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Burma Urad gain at major market on need base mills buying

27 Jan 2023 7:54 pm
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MUMBAI, Jan 27 (Commoditiescontrol): Burma Urad moved higher by Rs 50-100/100Kg at major market, such Chennai-Delhi, Mumbai and Kolkata following firm Myanmar CNF quotes, need based buying at lower rates despite abundance of cheaper overseas supplies and thin offtake in processed Urad.

As per the latest sowing report, India 2022-23 Rabi Urad acreage was down 4.65% (compared to the same period last year) as of Jan 27 at 7.17 Lakh Ha Vs 7.52 Last Year.

At Chanduasi, Urad prices move higher Rs 50 to trade at Rs 7,200/100Kg for bilty trade as local mill active.

As per local trader of Lalitpur, local market will be closed up to 5th Feb, 2023 for Jain festive.

Urad price weak by Rs 200 at Rs 3,500-6,000/100Kg at Barshi, as per quality amid arrivals of 400 bags.

At Burma, Urad SQ-FAQ variety priced firm by $5 each to trade at $875 & $775 per metric ton on CNF basis as local buyers active to fulfil outstanding export commitment.Today, local currency further depriciate to 2875 Kyat/dollar against 2860 Kyat/dollar.

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

(By Commoditiescontrol Bureau; +91-9820130172)

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