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Urad FAQ Extends Fall In Mumbai

25 Feb 2020 3:00 pm
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MUMBAI (Commoditiescontrol) – Burma Urad FAQ old/new variety continued to dip further during mid session trade at Mumbai pulses market, on Tuesday, following weak cues from Chennai.

Urad FAQ old/new variety fell further each by Rs 25 to Rs 6,200/100Kg and Rs 6,350, respectively.

Sluggish offtake in Urad dal/gota variety and fresh overseas supply at lower landing cost. There happens to be no buyer active, even, at lower rates.

Market is observing caution in ready trade at prevailing rates, tracking weak prices in forward deals in Chennai, new domestic arrivals in Andhra Pradesh (Srikakulum district) and upcoming arrivals from Prakasham/krishna district soon.

Meanwhile, Jaipur High Court postponed the hearing on pulses import restriction till March 6, 2020. The hearing is regarding non-issuance of Customs clearance to containers of urad imported against the stay order.

Jaipur High Court has given an option to the importers/DGFT to take their case to the Supreme Court.DGFT has moved to Supreme Court for the same. Importers have filed cases in various High Courts for stay orders. DGFT has requested High Courts to transfer all these cases to Supreme Court, so the hearing can happen at one place. If Supreme Court admits case for hearing, it will mean more time for the decision to take place.

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


       
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