Chennai: During the current week, a sentiment of recovery was observed across Urad markets nationwide. Urad prices firmed up due to easing selling pressure and increased buying activity from pulse mills and stockists. The market, which had been under continuous pressure for some time, received support from robust buying at lower price levels, leading to a surge in trading activities. According to trade sources, a gradual improvement in the demand for Urad dal is being witnessed. A positive atmosphere prevails in the domestic market, driven by active procurement from pulse mills. In particular, consistent buying by millers at lower levels has provided a strong foundation for prices. Limited yet regular buying by stockists is also lending support to the market. Regarding supply, arrivals of the Rabi Urad crop are still ongoing in Andhra Pradesh, while arrivals of the new summer crop have commenced in Madhya Pradesh and Gujarat. With the arrival of the new crop, market availability is gradually increasing. However, current arrivals are not as high as anticipated; consequently, significant downward pressure has not yet fully materialized in the market.

Due to limited selling by importers and an improvement in demand, Urad prices in Chennai recorded a recovery of ₹50 per quintal this week. Following this recovery, prices settled at ₹7,875 per quintal for FAQ (Fair Average Quality) grade and ₹8,550 per quintal for SQ (Superior Quality) grade Urad. Similarly, Urad prices in Mumbai witnessed an increase of ₹50 per quintal this week, bringing the prices to ₹7,900 per quintal by the weekend.

Amidst increased selling by exporters and sluggish export demand, Burma Urad prices witnessed a decline of $10 per tonne for the FAQ grade and $20 per tonne for the SQ grade during the current week. Following this decline, prices at the weekend stood at $830 per tonne for FAQ and $910 per tonne for SQ.

Due to subdued buying interest from dal millers, Urad prices in Delhi recorded a decline of ₹25–50 per quintal this week. Following this downward trend, prices at the week's end settled at ₹8,200 per quintal for FAQ (Fair Average Quality) grade and ₹8,850 per quintal for SQ (Superior Quality) grade.

Driven by increased buying activity, Urad prices in Madhya Pradesh witnessed a rise of ₹100–200 per quintal during the current week. Consequently, by the end of the week, prices stood at ₹5,000–8,650 per quintal in Jabalpur, ₹5,100–6,910 in Kareli, ₹6,000–7,400 in Damoh, and ₹6,500–8,500 in Indore.

With demand intensifying from stockists and dal millers, Urad prices in Maharashtra registered an increase of ₹100–200 per quintal this week. By the week's end, prices reached ₹8,200 per quintal in Akola; ₹4,000–7,000 in Latur; ₹7,300–8,300 in Jalgaon; ₹5,000–7,000 in Barshi; and ₹4,500–7,500 in Ahmednagar.

Spurred by increased buying, Urad prices in the Krishna District and Vijayawada recorded a rise of ₹100 per quintal this week. Following this upward movement, prices at the week's end settled at ₹8,150 per quintal in both the Krishna District and Vijayawada. Similarly, Urad prices in Rajasthan also witnessed an increase of ₹100 per quintal this week, with prices at the week's end reaching ₹7,400–8,400 per quintal in Jaipur and ₹5,500–7,700 in Kota.

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.