This week the prices declined by Rs. 200~300/q. The buying in the mandis was very less. Selling of pigeon peas split is also weak due to a lack of demand in pulses.
The arrival in the mandis is very less and now the remaining stock is of low quality.
With this, Lemon ready in Chennai opened from Rs.10,000/q on Monday and fell to Rs.9800/q by Saturday.
Gajri was trading at $1,000 for September-October on Monday, but fell to $950 by Saturday due to weak demand.
According to the traders, everyone is trying to adjust their stock to abide to the stock limit leading to extremely weak buying, but improvement might be seen in a couple of days.
Monsoon is delayed by 20 days in Karnataka. Although it rained a bit yesterday. Sowing will now start in Gulbarga, Bidar, Raichur, Bijapur, Feram, and Yadgir regions.
Due to delay in rains, farmers have sown cotton in the Deglur region. There is a possibility of delay in the pigeon peas crop this time.
For a few days, there will be slight softening in the market, however, in the first week of July, the price is expected to increase due to good demand.