Mumbai, 12 April 2024 (Commoditiescontrol):Matar (peas) prices remained mostly steady across Indian markets, with select markets registering minor changes. Mumbai saw slight gains in imported matar of Russian origin, while Orai experienced a rise in desi matar prices.
Market stability is largely attributed to the lack of major selling pressure following the government's directive for mandatory weekly pulse stock disclosures. This has allowed chana prices to recover after witnessing losses in markets like Delhi and Nagpur yesterday. Matar prices in Mumbai have also benefited from this recovery.
Market sources indicate that the current supply of peas is sufficient to meet near-term demand. Approximately 12.0 lakh tonnes of peas have already been imported, with domestic crops providing about 7-8 lakh tonnes. Additionally, the government's extension of duty-free matar imports until June 30th could further increase supply, keeping the domestic market well-stocked.
These factors suggest that matar prices are likely to remain range-bound at current levels, barring any significant price fluctuations in chana and tur.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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