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Burma Urad eases at Chennai-Delhi, domestic variety mixed

25 Jan 2022 5:34 pm
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Mumbai, 25 Jan (Commoditiescontrol) – Burma Urad at Chennai-Delhi eased by Rs 25-50/100Kg on Tuesday amid slack mills buying at higher rates, regular supplies from overseas and extension of restriction-free imports till June 2022. Moreover, good crop estimates was reported at Burma.

Buying was less due to liquidity crunch and slow offtake in processed Urad.

Meanwhile, average quality regular arrivals of Urad witnessed at Uttar Pradesh and Madhya Pradesh. Arrivals of new Urad likely to began in districts of Andhra Pradesh and also from Tamil Nadu in near future.

Domestic variety Urad dropped, as per quality at Latur, Washim, Neemuch, Sagar, Veraval and Vijaywada market on slack buying.

On other hand, domestic variety Urad traded higher, as per quality, at Ahmednagar, Bina, Mandsaur and Kekri on local selected mills purchase.

In the overseas markets, Urad FAQ-SQ varieties priced higher by $5-10 each at $810 and $905 per ton on a CNF basis in Burma amid local buying activities.

Meanwhile, India buyers inactive to purchase Urad. On other hand, buyers were interested to purchase Tur at lower rates. India buyers has already purchase some quantities of Tur-Urad against January end shipment for Chennai.

India government had given extension of restriction-free imports of Tur- Urad till June 2022.

Already, direct container and breakbulk vessels carrying urad regularly depart from Yangon for Chennai.

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

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

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