Week Ahead: White Pea may find support at lower levels on regular buying

MUMBAI, 24 Sep (Commoditiescontrol): White Pea prices declined, as per quality at Kanpur market last week ended on 24th September 2022 amid thin buying activity at higher rates from Mumbai and southern market.

White Pea prices at the Kanpur market traded weak by Rs 100 at Rs 5,050-5,250/100Kg, as per quality.

On other hand, Vatana besan and dal traded firm each by Rs 25-50 at Rs 3,850/50Kg and Rs 5,950, respectively.



International markets updates:

International yellow pea markets were unchanged to easier for the week. With no major news on the demand and supply side.

Trend: Domestic white Pea prices are likely to get support at lower rates as buying may emerge to meet immediate requirements due to festival season. Moreover, consumption is higher than the domestic crop supply. There is limited downside from current levels as new crop arrivals are negligible and there is no supply from overseas due to import restrictions.

(By Commoditiescontrol Bureau; +91-22-40015513)