Despite a 25 percent decline in production, there is little chance of a rise in the price of urad at present.

06-Nov-2024 05:39 PM

New Delhi. The Union Agriculture Ministry has estimated that the domestic production of urad will shrink by about 25 percent or 4 lakh tons from 16.04 lakh tons to 12.09 lakh tons during the current Kharif season as compared to last year.

But despite this, industry and trade analysts believe that its supply and availability situation will be satisfactory in the near future and hence there is little chance of a sharp rise in prices. There is a good arrival of new crop in the domestic sector and regular imports from Myanmar are also continuing.

If the government estimate proves true, then this time the Kharif production of urad will shrink to the lowest level in the last 10 years.

According to the chairman of the top trade organization - India Pulses and Grains Association, this time the production of tur is expected to be better because the condition of the crop is looking good in major producing states like Karnataka and Maharashtra.

The arrival of new goods may start by the end of this month while the supply will be high in December-January.

According to a leading analyst, not only is the production of urad likely to decrease during the current Kharif season, but its quality is also likely to remain weak as it has been greatly affected by the rains.

The demand for urad is weak and it is also being imported from abroad, so the prices are almost stable. There is no possibility of a sharp rise in the domestic market price of urad till the end of the current year.