Weekly Review - Urad (Black Gram)

Chennai: Urad prices in the domestic market trended upward this week, driven by a decline in selling at lower price levels and increased demand from pulse millers. A rise in dollar-denominated prices has increased the landed cost of imported Urad, providing further support to domestic market prices. Additionally, limited selling by stockists has bolstered this upward trend. However, arrivals of domestic Urad in producing-region markets are expected to increase following the Diwali holidays. Meanwhile, a significant volume of imported Urad shipments is also anticipated; trade sources indicate that three direct vessels from Myanmar, eight vessels from Brazil, and one bulk vessel from Myanmar are en route and expected to reach Indian ports after Diwali, which will increase the availability of imported Urad at the ports. Demand for Urad is likely to remain steady through the end of November, supported by the Kharif season. While the market is currently bolstered by demand, traders should exercise caution and avoid assuming a sustained, one-sided rally, given the anticipated future arrivals. Due to subdued selling by importers and sustained demand, Urad prices in Chennai rose by ₹100–₹150 per quintal this week, reaching ₹9,400 per quintal for FAQ (Fair Average Quality) and ₹10,000 per quintal for SQ (Special Quality).

With reduced selling by exporters and rising export demand, prices for Burmese Urad increased by $45 per tonne for both FAQ and SQ varieties this week. By the end of the week, prices stood at $960 per tonne for FAQ and $1,020 per tonne for SQ. Delhi

Driven by firm trends at ports and increased demand, Urad (black gram) prices in Delhi rose by Rs 125–250 per quintal this week. By the end of the week, prices reached Rs 9,400 per quintal for FAQ (Fair Average Quality) and Rs 10,000 per quintal for SQ (Special Quality).

Due to consistent availability in producing markets and sluggish demand, Urad prices in Madhya Pradesh remained unchanged this week. By the weekend, prices stood at Rs 6,000–8,850 per quintal in Jabalpur, Rs 6,000–8,000 in Kareli, Rs 5,000–7,600 in Damoh, Rs 4,000–7,000 in Ashoknagar, Rs 4,500–7,500 in Ganjbasoda, and Rs 6,500–9,500 in Indore.

Increased buying activity led to a rise of Rs 100–200 per quintal in Urad prices across Maharashtra this week. By the weekend, prices were Rs 9,850 per quintal in Akola, Rs 8,000–10,300 in Latur, Rs 7,800–9,700 in Jalgaon, Rs 8,500–9,200 in Barshi, and Rs 7,500–9,500 in Ahmednagar.

Influenced by a broad-based upward trend and sustained buying interest, Urad prices in the Krishna District and Vijayawada saw an increase of Rs 300 per quintal this week. Consequently, by the end of the week, prices reached Rs 9,800 per quintal in the Krishna District and Rs 9,900–10,000 per quintal in Vijayawada. Similarly, prices of urad (black gram) in Rajasthan saw an increase of Rs 200 per quintal this week; by the end of the week, prices stood at Rs 7,700–8,700 per quintal in Jaipur and Rs 6,500–8,700 per quintal in Kota.

Driven by the rise in urad prices and sustained demand, the prices of urad dal increased by Rs 100–200 per quintal this week. By the end of the week, prices were Rs 11,550–12,400 per quintal in Delhi, Rs 11,100–12,300 per quintal in Bhatapara, Rs 12,700 per quintal in Jalgaon, Rs 9,900–10,900 per quintal in Meerut, and Rs 11,400–12,600 per quintal in Vijayawada.