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Burma Urad extend gain in Delhi, Masoor drops

16 Sep 2021 2:10 pm
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Mumbai, 16 Sep (Commoditiescontrol) – Burma origin Urad prices moved higher for second straight day in a row at Naya bazaar pulses market of Delhi, on Thursday, amid better local buying support. On other hand, Masoor prices dropped on slack mills purchase at higher rates.

Moreover, some action in processed pulses witnessed ahead of the festival season from retail counters.

Burma Urad SQ varieties both old and new gained each by Rs 50 to Rs 8,250-8,275/100Kg and Rs 8,300-8,325, respectively on improved mills buying support and damage in new Kharif crop at major producing centres. Similarly, Urad FAQ new gained by Rs 50 to Rs 7,200-7,225.

There are reports that quality and yield is likely to be affected due to rains during harvesting. Moisture content is higher in new-crop arriving in the market. Millers-traders were interested to purchase good quality new crop.

However gains in Urad are likely to be limited as there is slow off-take in Urad dal and increase in supply due arrivals of new Kharif crop and imports from overseas. Further fear government intervention will deter market participants to take any big exposure.

Madhya Pradesh-Canada origin Masoor fell by Rs 25-50 at Rs 7,900/100Kg and Rs 7,650, respectively as millers refrained to purchase at prevailing rates and overseas supplies as government reduced the import duty on lentil. Resellers were also active in the market.

Moreover, India has allowed one time import of Masoor from Russia for a period of six months.

However, higher prices in international market on apprehension of lower crop output in Canada and USA, likely to support Masoor prices at lower rates.

US Masoor production is expected to slide from 336,000 to 231,000 MT.

Canada Masoor production estimates down 31% for the year 2021 and 25 percent below the five-year average.

Production of Australia Masoor is to increase by 0.79% to 6.39 lakh tonnes during the year 2021-22.

Following are rates (Rs/100Kgs) of various pulses (Imported & Desi) in Delhi today:

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

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