MUMBAI (Commoditiescontrol) – Burma urad FAQ/SQ varieties traded lower at the Chennai market in Tamil Nadu on Friday as buyers were not interested to purchase at higher rates due to cash crunch and slow demand in processed Urad.
However, millers were active at lower rates for immediate crushing requirement due to limited imported ready stock and delay in overseas supply.
Buyers are cautious amid arrivals of summer crop and as Nafed is also active to liquidate old/new procured stock in selective states at lower rates as per quality.
Urad FAQ/SQ variety traded lower by Rs 50 each at Rs 4,500/100Kg and Rs 5,550, respectively in ready delivery as per condition.
Demand for processed urad remained thin from consumption centers.
(By Commoditiescontrol Bureau: +91-22-40015513)