Rising Arrivals and Weak Demand Weigh on Lentil Prices, Delhi Sees Uptrend

This week, the lentil market saw a softening of prices due to a combination of increased supply and weaker demand. New crop arrivals in the mandis of Madhya Pradesh and Uttar Pradesh have been gradually rising, as farmers begin to sell their produce, leading to an increase in daily arrivals. However, millers and large buyers are purchasing only as per their immediate needs, keeping the market subdued. Imported lentils also experienced a price drop of ₹25–50 per quintal, with prices at Mundra, Hazira, and for container shipments from Canada and Australia falling to ₹5,525–5,800 per quintal. In Kolkata, Australian lentils remained stable at ₹5,650, while Canadian lentils held steady at ₹5,600 per quintal. In Delhi, increased buying activity pushed prices for both large and small lentils higher. Large lentils rose by ₹50, while small lentils saw an increase of ₹100–150 per quintal. Prices for small Kota lentils reached ₹6,800, Bundi at ₹7,450, and UP origin lentils at ₹7,550 per quintal. On the other hand, prices in Madhya Pradesh dropped by ₹100–200 per quintal, with Ashoknagar and Bina at ₹6,000, Ganjbasoda at ₹6,100, and Sagar at ₹6,000 per quintal. Similarly, Uttar Pradesh also saw a decline, with small lentils falling by ₹100 and large lentils by ₹50 per quintal. Bihar, too, witnessed a ₹100 decrease in prices, with Barh at ₹6,200, Khusrupur at ₹6,100, and Mokama at ₹6,200 per quintal. Prices in Raipur fell by ₹50, reaching ₹5,800 per quintal. Lentil dal prices also saw a ₹100 dip in various markets, with Indore pricing at ₹6,700–6,800 per quintal and Barh at ₹7,200–7,500 per quintal. In Chandausi, the prices were notably higher at ₹10,000 per quintal, while Hyderabad saw prices at ₹7,350 per quintal. The international market reflected similar trends, with prices for Western Canadian red lentils falling by 1 cent to 25 cents per pound, while No. 2 green lentils remained stable. Supplies from Australia, Russia, and Kazakhstan, coupled with the anticipated increase in rabi pulse arrivals in India, have kept global sentiment under pressure. Analysts predict that, given the adequate availability of lentils, limited demand, and the expected surge in arrivals after the Holi festival, prices are likely to remain stable or face further weakness in the near term.

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