Mumbai, 26 June 2024 (Commoditiescontrol): Matar prices have remained stable across major markets, driven by active buyer interest following a firm trend in Chana prices, particularly at Kanpur. However, increased imports have ensured sufficient supply, keeping prices under control.
In the import market, CIF prices for imported peas have also shown stability. In Mumbai, Canadian origin peas are priced at $480-485 per MT, while in Kolkata, they remain at $515 per MT. Prices for Russian origin peas in the Kolkata market have stayed unchanged at $503 per MT.
Farm gate prices in Canada were reported at $326 per MT, unchanged from the previous session. Sources indicate that increasing acreage is putting pressure on these prices. Following a decline, S/O/N prices have remained stable in the $295-310 per MT range compared to the previous session.
Overall, robust demand balanced by ample supply is expected to keep matar prices steady. The domestic market is well-supplied to meet demand until new crop arrivals from Russia and Canada in September.
Spot Matar Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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