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Yellow Pea Prices Steady Amid Muted Trading Activity

20 Jan 2025 6:15 pm
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Mumbai, 20 Jan (Commoditiescontrol): Yellow peas (matar) prices remained stable across key domestic markets on Monday, with trading limited to need-based buying. While most markets saw little change, Orai mandi reported a slight decline in white pea prices due to localized factors. Supplies have marginally eased, but overall, the market maintained a steady tone.

In major hubs like Mumbai and Kolkata, Canadian and Russian-origin yellow peas continued to trade steadily. At Hajira, Mundra, and Mumbai ports, prices ranged between ₹3,250–₹3,450 per quintal, unchanged from the previous session. Kolkata markets also recorded no price fluctuations. In Kanpur, yellow peas sourced from Uttar Pradesh and Madhya Pradesh stayed stable, following last week's uptick driven by improved demand.

Desi matar (domestic yellow peas) also witnessed subdued trading activity, with prices holding firm in most regions. In Orai mandi, white peas saw a marginal ₹20 dip, trading at ₹3,200–₹3,260 per quintal. Other regions, such as Lalitpur and Mahoba, reported stable prices of ₹3,100–₹3,200 and ₹3,200–₹3,260 per quintal, respectively. Green pea prices remained unchanged, with Lalitpur quoting ₹8,000–₹13,000 per quintal and Orai at ₹3,000–₹10,000 per quintal. Several markets, including Jhansi, Rath, and Mauranipur, reported no trading activity for the day.

On the international front, Canada's field pea exports experienced a sharp decline in November, dropping to 200,836 metric tons (MT) from October’s 437,635 MT. Despite this monthly decrease, cumulative exports for the marketing year reached 1,266,530 MT, a 29% increase over the previous year. India emerged as the largest importer, accounting for 77,637 MT of Canadian peas, followed by China (38,540 MT) and Bangladesh (25,613 MT).

Looking ahead, yellow pea prices are expected to remain stable, supported by firm global benchmarks. Upcoming events like Kumbh Mela and Ramadan may boost domestic demand, potentially providing upward momentum to prices. However, ample imported stocks are likely to cap any significant price increases, keeping the market range-bound.

Spot Matar Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-9820130172)


       
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