Weekly Review-Lentils

23-Nov-2024 08:03 PM

Lentil prices fall due to subdued demand

Weekly Review: Lentil Prices

Lentil prices experienced a decline last week due to increased selling pressure and a lack of customer demand. Here’s a breakdown of the price trends across various regions:

1. Mumbai

• The market saw a reduction in lentil prices due to sluggish demand and an influx of imported lentils. Prices dropped by Rs. 25/50 per quintal.
• End of week prices:
  • Mundra: Rs. 5900
  • Hazira: Rs. 5950/6000
  • Container Canada: Rs. 6150
  • Australia: Rs. 6150/6200

2. Kolkata

• Lentil prices in Kolkata also fell by Rs. 50 per quintal. Weak buying pressure from dal millers contributed to this price dip.
• End of week prices:
  • Vessel: Rs. 6350
  • Container: Rs. 6375/6400

3. Delhi

• Prices in Delhi dropped by Rs. 75/100 per quintal due to weak demand from dal millers, influenced by fluctuations at the port.
• End of week prices:
  • Small quota: Rs. 6475
  • Bundi: Rs. 6850
  • Uttar Pradesh: Rs. 6900
  • Desi Badi: Rs. 6600

4. Madhya Pradesh

• Increased selling and weak demand led to a decrease in lentil prices in Madhya Pradesh. Prices dropped by Rs. 50/100 per quintal.
• End of week prices:
  • Ashoknagar: Rs. 5800/5900
  • Sagar: Rs. 5600/5950
  • Damoh: Rs. 5700/6300
  • Indore: Rs. 6000
  • Katni: Rs. 6550/6575

5. Uttar Pradesh

• Prices fell by Rs. 50 per quintal in Uttar Pradesh due to sluggish demand.
• End of week prices:
  • Bareilly (small): Rs. 7000
  • Thick: Rs. 6625
  • Kanpur: Rs. 6550
  • Lalitpur (thick): Rs. 5750/5900
  • Lalitpur (small): Rs. 6100/6150

6. Bihar

• In Bihar, lentil prices fell by Rs. 50 per quintal, with no significant movement observed in Raipur.
• End of week prices:
  • Bihar: Rs. 6650
  • Barh: Rs. 6650
  • Khusrupur: Rs. 6600
  • Mokama: Rs. 6650
  • Raipur: Rs. 6200

7. Masoor Dal

• Masoor Dal prices remained stable, despite the fall in the price of Masoor and sluggish demand.
• End of week prices:
  • Jalgaon: Rs. 7500
  • Indore: Rs. 7550
  • Barh: Rs. 7700/8000
  • Khusrupur: Rs. 7700/8000

Global Outlook:

• Canada: Lentil production is expected to rise by 44%, reaching 26 lakh tonnes in 2024-25, driven by increases in red lentil, green lentil, and other types. India, Turkey, and the UAE are the top importers. Canada’s outstanding stocks are forecasted to rise to 4.8 lakh tonnes.
• US: The lentil sowing area is expected to increase by 71%, and US lentil production is estimated to reach 4.3 lakh tonnes, up by 66% from the previous year.

The combination of strong supply from imports, especially from Canada and the US, and weak domestic demand has led to the price reductions observed across various regions in India.