Stability in prices of Urad

17-Dec-2024 09:23 AM

Stability in prices of Urad
Stable Prices:
Urad prices have shown little fluctuation this month, with weak arrivals in local mandis.
Chennai FAQ prices started at ₹8100 on December 1st and SQ at ₹8950, with a slight dip of ₹100 in the following days.
Market Prices:
Mumbai FAQ is trading between ₹8000–₹8200.
Burma FAQ prices range between $915–$935, and SQ between $1010–$1035.
High Prices Relative to MSP:
Imported Urad prices exceed the Minimum Support Price (MSP), and mandi prices remain high.
Production Concerns:
Domestic production was impacted due to a decrease in the Kharif season output and a reduction in Rabi planting area.
Heavy Imports:
A substantial amount of Urad has been imported to meet domestic demand.
Myanmar Crop Outlook:
Myanmar is expected to produce a bumper Urad crop this year, supported by strong export demand.
Dependence on Imports:
Despite domestic efforts, India's Urad consumption will largely rely on imports to ensure adequate supply.