Weekly Review-Peas

29-Mar-2025 09:03 PM

Peas prices fall due to weak buying


🟢 Weekly Review: Peas (Matar) 🟢

📍 Kanpur: Pea prices declined this week due to weak buying and increased selling pressure at higher prices. Stockists and millers limited their purchases, keeping prices under pressure.

📊 Market Highlights

📉 Pea Price Trends

✔ Imported Peas:

  • 📉 No change in prices despite weak demand

  • Mumbai Canada: ₹3650/3675

  • Russia: ₹3500/3525

  • Currency Canada: ₹3475/3500

  • Currency Russia: ₹3375/3400

✔ Domestic Peas:

  • 📉 Kanpur: ₹3700 (-₹25)

  • 📉 Lalitpur: ₹3200/3400 (-₹25/50)

  • 📉 Rath: ₹3300/3450 (-₹150)

  • 📉 Mauranipur: ₹3300/3400 (-₹75/100)

  • 📉 Orai: ₹3200/3400 (-₹50)

  • 📉 Madhya Pradesh:

    • Damoh: ₹3250/3340 (-₹50/100)

    • Bina: ₹3200/3250 (-₹50/100)

🍛 Pea Dal Price Trends

✔ Prices declined by ₹100/200 per quintal due to weak demand

  • Kanpur: ₹4050/4150

  • Indore: ₹4200/4350

🔮 Market Outlook

✔ Short-term: Higher arrivals and weak demand may continue to pressure prices.
✔ Mid-term: Possible acreage reduction (due to sugar tariff impact) may support prices later.
✔ Long-term: Global trade policies & sowing trends will be key price drivers.

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