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Masoor (Lentils) News - Masur Arrival Is Likely To Increase ,Downward Correction Awaited
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Masur Arrival Is Likely To Increase ,Downward Correction Awaited

As lentil prices are ruling above MSP, Nafed may plan to buy lentils at market prices asprices are unlikely to decrease much. The arrival pace may increase in the coming weeks and prices may cool down by Rs 250-300 from the current level. The crop size (11.73 lakh MT against 13.49 lakh MT preliminary estimates) is lower and import will continue despite 30 % duty and cess. Right now lentil is ruling at Rs 5700-5800, which may come down to Rs 5400-5500. With the rising temperature and the Ramzan and marriage season, demand may improve and it will not allow the market to decrease beyond a certain level.