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Urad Trade Weak At Chennai

17 Aug 2019 2:19 pm
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MUMBAI (Commoditiescontrol) – Burma urad FAQ/SQ old variety traded weak in ready deals at the Chennai market in Tamil Nadu on Saturday as buyers were not interested to purchase at higher rates due to cash crunch and limited demand for processed Urad.

However, millers were active at lower rates for immediate crushing requirement.

Urad old SQ/FAQ variety traded lower by Rs 50-100 each at Rs 5,775-5,800/100Kg and Rs 4,600-4,625, respectively in ready delivery as per condition.

Urad New SQ variety also traded weak by Rs 25 at Rs 5,950-5,975/100Kg in ready delivery as per condition. While, FAQ variety priced flat at Rs 4,850-4,875.

However, prices are likely to get support due to rain in Urad producing, which are likely to affect standing pulses crops of Urad, resulting in lower yield and degradation in quality.

Moreover, further depreciation of Rupee from current level will also make import costlier.

(By Commoditiescontrol Bureau: +91-22-40015513)

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