Mumbai, 15 Oct 2024 (Commoditiescontrol): Matar (pea) prices eased on Monday, as demand for imported varieties weakened following the conclusion of Navratri celebrations. With limited trade inquiries, prices have remained in a narrow range, pressured by declining stock levels and reduced imports. Buyers remain cautious, limiting purchases to immediate needs.
In Kanpur, desi matar prices from Madhya Pradesh and Uttar Pradesh fell by ₹50 per quintal amid subdued demand. Russian and Canadian-origin peas in Mumbai also softened, trading between ₹3,450 and ₹3,700 per quintal. White and green peas, however, held steady across key trading centers.
India’s escalating diplomatic tensions with Canada, marked by the expulsion of key diplomats, pose a growing risk to the country’s crucial pulse imports. Canada, a major supplier of lentils (masoor) and yellow peas (matar), plays a critical role in meeting India's domestic demand. Prolonged tensions could lead to trade restrictions or tariffs, triggering supply disruptions, price increases, and heightened volatility, particularly in masoor and matar markets.
Looking ahead, the market's response to the diplomatic situation will be key. However, expectations of a bumper kharif crop, including Tur and moong, alongside favorable sowing conditions for the upcoming rabi crop, are likely to limit any significant upward price movement.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
