Pulses Report
Urad prices seen under pressure from high Myanmar imports, says pulses body
This story was originally published at 12:07 IST on 27 January 2025
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MUMBAI – Urad prices are expected to fall this week due to pressure from imports from Myanmar, while some market players are also adding to the pressure through forward contracts for shipments, the India Pulses and Grains Association said in its weekly report on Monday.
Imports of urad in the country in Apr-Nov rose 31.6% on year to 528,050.55 tonnes, with the highest imports from Myanmar at 479,357.95 tonnes, followed by Brazil with 39,138.93 tonnes, according to data from the Ministry of Commerce and Industry.
Demand from mills is likely to be limited to need-based buying as the market expects the government to extend duty-free imports of urad beyond Mar. 31, which would bring prices down, the association said. Imports from Brazil could offer tough competition to imports from other countries, which could put further pressure on prices.
Prices of urad strengthened in domestic markets in the week ended Saturday after several weeks of decline due to higher cost and freight prices for Myanmar shipments, low arrivals of premium quality pulses, and some demand from mills, the association said.
In the week ended Saturday, prices of urad in Chandausi, Uttar Pradesh rose by INR 50 from the previous week to INR 7,750 per 100 kg, according to the association. Prices of urad in Guntur, Andhra Pradesh rose by INR 200 for the same period to INR 7,850-INR 7,900 per 100 kg. End
Reported by Shreya Shetty
Edited by Nishant Maher
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