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Burma Urad FAQ-SQ variety quotes lower at Chennai, Delhi on thin mills buying

8 Aug 2022 4:33 pm
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Mumbai, 8 Aug (Commoditiescontrol): Prices of Burma Urad FAQ-SQ varieties eased at Chennai and Delhi market amid thin mills trade that was triggered by slack offtake of Urad dal, while favorable weather conditions for Kharif Urad crop boosted prospect of ample availability.

Moreover, supply from Burma is likely to increase due to the devaluation of the Burmese currency which makes the Burma export cheaper in Us dollar terms.

Kharif Urad crop conditions in Madhya Pradesh, Uttar Pradesh, and Rajasthan, are largely favourable. Some crop losses/damages are reported in Maharashtra due heavy rains fall in the region.

Maharashtra has been experiencing rains since Saturday. Incessant rains continued through Sunday and the region is likely to witness more rains in coming days. The weather Bureau has issued orange alert in several parts of Maharashtra; such as Vidarbha including Nagpur, Bhandara and Vardha for today and tomorrow. Also, even heavier rains have been predicted for Wednesday (August 10), due to which an orange alert has been issued in Nagpur, Vardha and Chandrapur.

In forward business at Chennai, Urad SQ is priced at Rs 8,400 for ready, Rs 8,450 for September and Rs 8,550 for October. Urad FAQ variety quoted at Rs 7,400 for ready, Rs 7,500 for september and Rs 7,600 for October.

Arrival of new Kharif Urad was reported at Solapur market. New Urad traded at Rs 8,181/100Kg with arrival of 1 truckload. At Jablpur market, summer crop Urad traded higher at Rs 5,000-7,900/100Kg due to good quality with regular arrivals 1500 bags. Each bag 100Kg.

Polish-unpolish Urad prices dropped by Rs 100 each at Rs 8,800/100Kg and Rs 8,300, respectively in Guntur markets of Andhra Pradesh. On the other hand, Urad gota variety offered at Rs 106,00/100Kg.

Meanwhile, Kharif pulses sowing in Gujarat is down 21.26% during 2022 season. As on 8th Aug, 2022, total area under Urad stood at 87,587 hectares Vs 151,671 ha, which down 42.25%.

At Burma, Urad SQ-FAQ quoted lower by $15 each at $1055 & $905 per metric ton on CNF basis for Mumbai as India buyers are inactive. As per local trader, availability of Urad stock is approximately 3.5 lakh tonne. One direct vessel on 15th August, 2022 expected to start loading pulses for Chennai.

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

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

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