MUMBAI, 21 Nov (Commoditiescontrol): India's masoor (lentil) imports declined significantly by 45% year-on-year between April and September 2024, totaling 444,958 MT compared to 802,084 MT in the same period last year. This drop was largely influenced by reduced demand, global supply adjustments, and domestic production trends.
The highest monthly imports were recorded in June, with 102,425 MT, reflecting strong mid-year trade activity. However, the following months showed fluctuations. Imports peaked in August at 87,761 MT before easing to 75,880 MT in September. April and May saw relatively subdued imports at 64,583 MT and 49,095 MT, respectively, indicating a slow start to the fiscal year.
Australia maintained its position as India’s top supplier of masoor, contributing 240,989 MT, accounting for 54% of the total imports. Canada followed with 175,991 MT, representing 39% of total imports. The USA ranked third with a modest 10,229 MT, while Russia and other smaller suppliers, including Ukraine, contributed 7,184 MT and 10,566 MT, respectively.
The data also indicates shifting trade patterns. While Australia remains the dominant supplier, Canada’s share fluctuated, peaking in June at 43,222 MT before falling sharply in subsequent months. The USA’s contributions remained consistently low, while imports from Russia and other countries remained marginal.
The decline in imports is attributed to sufficient domestic supplies, favorable Kharif harvest expectations, and subdued demand for imported masoor due to higher prices in global markets. Additionally, currency depreciation has made imports costlier, prompting Indian buyers to limit purchases.
Domestic masoor prices have shown stability in recent months. For instance, in November 2024, prices in major mandis like Ashoknagar and Ganjbasoda ranged between ₹5,800 and ₹6,100 per quintal. In the bilty trade, Delhi maintained steady rates for Madhya Pradesh-origin masoor at ₹6,675 per quintal. Internationally, Canadian masoor at Mundra port remained stable at ₹5,900 per quintal, with Australian Nugget lentils quoted at ₹6,100 per quintal.
Looking ahead, imports may remain subdued as fresh domestic supplies enter the market, potentially keeping prices in check. However, international factors, including weather-related production challenges in Canada and Australia, could influence future supply patterns and pricing.
(By Commoditiescontrol Bureau; +91 98201 30172)
0 Comments 
Post Comment 
