Mumbai, 18 Apr 2024 (Commoditiescontrol): Urad prices in major Indian markets have stabilized following recent declines. This comes amidst strong demand and a dip in arrivals. Imported urad prices showed mixed trends, with SQ grade rising in Delhi but declining in Mumbai (FAQ) and Chennai (SQ). The Myanmar market, a significant source of urad, remains closed due to festive holidays.
Industry experts anticipate that the limited domestic urad supply will continue to support prices in the near future. The expected arrival of the summer crop in late May or early June could potentially ease prices. However, the government's ongoing vigilance in managing prices is expected to prevent any sharp increases.
Overall, subdued prices for urad are expected, as demand tends to soften during the summer months. The combination of limited supply and continued government price management efforts, point to a market with limited price fluctuations.
Spot Urad Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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