Pulses body sees urad prices steady in near term on firm demand from mills
This story was originally published at 14:24 IST on 10 March 2025
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MUMBAI – Urad prices are likely to be steady in the near term due to firm demand from mills, the India Pulses and Grains Association said in its weekly report on Monday. The Chennai port has limited stocks of imported urad, and fewer containers of the legume are arriving from the port city of Yangon, Myanmar, to Chennai due to limited shipments between the two countries, the association said.
Indian importers are finding it hard to book shipments due to high freight costs and already high demand for urad shipments, according to the association.
Arrivals of the rabi crop in Andhra Pradesh, one of the top urad-producing states, are expected to increase gradually, as the harvest is better than last year, the association said. Meanwhile, the sowing of summer urad has begun in Gujarat and will also start soon in Madhya Pradesh, the association said.
The market will wait for the government's decision on extending the import of urad under the duty-free regime, which expires on Mar. 31, the association said. The government had first allowed the import of urad under the 'free category' on May 15, 2021, and it was valid till Oct. 31, 2021. Subsequently, the free import regime was extended.
In the week ended Saturday, prices of urad rose due to steady demand from mills, higher cost and freight for imports from Myanmar, the rupee's depreciation against the US dollar, and shortage of good quality domestic urad, the association said.
Last week, prices of urad in Guntur, Andhra Pradesh, rose by INR 150 to INR 8,050 per 100 kg, according to the association. In Chandausi, Uttar Pradesh, prices of urad rose by INR 25 to INR 7,500-INR 7,550 per 100 kg. End
Reported by Shreya Shetty
Edited by Ashish Shirke
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