Urad Price Update

10-Jan-2025 09:05 AM

Urad Price Update
Mumbai Market: FAQ variety rebounded from last week's ₹7850 slump to close at ₹7950 on January 9.
Chennai Market: FAQ rose from ₹7650 last week to ₹7700, with similar trends observed across other markets.
Price Stability: Minimal fluctuations in prices.
Myanmar Market:
FAQ price increased from $855 to $865/ton.
SQ price rose from $955 to $965/ton.
Market Dynamics:
Despite lower domestic production, imports are balancing supply.
Record harvest expected in Myanmar and increased supply potential from Brazil.