Weekly Review-Lentil

04-Jan-2025 07:58 PM

Lentil prices rise due to improved demand

  1. General Trends:

    • Lentil prices saw an upward trend, mainly driven by limited arrivals in the producing markets, alongside increased activity from dal millers and stockists.
    • Australian lentils faced a sluggish export demand, leading to stable prices around $700 per tonne. No price fluctuations were observed in the C&F prices of Australian lentils.

  2. Prices in Key Markets:

    • Mumbai:
      • The prices remained stable due to weak buying activity, with no increase or decrease noted.
      • Prices remained around Rs 5850 for Mundra, Rs 5900 for Hazira, Rs 6100 for container Canada, and Rs 6100-6150 for Australian lentils per quintal.
    • Kolkata:
      • Lentil prices saw a slight drop of Rs 50 per quintal, with Canada and Australia prices settling at Rs 6200-6250 and Rs 6250-6300 per quintal, respectively.
    • Delhi:
      • Lentil prices increased by Rs 75-100 per quintal due to weak stockist selling and sluggish buying, with weekend prices of Rs 6650 for Choti Kota, Rs 6950 for Bundi, Rs 7000 for Uttar Pradesh, and Rs 6725 for Desi Badi.
    • Madhya Pradesh:
      • Increased buying led to a rise of Rs 50-100 per quintal, with prices varying by region, for example, Ashoknagar Rs 6000/6100, Sagar Rs 5700/6100, and Damoh Rs 5700/6400.
    • Uttar Pradesh:
      • Prices remained unchanged due to weak buying and selling activity. Weekend prices included Rs 7000 for Bareilly small, Rs 6600/6625 for thick varieties, Rs 6500 for Kanpur, and Rs 5700/5850 for Lalitpur thick varieties.

  3. Regional Insights:

    • Bihar:
      • Bihar’s Masoor prices rose by Rs 100 per quintal, with Barh, Khusrupur, and Mokama reaching Rs 6700 and Rs 6600-6700 per quintal, respectively.
    • Raipur:
      • Raipur's Masoor prices decreased by Rs 50 per quintal, with a weekend price of Rs 6200 per quintal.

  4. Masoor Dal:

    • Masoor Dal prices saw a rise of Rs 100 per quintal due to improved demand, with prices in Indore, Barh, and Khusrupur ranging from Rs 7500 to Rs 7900 per quintal.

Conclusion: The lentil market is showing signs of upward pressure, mainly driven by strong domestic demand and active buying from millers and stockists. However, sluggish export activity, especially for Australian lentils, has kept international prices stable.

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