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Burma Urad Extends Rise in Major Mkts, Polished Variety Moves Up in A.P.

13 Aug 2020 5:08 pm
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MUMBAI (Commoditiescontrol) – Burma Urad extended rise of Rs 50-200/100Kg in Chennai, Delhi and Kolkata on Thursday due to better mill buying for immediate crushing requirement against limited ready stock.

Similarly, Polished Urad gained Rs 50-100/100Kg at Guntur and Vijaywada markets of Andhra Pradesh amid millers' trade activity following firm trend in imported Urad.

However, thin offtake was witnessed in processed Urad.

As per Burma based local trader, direct vessel for India (Chennai) is expected on 21st August. Approximately 600 containers of Urad are likely to be loaded in vessel against Urad Import Annual Quota Of 4 lakh MT.

Around 100 containers of Urad SQ have been shipped for India (Chennai) yesterday. Urad SQ traded at $860 per metric ton on CNF basis.

Buyers were interested in purchasing Urad FAQ at $725 per metric ton on FOB basis. But, sellers were not interested to sell below $735.

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

The allocated quantity is not expected to arrive until 31st August, 2020 against the annual quota license. Upto one lakh MT is expected to arrive, as of now.

Millers who received import quota licenses are surrendering their licence to DGFT.

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.

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



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


       
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