Mumbai, 04 Dec (Commoditiescontrol): Matar (yellow pea) prices in India remained stable on Wednesday, with limited trading activity observed across markets. Analysts attributed the steady trend to reduced imports from Canada, a major supplier, driven by depleted old-crop inventories and slower-than-expected arrivals of new crops. In domestic markets, desi yellow pea prices were unchanged across key hubs, while trade in white and green peas remained subdued as several mandis operated on limited days.
In major centers such as Mumbai and Kolkata, prices for imported yellow peas from Canada and Russia held firm. Similarly, prices for locally grown yellow peas from Uttar Pradesh and Madhya Pradesh showed no significant changes in Kanpur. White peas in regions like Lalitpur, Orai, and Mahoba maintained stable pricing, while green peas also exhibited steady trends across various mandis. No quotes were available for some mandis due to limited trading activity.
Yellow peas from Canada, arriving at Mundra port in breakbulk, were quoted at $400/MT, reflecting firmness in international markets.
Analysts expect prices to trade steady in the short term, supported by the prevailing firm tone in global markets.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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