Weekly Review - Urad

01-Feb-2025 07:52 PM

Urad prices fall due to lack of customer support

It looks like Urad prices have experienced a notable decline due to a combination of weak demand, increased sales, and profit booking at higher prices.

This trend is further compounded by sluggish buying activity, particularly from millers, leading to price drops in various key markets across India.

Despite this week’s price reductions, the future outlook for Urad appears to suggest potential price increases. The supply of Urad is decreasing, with low arrivals in producing markets and no new crop expected for several months.

Additionally, Myanmar's export figures show a strong market, particularly for India, which will likely impact future trends.

Notably, prices for Urad Dal also decreased due to weak demand. This could signal that processors and millers are facing challenges in buying at higher prices, or perhaps that consumer demand is holding steady for the moment.

It will be interesting to see if the market stabilizes or continues to fluctuate, especially with the potential for supply shortages as the season progresses.

Do you think the price trend will continue to slide, or do you see a reversal coming soon?