Mumbai, 07 Nov (Commoditiescontrol):Urad (black gram) prices saw a resurgence across Burma on Thursday, spurred by stockist buying at lower rates, with hopes rising that Indian importers will soon resume purchases. Indian markets exhibited mixed trends for imported Urad, with Mumbai prices inching up slightly while Chennai saw a marginal decline.
In Burma, there has been a notable uptick in trading activity as stockists began purchasing, leading to an increase of 30,000 Kyat for superior quality (SQ) Urad and 20,000 Kyat for fair average quality (FAQ) Urad. This price rise reflects increased interest from Indian buyers, with CNF prices to India stabilizing at $1,090 for SQ and $990 for FAQ.
In India, the trend for Burma-origin Urad has remained steady to firm, although buying has been slow since trade resumed following the holiday season. Prices for Desi Urad have largely remained stable, with limited transactions indicating a gradual return to regular trading volumes.
Chennai's post-Diwali trading activity has been muted, with no resale CNF quotes currently available. Locally, Burma Urad prices saw a slight decline, with both FAQ and SQ varieties softening by ₹25. In Chennai, FAQ is quoted at ₹8,475 per quintal, while SQ is priced at ₹9,275 per quintal. In Delhi, FAQ and SQ Urad are offered at ₹8,650 and ₹9,550 per quintal, respectively. In Mumbai, the FAQ Urad price edged marginally higher, while no price changes were reported in Kolkata.
In the domestic bilty trade, prices remained steady across key mandis such as Guntur, Vijayawada, Indore, Jalgaon, and Chandausi, supported by consistent demand. The Jaipur market saw a ₹100 increase for Desi Urad. Meanwhile, Urad dal prices remained unchanged in major trading centers.
India's latest fourth advance estimate projects total pulses output at 69.54 lakh tonnes, with Urad production expected to be 12.09 lakh tonnes, down from last year’s 16.4 lakh tonnes.
Looking ahead, declines in Urad prices are likely to be limited as domestic arrivals slow and imports from Burma decrease. Additionally, lower projected Kharif yields and increased demand leading up to the wedding season are expected to support Urad prices in the near term.
Spot Urad Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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