Chennai. The downward trend in urad prices continued this week. Prices remained weak due to increased selling pressure and sluggish consumer demand. While imported urad remains available at the port, domestic arrivals are also increasing, further pressuring prices. Currently, there is a lack of buying enthusiasm at both the retail and wholesale levels, leading traders and stockists to limit their purchases. Experts believe that prices are unlikely to stabilize until demand improves. Due to increased selling pressure from importers and sluggish demand, Chennai urad prices fell by Rs. 75/100 per quintal this week, bringing the FAQ price to Rs. 6750 and SQ urad to Rs. 7400/7425 per quintal. Similarly, Mumbai urad prices declined by Rs. 75 per quintal this week, bringing the price to Rs. 6,850 per quintal at the weekend.

Due to increased selling by exporters and sluggish export demand, Burma urad FAQ prices declined by $25 and SQ by $15 per tonne during the current week, bringing the price to $740 per tonne for FAQ and $815 per tonne for SQ.

Due to the impact of port shortages and weak buying by dal millers, urad prices in Delhi declined by Rs. 75 per quintal this week, bringing the price to Rs. 7,100 per quintal for FAQ and Rs. 7,800 per quintal for SQ.

Due to sluggish buying and selling, Madhya Pradesh urad prices declined by Rs 50/100 per quintal during the current week, closing at Rs 5000/7050 in Jabalpur, Rs 3950/6000 in Kareli, Rs 4000/5800 in Ganjbasoda, and Rs 6500/7000 per quintal in Indore.

Due to weak demand from stockists and dal millers, Maharashtra urad prices declined by Rs 100/200 per quintal during the week, closing at Rs 7300 in Akola, Rs 4000/6400 in Latur, Rs 6450/6850 in Jalgaon, Rs 3000/6800 in Barshi, Rs 4000/7300 in Solapur, and Rs 4000/6000 per quintal in Ahmednagar.

Due to continued weak buying, urad prices in Krishna District and Vijayawada declined by ₹50 per quintal this week, closing the week at ₹7,300 in Krishna District and ₹7,250 per quintal in Vijayawada. Similarly, Kota urad prices also declined by ₹150 per quintal this week, closing the week at ₹4,000/₹6,350 per quintal.

Due to the decline in urad prices, urad prices declined by ₹100/₹200 per quintal this week, closing the week at ₹9,050/₹10,800 in Delhi, ₹8,800/₹9,100 in Bhatapara, ₹9,350 in Jalgaon, ₹7,600/₹8,600 in Meerut, and ₹9,000/₹12,000 per quintal in Indore.