Weekly Review-Lentil

14-Dec-2024 08:17 PM

Desi lentil prices rise due to weak selling and increased buying

The prices of desi lentils have risen this week due to weak selling at lower prices and increased buying. Despite steady imports from Canada and Australia, the import volume is lower compared to the same period last year, which saw a record amount of lentil arrivals. The availability of last year's imported lentils still persists, and the government holds sufficient stocks. Additionally, lentil sowing in India continues, with the area expected to be on par with last year.

In Australia, rain did not significantly damage the lentil crop, as most of it had already been harvested. Australian exporters have sold lentils at reduced prices, leading to a decline in the C&F price of Australian lentils by $10 per ton, now at $705 per ton.

Price Overview by Region:

Mumbai:

  • Prices for lentils remained stable due to sluggish demand, with the week ending at:
    • Mundra: Rs. 5850
    • Hazira: Rs. 5900/5925
    • Canada: Rs. 6050
    • Australia: Rs. 6100/6150 per quintal.

Kolkata:

  • No change in prices, remaining steady at:
    • Canada: Rs. 6300
    • Australia: Rs. 6350 per quintal.

Delhi:

  • Prices rose by Rs. 100-150 per quintal due to weak selling and increased buying from dal millers. The week ended with the following prices:
    • Choti Kota: Rs. 6625
    • Bundi: Rs. 6950
    • Uttar Pradesh: Rs. 7000
    • Desi Badi: Rs. 6700/6725 per quintal.

Madhya Pradesh:

  • Due to strong demand, lentil prices increased by Rs. 100-150 per quintal:
    • Ashoknagar: Rs. 5900/6000
    • Sagar: Rs. 5700/6100
    • Damoh: Rs. 5700/6250
    • Indore: Rs. 6000
    • Katni: Rs. 6650/6675 per quintal.

Uttar Pradesh:

  • Prices rose by Rs. 50-75 per quintal due to improved demand:
    • Bareilly Chhoti: Rs. 7000
    • Moti: Rs. 6675/6700
    • Kanpur: Rs. 6525
    • Lalitpur Moti: Rs. 5850/5950
    • Lalitpur Chhoti: Rs. 6150/6200 per quintal.

Bihar:

  • Lentil prices increased by Rs. 50 per quintal due to overall rise in demand:
    • Barh: Rs. 6650
    • Khusrupur: Rs. 6600
    • Mokama: Rs. 6650 per quintal.

Raipur:

  • Lentil prices saw a modest rise of Rs. 25 per quintal, ending at Rs. 6250 per quintal.

Masoor Dal:

  • The rise in lentil prices and increased buying also supported an increase in masoor dal prices by Rs. 50-100 per quintal. Prices at the end of the week were:
    • Jalgaon: Rs. 7500
    • Indore: Rs. 7600
    • Barh: Rs. 7550/7850
    • Khusrupur: Rs. 7550/7850 per quintal.

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