Domestic/Imported Urad Extend Losses At Major Markets

Mumbai (Commodities control) – Domestic Urad widen losses at major markets on Tuesday as per quality due to slow millers buying support against ongoing arrivals.

Similarly in early trade session, Burma origin Urad slipped at Mumbai, Chennai, Delhi and Kolkata market as millers opted hand to mouth policy due to liquidity crunch and not interested to purchase at prevailing rates. However, some lower level millers buying was witnessed during closed at Mumbai/Chennai.

Moreover, supply of Urad in containers from Burma is getting clearance by customs, further upcoming supplies in near future.

At Rajkot, new Urad T9 variety traded lower by Rs 200-250 at Rs 4,000-8,500/100Kg in local market with arrivals of 2000 bags. Each bag weigh 100Kg. As per local trader, superior quality T9 variety traded at Rs 9,300-9,400/100Kg on delivery basis for Virudhnagar, Madurai and Chennai.

Due to a sharp rise in Urad prices in recent past, some section of market participants fear that in order to control the prices government may issue fresh quota of Urad from the overseas market where there is ample old and new crop is available. But other section of market belives that government will not interfere in the market and let Urad prices remain high as it has helped improve sentiment in other pulses prices mainly Tur.

Arrivals for tur new crop is expected to start from next month and due to sharp rally in Urad prices, Tur prices have also improved and managed to trade near MSP. In this scenario the government will not like to spoil the sentiment otherwise it will impact tur prices as well and may pull it below MSP and make it obligatory to procure it from farmers at MSP.

Buying interest from millers were seen in purchasing imported Urad at lower rates on immediate requirement for crushing as domestic arrival has failed to gather pace and quality is also not satisfactory in this situation they have to depend on imported urad.

Speculators and stockiest were active at lower rates in the market as they believe that supplies will not be sufficient to meet the domestic demand as the local crop has failed.

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

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

Following Are The Rates Of Non-Branded Split Black Matpe (Urad Dal) In Various Indian Spot Markets:

Following Are The Rates Of Branded Split Urad (Urad Dal) Traded At Mumbai APMC Market:

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