Login ID:
Password:
Partner Login
Contact Us : 7066511911

Burma Urad Weak In Key Markets

23 May 2020 2:39 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Burma Urad dropped Rs 50-100/100Kg at Chennai, Delhi and Mumbai, on Saturday, as sellers were active in the market amid sluggish offtake in processed Urad, and liquidity crunch.

Overseas supplies at Chennai port and summer crop arrivals is pressurising buyer sentiments.

Demand is impacted as Papad manufacturing units are closed due to lock down. Summers are the peak season for Papad manufacturing.

Domestic Urad traded weak, down Rs 100-200/100Kg, at Jalgaon and Jaipur market amid slack millers' demand, ongoing summer crop arrivals, following weak cues in imported Urad.

Moreover, DGFT extended the deadline for import of additional quota of 2.5 lakh tonnes Urad to May 31, 2020, against quota allocated for the year 2019-20.

As per traders, regular upcoming supply from overseas will keep Urad prices range bound.

Meanwhile, Supreme Court has pushed the date of hearing on pulses import restrictions till July 10, 2020. Jaipur High Court has ordered to shift all cases to Supreme Court, so hearing can be at one 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
Chana Declines At Selective Spot Markets
Domestic Tur Dips In Selective Mkts
Moong Traded Weak At Selective Mkts
Branded Processed Pulses At Mumbai APMC Market- 10th Ju...
Burma Urad FAQ Variety Eases At Chennai; Steady Elsewhe...
more
Top 5 News
ICE Cotton Settles Higher after USDA Cuts Output, Stock...
ICE Raw Sugar Ends at 1-1/2 Week Low on Ample Supply, D...
CBoT Soybeans Settle Lower on Expectations of Better U...
Indian soybean meal export dips to 5.73 lakh tons
Turmeric Trades Steady In Major Sport Markets
Top 5 Special Reports
USD/INR (Jul 20) Counter-trend Bounce / Key Resistan...
USD/INR (Jul 20) Counter-trend Bounce / Key Resistan...
USD/INR (Jul 20) Weak Price Trend / More Downside Pr...
USD/INR (Jul 20) Bearish Breakout from a Descending ...
CBoT Soybean Reaches 4-Months High on Dry, Hot U.S. Wea...
Copyright © CC Commodity Info Services LLP. All rights reserved.