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Mumbai, 15 Oct 2024 (Commoditiescontrol):Masur (lentil) prices maintained a steady-to-firm trend on Monday, with notable gains in both bilty trade and imported varieties across key markets like Delhi and Mumbai. Post-Navratri trading activity picked up, driven by constrained domestic supply and positive sentiment surrounding imported Masur.
In the bilty segment, Delhi saw a ₹50 increase, while Bareilly recorded a ₹25 rise, with other regions remaining stable. Desi Masur prices showed no significant movement.
Imported Masur experienced stronger gains due to solid demand and steady supply. Canada-origin Masur in Delhi rose by ₹50 to ₹6,350 per quintal. At Mumbai’s Mundra and Hajira ports, Canada Crimson and Australia Nugget varieties increased by ₹75, with prices ranging between ₹6,175 and ₹6,400 per quintal. In Kolkata, Canada-origin Masur advanced by ₹100. Masoor Dal (split lentils) mirrored these gains, with Mumbai prices up by ₹50 and Katni prices surging ₹100, trading between ₹7,250 and ₹7,700 per 100 kg.
However, escalating diplomatic tensions between India and Canada pose a growing threat to the pulse trade. Canada, a critical supplier of lentils and yellow peas, plays a key role in meeting India’s demand. Ongoing tensions could lead to trade restrictions, tariffs, or supply disruptions, increasing volatility in the masoor and matar markets and pushing prices higher.
Looking ahead, while the diplomatic situation remains a significant concern, expectations of a strong kharif harvest—especially for Tur and moong—and favorable conditions for the upcoming rabi season may temper any substantial price hikes.
(By CommoditiesControl Bureau; +91-9820130172)
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