Weekly Review-Lentil

22-Feb-2025 08:04 PM

Lentil prices fall due to increased selling pressure

The weekly review of lentil prices indicates a downward trend across various regions due to a combination of factors, including increased selling pressure, sluggish demand, and a good harvest outlook. Here's a summary of the key points:

Key Drivers:

  1. Increased Selling Pressure: Stockists have been selling lentils, adding downward pressure on prices.
  2. Weak Demand: There is sluggish buying activity, especially from millers.
  3. Good Crop Outlook: The domestic crop is looking strong, and production is expected to reach 17 lakh tons, which has contributed to the decline in prices.
  4. Import Situation: Imports are expected to continue until March 31, 2025, with the possibility of an extension. Import volumes were high last year and are expected to be strong this year as well.

Regional Price Movements:

  • Mumbai: Prices fell by Rs. 100-150 per quintal. The weekend prices were:
    • Mundra: Rs. 5900/5925
    • Hazira: Rs. 6000/6050
    • Canada and Australia: Rs. 6200
  • Kolkata: Lentil prices fell by Rs. 150 per quintal. Weekend prices:
    • Canada: Rs. 6000
    • Australia: Rs. 6125
  • Delhi: A decline of Rs. 100-200 per quintal was observed, with weekend prices at:
    • Choti Kota: Rs. 6300
    • Bundi: Rs. 6750
    • Uttar Pradesh: Rs. 6850
    • Desi Badi: Rs. 6425
  • Madhya Pradesh: Weak demand led to a decline of Rs. 50-100 per quintal, with weekend prices at:
    • Ashoknagar: Rs. 5700/5800
    • Bina: Rs. 5800/6200
    • Sagar: Rs. 5400/5900
    • Damoh: Rs. 5500/6250
    • Indore: Rs. 6000
    • Kareli: Rs. 5550/6035
    • Katni: Rs. 6400
  • Uttar Pradesh: A decrease of Rs. 50-100 per quintal was noted, with weekend prices:
    • Bareilly (small): Rs. 7000/7050
    • Bareilly (thick): Rs. 6500
    • Kanpur: Rs. 6450
    • Lalitpur (thick): Rs. 5700/5800
    • Lalitpur (small): Rs. 6000/6100
  • Bihar and Raipur: Prices remained stable due to normal demand, with weekend prices at:
    • Bihar (Barh): Rs. 6600
    • Bihar (Khusrupur): Rs. 6500
    • Bihar (Mokama): Rs. 6600
    • Raipur: Rs. 6200

Masoor Dal:

  • Masoor Dal prices also declined by Rs. 50-100 per quintal due to the falling price of masoor and weak buying. Weekend prices were:
    • Indore: Rs. 7400/7600
    • Barh: Rs. 7600/7900
    • Khusrupur: Rs. 7500/7800

The downward price movement in lentils can be attributed to the combination of good domestic production and slow demand, further exacerbated by strong imports in the previous year.

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