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Masoor (Lentils) News - Masur Market Is Likely To Move In Limited Range As offtake is Weak
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Masur Market Is Likely To Move In Limited Range As offtake is Weak

 
Masur market is expected to move in narrow range. The market lacks the buying support at this point of time.Agriwatch does not see any spike in the near to medium term.The crop condition in  Canada is excellent while Australia crop too would be similar to last year.If weather remains favorable, production may exceed the level of last year.The CiF quotes are almost stable at $945-60.There is  gossip in the market that forward deal for Canadian crop might be in the range of $760-75  for sep-oct delivery.Even if forward deals are struck at $800,prices would decrease in the domestic market.Stockists/Traders may start selling Masur once prices move by Rs 100-200.So it is better for the stakeholders to go with running business rather than to hold stock for any spike.