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Burma Urad/Domestic Variety New Remain Weak In Major Mkts

26 Sep 2020 3:44 pm
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MUMBAI (Commoditiescontrol) – Burma Urad declined by Rs 50-200/100Kg in Chennai, Mumbai and Delhi on Saturday.

Cautious trade was reported in Urad at existing rates as news is making rounds in market, that government will allocate quota to millers/refineries soon due to shortage of Urad.

If the government allocates quota or gives further extension, prices in Burma market will move higher and import parity would also be higher, in that case. Urad stock in Burma was reported around 2.5-3 Lakh tonnes approximately.

Moreover, FCI will commence the auction of old procured Urad 2018-19 around 3,585 MT in Maharashtra and 451 MT in Andhra Pradesh from Monday throuh NeML.

Urad prices had moved higher last fortnight because of damage to the standing crop on account of continuous rains, yield and quality of Urad affected, fresh hike in the MSP by the government despite report of higher kharif output in the country this year and record production estimates.

Similarly, new domestic variety Urad also traded lower Rs 100-300/100Kg, as per quality at major markets on thin mills' buying, ongoing arrivals and following weak cues in imported Urad.

Southern and North Indian millers are actively purchasing good quality new Urad with lesser moisture content from Maharashtra.

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

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

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