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Burma Urad weak at major mkt, domestic variety new mixed

26 Oct 2021 5:39 pm
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Mumbai, 26 Oct (Commoditiescontrol) – Burma Urad widened losses by Rs 50-125/100Kg at Mumbai, Chennai, Delhi and Kolkata market on Tuesday amid thin trade activity due to slow off-take in Urad dal, liquidity crunch, increased arrivals of new Kharif crop and imports from overseas.

New Urad traded lower, as per quality at Dudhani, Khamgaon, Latur, Washim, Ashoknagar, Bina, Chhattarpur, Harda, Katni, Neemuch, Dahod and Kekri, on thin mills purchase.

While, commodity traded higher, as per quality, at Ahmednagar, Jalgaon, Ganj Basoda and Mandsaur on local and outstation mills buying activity.

Maharashtra origin new Urad traded unchanged at Rs 7,200/100Kg for Guntur delivery.

Maharashtra origin new Urad remained steady in the range of Rs 6,000-7,000/100Kg, as per quality for Naya bazaar pulses market of Delhi.

Old variety Urad declined by Rs 50-100/100Kg at Jaipur, Jodhpur and Guntur market on dull mills buying support.

Moreover, Nafed is liquidating its old stock in Madhya Pradesh.

Meanwhile, regular arrivals of new Kharif Urad is being witnessed in domestic market. However, quality is the major concerns as Urad arriving in the local market is mostly of damaged, discolored or dagi quality and good quality of crop arriving in the market is very low, said the trade sources. The millers and traders are seen more interested to buy good quality of new crop.

Urad prices are likely to get support in fortnight as crop damage is estimated around 50-60%, because, quality and yield both affected due to rains and pest attack during harvesting period.

In the overseas markets, Urad FAQ-SQ varieties priced lower by $10-20 at $920 per ton and $1050 per ton on a CNF basis in Burma. No actual trade in any pulses was witnessed as no overseas buyers active. Pulses price movement was reported due to movement of local currency against US dollar.

Myanmar Kyat was trading 1770 Vs 1920 last week (16th Oct) against the US dollar in the local market.

As per local trader, Urad stock was approximately around 1.5 Lakh tonnes. Already, direct container and breakbulk vessels carrying urad regularly depart from Yangon for Chennai.

The government extended the free import policy for Tur-Urad till 31 January 2022.

The government laid down the procedure and modalities for import of 2.5 lakh tonnes of urad from Myanmar for FY 2021-22.

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



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


       
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