📊 Lentil Market Dynamics: Navigating Through Price Fluctuations and Supply Constraints
Last month, the lentil market experienced significant volatility, particularly in the urad segment, characterized by a sharp downturn due to weak customer demand despite limited stock availability. As traders and millers navigate through these challenging conditions, the market sees a mix of stable procurement costs and rising future prices, suggesting a cautious optimism for stabilization.
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Lentils dried
Red football
FOB 2.48 €/kg
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Lentils dried
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FOB 1.64 €/kg
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Lentils dried
Eston Green
FOB 1.51 €/kg
(from CA)
📈 Current Market Prices
| Type | Price ($/kg) | Previous Price ($/kg) | Change (%) |
|---|---|---|---|
| Red Football | 2.47 | 2.46 | +0.41% |
| Laird, Green | 1.63 | 1.62 | +0.62% |
| Eston Green | 1.50 | 1.49 | +0.67% |
| Small, Green (Organic) | 1.47 | 1.49 | -1.34% |
| Small, Green | 1.33 | 1.36 | -2.21% |
📉 Market Drivers
- Weak demand for split dal significantly impacted urad prices.
- Speculative activities are influencing market confidence and price stability.
- Stock depletion with no immediate domestic arrivals expected.
🌦️ Weather Forecast & Impact
Upcoming weather conditions in major lentil-producing regions like Madhya Pradesh are expected to be favorable, which might support the crop’s growth but could delay market recovery if yields are high.
🔮 Price Forecast
Given the current market dynamics, prices are expected to fluctuate within a narrow range. Speculative activities and the upcoming crop reports will be crucial in setting the trend.