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Burma Urad Weak In Key Markets

23 May 2020 2:39 pm
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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)

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