Mumbai, 02 Apr 2024 (Commoditiescontrol): Prices for imported matar(yellow peas) rose by Rs 25-50 per quintal in major Indian markets today, reflecting ongoing strong demand. Bilty prices for matar from Uttar Pradesh and Madhya Pradesh in Kanpur followed suit, rising by Rs 25 per quintal. Thin pipeline stocks are cited as the primary reason for the increase.
Domestic matar prices in select Uttar Pradesh markets remained mostly stable despite some temporary market closures due to recent rains. Market analysts anticipate prices to hold steady, supported by crop losses and increased demand from besan manufacturers responding to shifts in chana prices.
Imported matar prices are expected to stay firm as import shipments slows down. A significant portion of estimated quantity of 10 lakh tones has been reached, addtionaly duty free import window closes on April 30th. Limited global supplies until new crops arrive from Russia and Canada in September will contribute to firm prices of matar in coming days.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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