Mumbai, 06 May 2024 (Commoditiescontrol): Steady trading activity witnessed across major markets for urad and urad dal amid regular arrivals. On Monday, 1500 quintals of new urad arrived in Jabalpur, Madhya Pradesh, fetching prices ranging from Rs 9200 to 9600 per quintal. Additionally, 200 quintals of old urad were also introduced to the market, priced between Rs 8100 to 8600 per quintal, depending on the quality.
Price quotes from Myanmar held steady amid select demand and a limited pipeline. Demand for the imported material reported strong following a recent price drop. Resale prices showed a marginal fall, while imported quotes were reported higher by Rs 25 per quintal at Chennai markets. Elsewher, prices remained stable.
Market analysts predict short-term stability in domestic urad prices. This stability stems from constrained supplies following reduced domestic production. While the summer crop could ease prices, an expected surge in demand with the monsoon season's cooler temperatures will likely counterbalance this effect. Nonetheless, Burma urad supply and pricing will remain the primary determinants of overall urad supply and prices in Indian markets.
Spot Urad Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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