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Burma Urad Firm in Mumbai; Sowing Up 20.77%

1 Aug 2020 5:48 pm
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MUMBAI (Commoditiescontrol) – Burma Urad gained Rs 50/100Kg at Mumbai on Saturday due to mill buying for immediate crushing requirement against limited ready stock.

However, thin offtake was witnessed in processed Urad.

As per Burma based local trader, direct vessel carrying 300-400 containers had departed from Yangon for India (Chennai) on 27th July.

Supreme Court has completed hearing On Pulses Import Restriction. As per sources, Judgement is reserved. Court has not fixed the date for judgement. Parties had filed brief written submission on 27th July, not exceeding five pages.

Kharif sowing is higher and new crops will likely arrive from September end in domestic markets.

India 2020-21 Kharif Urad Sowing Up 20.77 % as on July 29 At 33.38 Lakh Ha Vs 27.64 Lk Ha Last Year.

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

However, the allocated quantity is not expected to arrive till 31st August, 2020 against the annual quota license. Millers are yet to receive import quota licenses.

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



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


       
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