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Burma Urad Slips Further In Mumbai

12 Nov 2019 5:00 pm
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MUMBAI (Commoditiescontrol) – Burma Urad slipped further in Mumbai pulses market on Tuesday following weak cues from Chennai, slack buying activity as demand and sale counter in Urad dal also reported slow.

Today trade activity was also reported slow as major domestic markets was closed due to Guru Nanak Jayanti.

Urad FAQ new/old variety fell further each by Rs 250 to Rs 7,450/100Kg and Rs 7,300, respectively.

Millers were active in purchasing imported Urad at lower rates on immediate requirement for crushing due to shortage for daily operation as domestic arrivals were less and average quality.

As per market sources, there are many forward trade outstanding for which delivery is still to be given. And there is possibility of defaulting these forward contract, if it happen so, we may see further short covering at current prices which may push prices of Urad further.

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

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