Weekly Review-Lentils
02-Dec-2024 07:30 PM
Lentil prices fall due to sluggish demand
Weekly Review of Lentil Prices
Lentil Price Trends: This week, lentil prices experienced a mix of bullish and bearish trends. Prices fluctuated due to factors such as availability and increased selling pressure.
Harvesting Issues in Australia:
- The lentil harvest in Australia has been disrupted by rains, making it difficult for farmers to deliver their crops. This has added some volatility to the market.
Stability in Canada:
- Canadian lentil prices showed stability compared to last week. The price of red lentils stood at 33-34 cents per pound, large green lentils at 61-62 cents per pound, and small green lentils at 53-55 cents per pound. However, Canada faces competition from Australia in the global lentil market.
Impact on India’s Imports:
- Canada's lentil exports to India are expected to decline this year compared to last year, as India continues to rely on other sources.
Mumbai Prices:
- Lentil prices in Mumbai fell by Rs. 50/100 per quintal. As a result, prices at the weekend were:
- Mundra: Rs. 5850 per quintal
- Hazira: Rs. 5925/50 per quintal
- Container Canada: Rs. 6050 per quintal
- Australia: Rs. 6100/6150 per quintal
- Lentil prices in Mumbai fell by Rs. 50/100 per quintal. As a result, prices at the weekend were:
Kolkata Prices:
- Similar trends were seen in Kolkata, where prices dropped by Rs. 50 per quintal. By the end of the week, the prices were:
- Vessel: Rs. 6300 per quintal
- Container: Rs. 6325/6350 per quintal
- Similar trends were seen in Kolkata, where prices dropped by Rs. 50 per quintal. By the end of the week, the prices were:
Delhi Prices:
- In Delhi, sluggish demand caused minor fluctuations in prices, ranging from Rs. 25-50 per quintal. The weekend prices were:
- Choti Kota: Rs. 6500 per quintal
- Bundi: Rs. 6850 per quintal
- Uttar Pradesh: Rs. 6900 per quintal
- Desi Badi: Rs. 6600/25 per quintal
- In Delhi, sluggish demand caused minor fluctuations in prices, ranging from Rs. 25-50 per quintal. The weekend prices were:
Madhya Pradesh Prices:
- In Madhya Pradesh, a combination of increased selling and weak demand led to a Rs. 50 per quintal drop in prices. The weekend prices were:
- Ashoknagar: Rs. 5800/5900 per quintal
- Sagar: Rs. 5600/6000 per quintal
- Damoh: Rs. 5700/6250 per quintal
- Indore: Rs. 6000 per quintal
- Katni: Rs. 6575/6600 per quintal
- In Madhya Pradesh, a combination of increased selling and weak demand led to a Rs. 50 per quintal drop in prices. The weekend prices were:
Uttar Pradesh Prices:
- Similar trends were observed in Uttar Pradesh, with a decline of Rs. 25-50 per quintal due to sluggish demand. The weekend prices were:
- Bareilly Chhoti: Rs. 7000 per quintal
- Moti: Rs. 6600 per quintal
- Kanpur: Rs. 6525 per quintal
- Lalitpur Moti: Rs. 5800/5950 per quintal
- Chhoti: Rs. 6100/6200 per quintal
- Similar trends were observed in Uttar Pradesh, with a decline of Rs. 25-50 per quintal due to sluggish demand. The weekend prices were:
Bihar and Raipur Prices:
- Bihar saw a Rs. 50 per quintal drop, with prices at:
- Barh: Rs. 6650 per quintal
- Khusrupur: Rs. 6600 per quintal
- Mokama: Rs. 6650 per quintal
- Raipur lentil prices remained stable at Rs. 6200 per quintal.
- Bihar saw a Rs. 50 per quintal drop, with prices at:
Masoor Dal Prices:
- Masoor Dal prices were stable due to weak demand and no major changes in prices. The prices at the weekend were:
- Jalgaon: Rs. 7500 per quintal
- Indore: Rs. 7550 per quintal
- Barh: Rs. 7700/8000 per quintal
- Khusrupur: Rs. 7700/8000 per quintal
- Masoor Dal prices were stable due to weak demand and no major changes in prices. The prices at the weekend were:
Summary: The week saw a decline in lentil prices across most regions, primarily due to sluggish demand, increased selling, and the availability of imported lentils. However, there were some price fluctuations in various markets, and while the Canadian market remained stable, Australia's rain-affected harvest could potentially lead to supply issues in the coming weeks.