Chennai: During the current week, the Urad markets across the country witnessed a trend of one-sided decline. Due to a lack of buying interest and mounting selling pressure, prices remained consistently soft, resulting in a visibly weak overall market sentiment. Throughout the week, the demand for Urad dal remained relatively subdued. Buying activity by dal millers and processors remained limited due to sluggish consumption at both retail and wholesale levels. With millers making fewer purchases, the market failed to receive the expected support, consequently perpetuating the downward trend in prices. According to trade sources, no significant improvement in the consumption of pulses has been observed for some time now. The consumption of pulses is being adversely affected by inflation and a decline in consumer demand, which is having a direct impact on the Urad market. On the other hand, the ample availability of Urad at ports has also contributed to increasing pressure on the market. Amidst a continuous influx of imported goods and sufficient existing stocks, the lack of demand is disrupting the supply-demand equilibrium, thereby keeping the prospects of a market rally weak for the time being. Driven by increased selling pressure from importers and sluggish demand, Chennai Urad prices recorded a decline of ₹125–175 per quintal this week; following this drop, prices settled at ₹7,900 per quintal for FAQ grade and ₹8,525 per quintal for SQ grade Urad. Similarly, Mumbai Urad prices witnessed a decline of ₹100 per quintal this week, bringing the rates down to ₹7,900 per quintal by the weekend.

Due to the impact of declining port prices and subdued buying activity from pulse millers, Urad prices in Delhi recorded a decline of ₹150–175 per quintal this week. Following this decline, prices at the end of the week settled at ₹8,225 per quintal for FAQ (Fair Average Quality) grade and ₹8,850 per quintal for SQ (Superior Quality) grade.

With both buying and selling activities remaining sluggish throughout the current week, Urad prices in Madhya Pradesh witnessed a decline of ₹50–100 per quintal. Consequently, by the end of the week, prices stood at ₹5,000–8,200 per quintal in Jabalpur, ₹6,899–7,700 in Kareli, ₹6,000–7,400 in Damoh, and ₹6,500–8,500 in Indore.

Due to persistently weak demand from stockists and pulse millers, Urad prices in Maharashtra registered a decline of ₹100–200 per quintal this week. By the end of the week, prices settled at ₹8,100 per quintal in Akola, ₹4,000–6,800 in Latur, ₹7,300–8,300 in Jalgaon, ₹5,000–7,000 in Barshi, and ₹4,500–7,500 in Ahmednagar.

Owing to continued weak buying interest, Urad prices in the Krishna District and Vijayawada recorded a decline of ₹100–150 per quintal this week. Following this downturn, prices at the end of the week stood at ₹8,100 per quintal in the Krishna District and ₹8,050–5,150 in Vijayawada. Similarly, Urad prices in Rajasthan also witnessed a decline of ₹100–200 per quintal this week, with prices settling at ₹7,400–8,400 per quintal in Jaipur and ₹5,500–7,650 in Kota by the week's end.

Reflecting the decline in Urad prices—driven by weakening demand—Urad Dal prices witnessed a drop of ₹100–200 per quintal this week. By the end of the week, prices settled at ₹9,750–11,200 per quintal in Delhi; ₹9,600–10,500 in Bhatapara; ₹8,900–11,100 in Jalgaon; ₹8,900–9,800 in Meerut; and ₹9,800–13,500 in Indore.