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Burma Urad extends gain in Mumbai markets on better mill demand

28 Jun 2022 12:59 pm
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Mumbai, 28 Jun (Commoditiescontrol): Burma Urad FAQ variety extended rise in Mumbai on improved mills buying, following firm cues from Chennai.

Urad of Burma-origin was offered Rs 25 higher at Rs 7,350/100Kg at Mumbai on increased mill purchase.

Lower imported ready stock and a slowdown in imports due to the disparity as Rupee depreciated to 78.75 against US dollar.

Apart from loss in acreage due to delayed monsoon another reason is the shift in acreage to other crops such as cotton and soybean due to better returns.

The monsoon advanced in producing belts but is still below expectation. We could see some recovery if monsoon improves in Urad growing belts, traders said. Urad sowing window is open till mid of July. But it seems difficult that acreage will reach last year's level.

Tur lemon variety of Burma-origin was offered steady at Rs 6,350/100Kg at Mumbai on increased mill purchase.

Tur of African origins too gained in the Mumbai market. Tanzania origin Arusha variety traded at Rs 5,550-5,600/100Kg. Matwara variety was offered unchanged at Rs 5,450. Mozambique origin Gajri variety offered steady at Rs 5,400-5,450. Malawi Tur priced unchabnged at Rs 4,950-5,050.

Following are rates (Rs/100kg) of various pulses in Mumbai today:



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


       
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