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Heavy Rains, Millers’ Demand Takes Urad Prices Higher

2 Dec 2019 9:26 pm
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Mumbai (Commodities control) – Domestic Urad moved higher at major markets on Monday due to fresh millers buying support at lower rates, despite ongoing arrivals. A firm trend was noticed in imported variety, as well.

Burma origin Urad gained at Chennai, Mumbai, Delhi and Kolkata markets due to active demand by the millers at lower rates on immediate crushing requirements. This happens in the backdrop of the arrival of Kharif Urad failing to gather pace, even as the quality is unsatisfactory.

Meanwhile, heavy rains in Tamil Nadu, Andhra Pradesh and a flood alert issued by the MET Department supports the price. The new crop is likely to arrive in Tamil Nadu next month and it’s the harvesting period of Urad in Andhra Pradesh.

Forward outstanding trades for November delivery contract is nearly squared off. While, the fresh buying momentum is witnessed by speculators and stockiest at lower rates in the market, as they believe the supplies will be insufficient to meet the domestic demand if the local crop fails.

However, buyers were cautious at higher rates due to slower off-take in processed Urad. Liquidity crunch, and overseas supply, along with arrival of domestic Urad in various districts of Andhra Pradesh may keep a check on rising prices.

Balance stock with Nafed under PSS as on 28 November 2019 is around 199787.78 MT.

Spot New Raw Black Matpe ( Urad) Prices In Key Indian Markets:

State Mandi Sub_Var1 Arrival Price Specifications Prev_Arrival Prev_Price
Maharashtra Ahmednagar Desi 500Bags(100kg) 7500/8500 Mandi 500Bags(100kg) 6800/7800
Maharashtra Akola Desi 150Bags(50kg) 3000/6000 Mandi 150Bags(50kg) 3000/6000
Maharashtra Akola Bilty 6500/6800 Bilty 6500/6800
Maharashtra Barshi Desi 500Bags(50kg) 4000/7500 Mandi 500Bags(50kg) 5000/7000
Maharashtra Daryapur Desi 100Bags(100kg) 4500/5500 Mandi 100Bags(100kg) 4500/5500
Maharashtra Dudhani Desi 25Bags(100kg) 6000/7000 Mandi 25Bags(100kg) 6000/7000
Maharashtra Jalgaon Desi 6700/7200 Bilty 6500/7000
Maharashtra Jalna Desi 4700/6299 Mandi 4700/6600
Maharashtra Washim Desi 100Bags(100kg) 5000/6000 Mandi 100Bags(100kg) 4500/6000
Maharashtra Latur Desi 1500Bags(50kg) 6000/7800 Mandi 1500Bags(50kg) 6000/7700
Maharashtra Khamgaon Desi 4000/6000 Mandi
Madhya Pradesh Narsinghpur Desi 200Bags(100kg) 3000/5500
Madhya Pradesh Neemuch Desi 200Bags(100kg) 3500/5500 Mandi 200Bags(100kg) 3500/5500
Madhya Pradesh Indore Desi 6400/7000 Bilty 6400/7000
Madhya Pradesh Sagar Desi 100Bags(100kg) 3500/4500 Mandi 80Bags(100kg) 3500/4500
Madhya Pradesh Tikamgarh Desi 4000/5500 Mandi 4000/5500
Karnataka Bidar Desi 1000Bags(100kg) 6000/7300 Mandi
Karnataka Gulbarga Desi 7000/7500 Mandi 600Bags(100kg) 7000/7500
Andhra Pradesh Guntur Maharashtra Line 7000 Bilty
Rajasthan Kekri Desi 700Bags(100kg) 5500/7100 Mandi 600Bags(100kg) 5500/6700
Rajasthan Kota Desi 3500Bags(100kg) 4000/6500 Mandi
Uttar Pradesh Chandausi Desi 300Bags(100kg) 6400/6450 Bilty
Uttar Pradesh Jhansi Desi 300Bags(100kg) 3500/5000 Mandi
Uttar Pradesh Lalitpur Desi 2000Bags(100kg) 3000/4600 Mandi
Uttar Pradesh Orai Desi 50Bags(100kg) 4000/5000 Mandi

Spot Old Raw Black Matpe ( Urad ) Prices In Key Indian Markets:

State Mandi Sub_Var1 Arrival Price Specifications Prev_Arrival Prev_Price
Gujarat Dahod Desi 200Bags(100kg) 5000/6000 Mandi 200Bags(100kg) 5000/5700
Rajasthan Jodhpur Desi 7000/7500 Mandi
Andhra Pradesh Guntur Polish 7400 Bilty
Andhra Pradesh Guntur Unpolish 7100 Bilty
Andhra Pradesh Vijaywada Polish 7300 Bilty
Andhra Pradesh Vijaywada Unpolish 7100 Bilty
Maharashtra Mumbai FAQ 7100 Bilty 6500
Tamil Nadu Chennai FAQ 7150 Bilty 6650/6700
Tamil Nadu Chennai SQ 8000 Bilty 7650/7700
Delhi Delhi FAQ 7200/7225 Bilty 6900
Delhi Delhi SQ 8200/8225 Bilty 7900
Delhi Delhi Rajasthan Line 6400/6500 Bilty 6300/6400
West Bengal Kolkata FAQ 7000/7200 Bilty 6700/6900
International 1 Burma SQ (CNF$) 755 770
International 1 Burma FAQ (CNF$) 690 720
International 1 Burma FAQ in kyats (FOB) 995000 984000
International 1 Burma SQ in kyats (FOB) 1040000 1075000

Following Are The Rates Of Non-Branded Split Black Matpe (Urad Dal) In Various Indian Spot Markets:

State Mandi Sub_Var1 Price Prev_Price
Gujarat Dahod 9000/11000 9000/11000
Karnataka Gulbarga 10500 10500
Andhra Pradesh Guntur Urad Gota(Branded) 9500
Rajasthan Jodhpur 9800/10500
Maharashtra Latur 9300 9100
Maharashtra Mumbai 9650/9850 9500/9700

Following Are The Rates Of Branded Split Urad (Urad Dal) Traded At Mumbai APMC Market:

State Mandi Price Prev_Price
Rajasthan Bikaner 9650-9850 9500-9700
Maharashtra Jalgaon 9550 9400
Maharashtra Mumbai 9850 9700

State Urad
Andhra Pradesh 4539.04
Gujarat 11055.92
Karnataka 0
Madhya Pradesh 134297.62
Maharashtra 11078.08
Odisha 0
Haryana 0
Rajasthan 12462.32
Tamil Nadu 3160.06
Telangana 0
Uttar Pradesh 23194.74
Total 199787.78

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

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