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Burma Urad FAQ firm at Delhi; domestic variety weak in Jalgaon

1 Dec 2022 5:04 pm
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MUMBAI, Dec 1 (Commoditiescontrol): Burma Urad FAQ variety ruled marginally firm at Delhi market amid fresh local select mills purchase at lower rates.

On other hand, Burma Urad remained almost steady at Chennai, Mumbai and Kolkata on thin trade activity as offtake in processed Urad below expectation despite winter period, following steady cues from Burma, less cheaper overseas supplies and ongoing arrivals of new Kharif domestic variety.

Millers at domestic markets were sidelined for purchasing new kharif Urad due to continue fall in price of Burma Urad and sluggish counter in Urad dal despite winter period.

At Burma, Urad FAQ-SQ variety priced unchanged each to trade at $770 & $875 per metric ton on CNF basis for Mumbai as sellers active. As per local trader, more fall is likely in Urad as stockiest were still holding old crop stock around 1 to 1.5 lakh tonnes. Meanwhile, Today, local currency Kyat flat against the U.S. dollar. It stood at 2900 Kyat/dollar similar during the previous closing.

At Jalgaon, new Urad extend declined by Rs 100 at Rs 6,500-7,350/100Kg as millers inactive to purchase following trend from imported Urad.

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

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

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