Chennai: The domestic Urad market witnessed a downward trend during the current week. Prices remained under pressure due to increased profit-booking at higher levels and limited buyer activity. The market failed to receive adequate support as dal mills restricted their purchases to immediate requirements only. Demand for Urad dal remains normal, causing millers to avoid large-scale buying. A soft market sentiment prevails due to limited buying interest and increased selling pressure. Market experts state that unless there is a significant improvement in demand for Urad dal, the likelihood of a sharp rise in prices remains low. However, the market is keeping a close watch on the progress of the monsoon in producing regions and the status of Kharif Urad sowing. If weather conditions turn adverse and sowing is affected, market sentiment could strengthen in the future. Due to a slowdown in selling by importers and improved buying interest, Chennai Urad prices recorded a decline of ₹100 per quintal this week; consequently, prices settled at ₹8,025 per quintal for FAQ and ₹8,950 per quintal for SQ varieties.

Increased selling pressure from exporters and subdued export demand led to a decline of $15 per tonne for Burma Urad FAQ and $10 per tonne for SQ varieties during the week. By the weekend, prices stood at $860 per tonne for FAQ and $950 per tonne for SQ.

Reflecting the impact of the decline at ports and weak demand, Urad prices in Delhi fell by ₹100 per quintal this week. By the weekend, prices settled at ₹8,350 per quintal for FAQ and ₹9,200 per quintal for SQ varieties. Madhya Pradesh

Due to weak demand, Urad prices in Madhya Pradesh saw a decline of ₹100–150 per quintal during the week; by the weekend, prices stood at ₹5,000–8,400/quintal in Jabalpur, ₹6,850–8,011 in Kareli, ₹7,000–8,200 in Damoh, and ₹6,500–8,500 in Indore.

With buying and selling activity remaining sluggish, Urad prices in Maharashtra saw no fluctuation this week; by the weekend, prices remained stable at ₹8,450/quintal in Akola, ₹4,000–7,600 in Latur, ₹7,400–8,500 in Jalgaon, ₹5,000–8,000 in Barshi, and ₹4,500–7,500 in Ahmednagar.

Driven by a broad-based decline and sluggish buying, Urad prices in Krishna District and Vijayawada fell by ₹100 per quintal this week; by the weekend, prices settled at ₹8,900/quintal in both Krishna District and Vijayawada. Similarly, Urad prices in Rajasthan also saw a drop of ₹200 per quintal, with weekend prices standing at ₹7,400–8,400/quintal in Jaipur and ₹5,500–7,200/quintal in Kota.

Due to limited demand, Urad Dal prices saw fluctuations of ₹100–200 per quintal this week; by the weekend, rates stood at ₹10,450–11,600 in Delhi, ₹9,400–10,700 in Bhatapara, ₹8,900–11,200 in Jalgaon, ₹9,000–10,000 in Meerut, and ₹9,800–13,500 per quintal in Indore.