Urad prices seen rising on miller demand amid low import stocks
Pulses body
This story was originally published at 12:32 IST on 1 April 2025
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MUMBAI – The market anticipates a short-term rise in urad prices due to demand from millers, driven by low stocks of the imported legume, the India Pulses and Grains Association said in its weekly report on Monday.
Prices may also be supported by delays in scanning at Chennai port that could lead to a temporary shortage, the association said. While the recent earthquakes in Myanmar have caused extensive damage, it is unlikely to have a major impact on loading and export of urad, the association said.
The urad market faces uncertainty, with India anticipating a rise in demand in April for papad production, weddings, and festivals while imports are expected to remain low until mid-April, according to the association. However, the market may see an increased selling pressure from Myanmar in May due to a bumper crop, coinciding with the arrival of the summer crop, the association stated.
Urad prices rose during the week ended Saturday, driven by strong demand from millers in Delhi, low stocks of imported urad, higher costs and freight charges in Myanmar, and weak sales at lower prices, as per the association.
In the week ended Saturday, prices of the pulse in the key market of Guntur in Andhra Pradesh rose by INR 150 from the previous week to INR 7,800 per 100 kg on Saturday. Similarly, prices of urad in Jalgaon, Maharashtra, increased by INR 150 from last week to INR 7,250-INR 7,750 per 100 kg, the association added. End
Reported by Shreya Shetty
Edited by Subhojit Sarkar
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