Weekly Review-Peas
02-Dec-2024 07:39 PM
Buying of peas remains calm due to availability
Weekly Review of Peas Market:
The buying of peas has remained subdued this week due to the steady availability of imported peas at various ports. The market witnessed a mix of bullish and bearish trends in pea prices, influenced by sluggish demand and the arrival of imported peas.
A key factor affecting the market was the arrival of a vessel from Canada, M.V. MAIA, at Hazira Port on 01.12.2024. The ship brought in 40,899.24 tonnes of Canadian yellow peas and 36,100.76 tonnes of Canadian red lentils. The increased availability of imported peas led to price fluctuations, with prices experiencing a rise and fall of Rs 25/50 per quintal.
Price Trends for Imported Peas:
- Canada: Rs 3550-3600 per quintal
- Russia: Rs 3400 per quintal
- Currency Canada: Rs 3375-3400 per quintal
- Russia: Rs 3325-3350 per quintal
In Kanpur, pea prices also saw some fluctuation, with a rise and fall of Rs 25/50 per quintal, closing the week at Rs 3725-3750 per quintal. Similarly, Lalitpur witnessed a decline of Rs 100 per quintal, with prices settling at Rs 3200-3350 per quintal. In Mahoba, no movement in prices was recorded, and the price remained stable at Rs 3300-3400 per quintal, while Mauranipur saw no significant change either, with prices holding steady at Rs 3200-3300 per quintal.
In Madhya Pradesh, there was also no change in pea prices. The prices in Damoh remained stable at Rs 3300-3360 per quintal, and in Bina, the price stayed at Rs 3300-3400 per quintal.
Peas Dal Market: The demand for peas dal remained weak, resulting in stable prices for peas dal. At the end of the week:
- Kanpur: Rs 4100-4150 per quintal
- Indore: Rs 4250 per quintal
Overall, the pea market experienced limited movement due to sluggish demand, despite the arrival of imported peas.