rates 28 June, 2022
Top 5 Special Reports
SOPA seeks rollback of customs duty exemption on edibl...
Pigeon Pea (Akola) Inflection Point: Trading Near Ran...
Castor Oil (Kadi) Counter-trend Decline / Next Key Su...
Week Ahead: White Pea prices to remain range bound on l...
Week Ahead: Moong prices unlikely to see fall from curr...
Copyright © CC Commodity Info Services LLP. All rights reserved.