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Urad FAQ Trades Higher In Chennai, Lower In Mumbai

27 Feb 2020 1:33 pm
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MUMBAI (Commoditiescontrol) – Burma Urad FAQ variety moved higher during early trade session at Chennai pulses market, on Thursday, due to millers' fresh buying activity at lower rates.

The overseas supply at lower landing cost, thin offtake in Urad dal/gota, new domestic arrivals in Andhra Pradesh (Srikakulum/ Prakasham/ Krishna district) will likely lid the gains.

However, demand and sale counter in processed Urad is expected at lower rates soon for papad making during summer period.

Market is observing caution in ready trade at prevailing rates, tracking weak prices in forward deals in Chennai.

On the other hand, Burma Urad FAQ variety both old/new fell by Rs 25/100kg in Mumbai due to absence of millers buying interest.

Meanwhile, Jaipur High Court postponed the hearing on pulses import restriction till March 6, 2020. The hearing is regarding non-issuance of Customs clearance to containers of urad imported against the stay order.

Jaipur High Court has given an option to the importers/DGFT to take their case to the Supreme Court.DGFT has moved to Supreme Court for the same. Importers have filed cases in various High Courts for stay orders. DGFT has requested High Courts to transfer all these cases to Supreme Court, so the hearing can happen at one place. If Supreme Court admits case for hearing, it will mean more time for the decision to take place.

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

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

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