MUMBAI, Nov 30 (Commoditiescontrol): Burma Urad continued downward journey by Rs 25-75/100Kg at Delhi and Mumbai tracking Mynamar falling price, thin mills purchase as offtake in processed Urad below expectation, cheap supply from Burma at regular interval and ongoing arrivals of new Kharif domestic variety.
Millers at domestic markets were sidelined for purchasing new kharif Urad due to continue fall in price of Burma Urad and sluggish counter in Urad dal despite winter period.
At Burma, Urad FAQ-SQ variety declined by $5-$10 each to trade at $770 & $875 per metric ton on CNF basis for Mumbai as sellers active. As per local trader, more fall is likely in Urad as stockiest were still holding old crop stock around 1 to 1.5 lakh tonnes. Meanwhile, Today, local currency Kyat flat against the U.S. dollar. It stood at 2900 Kyat/dollar similar during the previous closing.
At Chandausi, new Urad extend fall by Rs 50 at Rs 6,900/100Kg as millers iactive to purchase following weak cues from imported Urad.
Branded processed Urad dal slipped down by Rs 100/100Kg at Mumbai APMC market due to sluggish offtake.
Spot Raw Black Matpe (Urad) Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-22-40015513)
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