Mumbai, 28 July (Commoditiescontrol) – Canada crimson variety at Mumbai, Mundra, Kandla and Hajira port along with Australia Masoor in Mumbai and Kolkata extended fall by Rs 50-100/100Kg, on Wednesday as millers refrained to purchase at prevailing rates after the government reduced the import duty. Moreover, supplies from overseas has also pressurised the sentiments.
Vessel M V LOWLANDS BEACON discharged 10,000 MT Canada red Masoor at Vizag port and expected to reach at Kolkata port on 28th July, 2021 to discharge balance cargo, according to a shipping agency.
On other hand, domestic Masoor traded higher by Rs 25-50/100Kg, as per quality, at selected markets, such as Indore, Vidisha, Bareilly and Kanpur due to mills buying activity on immediate requirement for crushing.
While, commodity declined by Rs 100 to Rs 5,800-6,200/100Kg at Khurai market on slack trade due to average quality despite less arrivals.
At Delhi, Canada-Madhya Pradesh-Canada origin Masoor offered higher each by Rs 50 at Rs 6,650/100Kg and Rs 6,800, respectively as sellers were inactive at lower rates. Buyers also hesitate to purchase. No actual trade was reported.
In forward business, Canada crimson variety Masoor offered at $810 per ton in container on CNF basis JNPT for Sep-Oct shipment.
The deteriorating crop situation in Canada and the US has since become a more important consideration for processors and exporters. Exporters are waiting for initial yield indications as they are thinking yields could be down between 30% and 40% from last year. Initial fears of a crop failure in Australia because of dry weather have been less by good rainfall in most key growing areas.
Spot Raw Lentils ( Masoor ) Prices In Key Indian Market:
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(By Commoditiescontrol Bureau; +91-22-40015513)
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