Login ID:
Password:
Partner Login
Contact Us : 7066511911

Burma Urad Settles On A Weak Note In Mumbai/Chennai

25 Feb 2020 5:55 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Burma Urad continued to move downwards during closing session at Mumbai and Chennai pulses market, on Tuesday, due to sluggish offtake in Urad dal/gota variety and overseas supply at lower landing cost. There was barely any buying activity, 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.

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



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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Pulses Import Restrictions To Continue For FY 21- Comm ...
Long/Short Quantity Position In NCDEX Chana On 27th Mar...
Balance Stock Of Pulses Under PSS With NAFED As On 26 M...
Ukraine's Peas/Wheat Harvest Likely To Rise In 2020
Balance Stock Of Pulses Under PSS With NAFED As On 25 M...
more
Top 5 News
Pulses Import Restrictions To Continue For FY 21- Comm ...
Long/Short Quantity Position In NCDEX Chana On 27th Mar...
Swiss Gold Refinery Valcambi Shuts Plant Until 5th Apri...
LME - Warehouse Stock Movements – 30th March
Lockdown Affects India's Edible Oil Demand; Consumption...
Top 5 Special Reports
USD/MYR
USD/CNY & USD/IDR
USD/ARS & USD/BRL—
CRB Index & U.S. Dollar Index
USD/INR (Apr. ’20) – Pullback Underway / Testing a Shor...
Copyright © CC Commodity Info Services LLP. All rights reserved.