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Burma Urad Move Higher In Mumbai

16 Nov 2019 1:54 pm
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MUMBAI (Commoditiescontrol) – Burma Urad moved higher during early trade session in Mumbai pulses market on Saturday as millers were active in purchasing imported Urad at lower rates on immediate requirement for crushing.

Sellers also refrained to liquidate imported Urad at lower rates due to shortage of ready stock in Mumbai and also they believe that supplies will not be sufficient to meet the domestic demand as the local crop has failed.

Moreover, domestic arrival has failed to gather pace and quality is also not satisfactory in this situation they have to depend on imported urad.

Demand and sale counter in Urad dal was reported to be slow.

But shortage in domestic crop and some short position in forward contracts is likely to keep urad prices steady to firm in the near term.

Urad FAQ new/old variety gained each by Rs 50 to Rs 7,850/100Kg and Rs 7,650, respectively.

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


       
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