Weekly Review-Lentil

01-Feb-2025 07:32 PM

Lentil slowdown due to selling pressure

It seems like lentil prices have been under pressure this week due to a mix of factors like increased selling by stockists, sluggish demand, and the start of the new crop season. This trend might continue, especially with new arrivals expected soon in Madhya Pradesh, which will likely put more pressure on prices. The decrease in imports, as well as weak demand from dal millers, has also contributed to the decline.

Here’s a quick breakdown of the situation across different regions:

• Mumbai: Lentil prices fell by Rs. 50-75 per quintal due to increased selling pressure and lower demand.
• Kolkata: Prices also dropped by Rs. 100-150 per quintal.
• Delhi: Prices fell by Rs. 100-150, with weak demand from dal millers pushing them down.
• Madhya Pradesh: Sporadic arrivals of new lentils led to increased selling pressure, resulting in a Rs. 50-100 per quintal decline.
• Uttar Pradesh: Lentil prices fell by Rs. 100-150 due to lack of demand.
• Bihar & Raipur: Prices also saw a Rs. 50 drop due to weak demand.
• Masoor Dal: Prices remained stable despite sluggish demand, with no significant changes in prices.

It looks like the market is under pressure, and if the demand doesn’t pick up soon, we could see continued price declines in the coming weeks. It will be interesting to see how the arrival of the new crop in Madhya Pradesh affects the market further.

Would you like to dive deeper into any specific region or factor here?