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Canada-Domestic Masoor stay weak at select market

7 Feb 2023 6:06 pm
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Mumbai, 7 Feb (Commoditiescontrol): Canada crimson variety Masoor at Hajira-Mundra port slipped down by Rs 50/100Kg on thin mills trade amid thin offtake in processed Masoor, an extension of import tariff reductions until March 2024 by the Indian government, ongoing NAFED sales for old crops, enhanced domestic and global production forecasts, and a much lower landed cost for far-month shipments than the current spot prices. Furthermore, new domestic crop arrivals are due to begin next month, and arrivals pressure is projected to increase after Holi.

Similarly, Madhya Pradesh line Masoor extend fall by Rs 100 at Rs 6,125-6,150/100Kg at Naya Bazaar market of Delhi.

Also, domestic variety Masoor declined by Rs 50/100Kg each at Indore and Kanpur market on dull mill buying.

Masoor dal processed from domestic variety at Katni dropped by Rs 50 at Rs 6,600-7,100/100Kg amid dull offtake.

Masoor exports from Australia continue solid tone. Movement reached 166,268 MT in the month, up 562% from the 25,130 MT shipped the previous month. Shipments so far total 191,398 MT, compared to 96,762 during the last marketing year.

India was the top destination, buying 87,127 MT. Bangladesh was the second most important buyer buying 35,995 MT, followed by United Arab Emirates at 23,590 MT.

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

(By Commoditiescontrol Bureau; +91-9820130172)

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