Markets nationwide are currently experiencing a downward trend in Masur prices, impacting both imported and domestic (local) varieties. However, a few markets have bucked this trend, recording gains in desi Masur prices due to localized demand surges.
After a four-day hiatus, the Delhi market resumed operationsm immediately noting a loss of Rs.125 per quintal in the Madhyapradesh line Masur.
Similarly, Kanpur reported a decline, with prices dropping by Rs.50per quintal for both Uttarpradesh and Madhyapradesh line Masur. In contrast, Indore and Bareilly registered an uptick of Rs.50per quintal.
In terms of imported Masur, both Delhi and Kolkata marketd reflected a reduction by Rs.50per quintal. Mumbai, however held its ground with stable prices for ex-Mumbai deliveries as well as shipments from Hajira and Mundra ports.
Several pulses markets seem to be in a subdued state, likely due to the ongoing festive season. Active markets are treading cautiously, shaped by the recent beneficial rains and rigorous government monitoring of price fluctuations.
The future trajectory of Masur prices hinges on supply patterns from Canada and CNF India’s rate structure for Canadian-origin Masur. Furthermore, the volatility in Toor prices is set to significantly influence the market direction for Masur.