Mumbai, 10 Sep 2024 (Commoditiescontrol): Masur (lentil) prices remained steady to firm on Tuesday, supported by limited availability of imported stock and a slowdown in overseas shipments. Selective buying interest for both domestic (desi) and imported varieties also helped maintain price levels. In mandi trade, as well as in "all expenses paid" import markets and masur dal sales, prices reflected underlying demand.
In key trading centers like Kareli and Ganjbasoda, desi masur prices rose by ₹100 per quintal, while markets in Ashoknagar, Jabalpur, and Lalitpur remained steady amid the arrival of premium-quality lentils.
Masur dal prices held firm in Mumbai and Katni due to consistent mill demand. Meanwhile, Canada-origin masur prices were unchanged in both Mumbai and Delhi, with limited seller activity and reduced stock levels keeping prices steady. However, fresh shipments from Canada are expected to arrive at Mundra port soon, with softer CNF quotes from Australia and Canada potentially triggering a price correction in the near future.
The prevailing strength in masur prices is largely driven by robust domestic demand ahead of the festive season, alongside continued export interest. Imports have slowed down due to the end of the crop year and reduced availability in exporting regions. The anticipated arrival of new Canadian crop shipments in October may ease supply constraints and could lead to softer prices. Additionally, the influx of lower-priced matar from Canada and Russia may exert further downward pressure on masur prices.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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