Lentil Market Stability

10-Jan-2025 09:08 AM

Lentil Market Stability
International Prices:
Canada CNF lentils stable at $665/ton in January.
Australia lentils steady at $670/ton.
Domestic Prices:
Mumbai container prices:
Canada lentils at ₹6100 per quintal.
Australia Jumbo lentils at ₹6150 per quintal.
Mundra vessel: ₹5850, Hazira: ₹5900 per quintal.
Market Trends:
Prices across mandis are below MSP.
Stability observed in prices across most markets in January.
Domestic Production:
According to government data, lentil sowing is slightly weaker this year compared to last.
The new crop will take 30-40 days to arrive.
Crop condition is good.
Supply Outlook:
Availability from Canada and Australia is abundant.
Reduced demand for pulses in India, coupled with increased availability, could create price pressure in the future.
Market Advice:
Avoid trading in a bullish market for now.