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Domestic Urad Slips In Rajasthan; Imported Variety Firm At Selective Markets

28 Jan 2020 8:58 pm
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Mumbai (Commodities control) – Domestic Urad traded weak at selected markets of Rajasthan on Tuesday, as per quality, due to weak buying at prevailing rates despite less arrivals.

On other hand, Burma Urad moved higher at Mumbai and Kolkata amid millers' buying support for immediate crushing requirement and less risk level to purchase, limited ready stock of imported Urad and shrinking domestic arrivals.

Millers were active in purchasing imported Urad for daily operations, as quality of domestic Urad is not satisfactory.

Supply of Urad gota for Chennai from Uttar Pradesh/Madhya Pradesh was reported less compare to last year.

Tikamgarh origin Urad gota traded at Rs 9,300-9,400/100kg for Chennai delivery and Rs 9,200-9,300/100Kg for Andhra Pradesh delivery as per quality.

Guntur origin Urad gota in spot traded weak by Rs 100 at Rs 9,700/100Kg.

However, demand and sale counter in processed Urad reported thin participation at prevailing rates. Although, buying is expected to emerge at lower rates in near future.

Meanwhile, Jaipur high court has postponed hearing on pulses import restriction till February 10, 2020 for Customs clearance issue to containers of urad which was imported against the stay order.

DGFT allocated 139 tonnes of quota per miller, for a total of 2.5 lakh tonnes of Urad imports.

As per trade source, urad prices are likely to get support from lower output, diminishing arrivals. Even the total supply of Urad from Burma, under quota, is unlikely to reach Indian port before March end due to delay in paper work.

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



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


       
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