Mumbai, 07 Nov (Commoditiescontrol):Imported yellow pea (matar) prices softened on Thursday amid sluggish demand from mills and an abundance of overseas supplies. With larger shipments expected soon from Canada and Russia, domestic market conditions may face further downward pressure.
In Mumbai, a major trading hub, prices for Russian and Canadian yellow peas held steady. Meanwhile, prices at Hajira and Mundra ports eased by ₹50, ranging between ₹3,325 and ₹3,375 per quintal. Kolkata reported stable rates for imported yellow peas, while in Kanpur, locally sourced peas from Uttar Pradesh and Madhya Pradesh remained firm at ₹3,675 per quintal.
White and green desi peas saw minimal movement across major mandis, with no new quotes from Orai, Rath, Konch, and Mauranipur. White pea prices stayed stable in Lalitpur, Jhansi, and Mahoba, while green peas were steady in Mahoba. However, Lalitpur reported a notable ₹500 decline in white pea prices amid weak demand.
Adding to the domestic supply, the vessel M.V. BELFAST arrived at Mundra port on October 29, delivering 28,095 tonnes of Canadian yellow peas.
Internationally, yellow pea prices softened slightly last week as India’s duty-free import window for these peas nears its December 31 closure. With uncertainty over an extension, coupled with strong Kharif harvests and expectations for a robust Rabi season, import demand has weakened. Should the duty-free period end as scheduled, global suppliers may need to lower prices further to attract Indian buyers, which could drive domestic prices down further. The anticipated Canadian and Russian harvests are expected to add additional pressure to the market in the coming weeks.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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