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Urad Settles Lower In Mumbai/Chennai

10 Dec 2019 5:55 pm
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MUMBAI (Commoditiescontrol) – Burma Urad settled lower at Mumbai and Chennai pulses market on Tuesday, as millers were less interested in purchasing at prevailing rates amid liquidity crunch and slower offtake in processed Urad.

This happens in the backdrop of non-issuance of clearance, by Customs Department, to the Urad containers stuck at various ports.

Market players were on the sidelines and will keep a close watch on the hearing of stay order of the Jaipur high court on December 16.

However, buying from millers, speculators and stockiest is likely to be seen at lower rates as they foresee supply shortage of Urad. The domestic arrivals are unlikely to gather pace due to kharif crop failure.

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



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


       
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