India: Pigeon Pea Production Is Expected to Be Higher This Year

Pigeon Pea Market Scenario 

• Compared to last year, pigeon pea production is expected to be better this year. The exact quantity can be determined when the new crops hit the market.
• Reports suggest that the current demand for the commodity is not as high as expected. Hence the price for the pulse is unlikely to go up anytime soon.
• Currently, the average price of the pulse is between $0,83 and $0,84 per kg.
• The African variety is available at $0,71 per kg, while the Burmese type is sold for $0,78 to $0,84 per kg.
• The demand and supply for the commodity are now at an equilibrium position. However, if the order drops any further, the price can decrease by $0,01 to $0,02 per kg in the coming days.
• According to experts, the current scenario and even the market’s bearish trend will change with the arrival of the festivals.
• As the new crop arrives in the market and with the festivities starting from September onwards, the activity for the pulse will increase around August.
• It will result in a price increase of $0,07 per kg.
• At the beginning of the new season for the commodity, the price increased to $0,91 per kg last year. This year once again, it can reach the same level, as per experts.

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