Chennai. During the current week, urad prices witnessed a bullish and bearish trend. Buying and selling remained sluggish. The pressure in the market has increased due to the increase in the arrival of new urad in the major producing markets of Maharashtra and Karnataka. However, due to excessive rain during harvesting, the fields are filled with water, which has negatively affected the quality of urad. Especially, the arrival of tainted and high moisture goods is increasing in the markets of Maharashtra, due to which there is instability in the prices. The sowing area of ​​​​urad has also increased across the country. Compared to last year, this year the sowing area of ​​​​urad has increased from 20.31 lakh hectares to 21.71 lakh hectares. However, despite the increase in production, prices are fluctuating due to the decrease in the quality of urad due to rain and moisture. Pressure may remain on urad prices in the coming weeks. Due to increased selling pressure from importers and sluggish demand, Chennai Urad prices declined by Rs 25/50 per quintal this week and with this decline, the price of FAQ remained at Rs 7275 and SQ Urad at Rs 7775 per quintal. Similarly, Mumbai Urad prices declined by Rs 50 per quintal this week and with this decline, the price remained at Rs 7300 per quintal at the weekend.

Due to increased selling by exporters and weak buying, Burma Urad FAQ declined by $ 10 and SQ also declined by $ 10 per tonne during the current week and with this decline, the price of FAQ remained at $ 770 per tonne and SQ at $ 850 per tonne at the weekend.

Due to the impact of the decline in the port and weak buying by the dal millers, the price of Urad in Delhi declined by Rs 25 per quintal this week. And with this softening, the prices remained at FAQ 7600/7625 rupees and SQ 8100/8125 rupees per quintal at the end of the week.

Due to sluggish buying and selling, the prices of Madhya Pradesh urad witnessed a rise and fall of 50/100 rupees per quintal during the current week and with this rise and fall, the prices remained at Jabalpur 5000/7400 rupees, Kareli 6089/7101 rupees, Ganjbasoda 3500/6000 rupees and Indore 6500/7000 rupees per quintal at the end of the week.

The arrival of new urad has started increasing in the producing markets. Due to increased pressure of arrivals and weak buying, Maharashtra Urad prices this week fell by Rs. 100/200 per quintal and at the end of the week, the prices remained at Rs. 7400 in Akola, Rs. 6000/7000 in Latur, Rs. 6400/6750 in Jalgaon, Rs. 4500/7000 in Barshi, Rs. 4600/7400 in Solapur and Rs. 5000/7000 per quintal in Ahmednagar.

Due to increased sporadic buying, Urad prices in Krishna District and Vijayawada improved by Rs. 50 per quintal this week and with this improvement, the prices remained at Rs. 7441 in Krishna District and Rs. 7400/7500 per quintal in Vijayawada at the end of the week. Whereas Jaipur Urad fell by Rs. 100 per quintal this week and remained at Rs. 6600/7400 per quintal at the end of the week.

Due to the fall in the price of Urad, the demand has weakened and the price of Urad Dal has fallen by Rs. 100 per quintal this week and the prices at the end of the week remained at Rs. 9650/10750 in Delhi, Rs. 9000/9100 in Bhatapara, Rs. 9900 in Jalgaon, Rs. 8100/8700 in Meerut and Rs. 9000/12000 per quintal in Indore.