Mumbai, 14 May 2024 (Commoditiescontrol): Price of domestic masur has witnessed an uptick, buoyed by the escalating costs of tur following news of the Dal tender. Reports from trading circles indicate that masur prices, particularly in bilty trade, have held steady across domestic markets. While masur prices have seen an increase ranging from Rs 25 to Rs 75 per quintal, the price of choti masur has remained unchanged in Bareilly.
Local sources attribute this stability in prices to consistent supplies of choti masur reported year over year. At the Indore market, there has been a marginal increase of Rs 50 desi masur prices in bilty trade maintaining a rate of Rs 6,050/6,100 per quintal.
On the international front, Canadian-origin red lentils (CIF) offered at $725-735 per metric ton (MT) for Mumbai, with Kolkata port prices ranging between $735 and $740 per MT for immediate delivery. These figures mark stability compared to the previous session.
Masur prices are expected to remain range-bound despite ample supply available with farmers, traders, and the government. This is because farmers and traders are holding onto their stock in anticipation of a price increase once government procurement begins at the MSP, which is considerably higher than current spot prices.
Spot Masur Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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