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Burma Urad Extend Gains in Major Mkts

4 Jul 2020 3:18 pm
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MUMBAI (Commoditiescontrol) – Burma Urad traded higher for second straight day Rs 50-100/100Kg at Chennai, Delhi and Mumbai on Saturday due to better mills buying activity and less ready stock.

Buyers were active in both ready and forward business at Chennai.

Prices got support as upcoming supply from Burma till July end is below expectation against annual quota licence.

Supreme Court Hearing on the pulses import case to take place on 8th July.

However, purchase was limited as per immediate requirement due to thin offtake witnessed in processed Urad.

Government reduced the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.

All India Pulse Mills Association taking a serious note of frequent changes in import policies has urged the Union government to increase import duration of urad in the country from August 30, 2020 to March 31, 2021.

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

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

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