The muted mood of the pulses processors and millers after governments intervention to check prices and higher production projections in third advance estimates released last month pounded buying sentiments in pan-India pulses markets.
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However, the markets have already digested the key factors that could impact raw and processed pulses prices, and supply-demand mismatch in pulses is still seen, which is a major factor supporting the optimistic price trend.
Besides, it will also measure monsoon’s progress and landing costs of imported pulses in the coming week to dictate the market trend in pulses as container charges are reportedly higher due to its shortage in the covid-19 pandemic season.
Major pulses like red lentil, Black gram, Chickpeas, and summer crop moong beans declined amid dull buying by millers purchase after government intervention.
|Commodity||Variety||05-Jun (Rs/100 kg)||29-May-21||22 May’21||05 June’20|