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Burma Urad SQ Variety Drops At Chennai; FAQ Variety In Delhi

11 Jul 2020 5:00 pm
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MUMBAI (Commoditiescontrol) – Burma Urad SQ variety declined by Rs 25/100Kg at Chennai on Saturday.

Similarly, Burma Urad FAQ variety both old/new fell Rs 50/100Kg in Delhi due to slack millers' trade despite limited stock, following weak cues from Chennai. While, SQ variety priced unchanged against limited ready stock.

Miller purchases were slack despite lower ready stock of imported Urad as offtake in processed Urad reported negligible.

Upcoming supply from Burma till July end is below expectation against annual quota licence.

As per Burma local trader, direct vessel carrying 240 containers had departed from Yangon for India (Chennai). Around total 25000 tonnes may be load for India in July month against Urad Import Annual Quota Of 4 lakh MT.

India buyers were interested in purchasing Urad SQ variety at $800 per metric ton on FOB basis. But, still no trade was reported.

Still millers had not received import quota licence.

Supreme Court Hearing on the pulses import case to take place on 14th July.

Kharif sowing reported higher and new crop likely from September end in domestic markets.

Government reduced the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.

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



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


       
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