Urad prices seen either steady or down on steady imports, pulses body says
This story was originally published at 12:23 IST on 24 March 2025
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MUMBAI – Prices of urad are either likely to remain stable or fall in the near term due to the steady supply of imports, the India Pulses and Grains Association said in its weekly report on Monday.
The government extended duty-free imports of urad by another year till Mar. 31, 2026, the Directorate General of Foreign Trade said in a notification on Mar. 10.
The ongoing arrivals of the rabi crop in spot markets in south India and a robust progress in summer sowing will aid in keeping prices in check, the association said. As of Mar. 13, the area under urad during the ongoing summer crop season rose to 132,000 hectares from 81,000 hectares a year ago.
Price trends in the medium term will depend on the pace of imports, with trade activity expected to slow down due to the financial year-end, it said.
In the week ended Saturday, prices of urad fell due to low demand from mills, regular imports from Myanmar, and weak cost and freight prices of imported shipments, the association said. Prices were also weighed down by the rising rabi crop arrivals in the market, and low sales of processed urad, or urad dal, which dampened the market sentiment.
Prices of domestic urad in Chandausi, Uttar Pradesh, fell INR 75 from the last week to INR 7,400-INR 7,425 per 100 kg, according to the association. Similarly, prices of imported urad in the port city of Chennai fell INR 50 from the previous week to INR 7,200 per 100 kg, according to the association. End
Reported by Shreya Shetty
Edited by Tanima Banerjee
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