Chennai. Urad prices continued to trend downwards this week due to mounting selling pressure and a lack of buying interest. Millers are currently purchasing only to meet immediate requirements. While demand is expected to rise during the festive season—potentially limiting the decline—rising imports suggest there is little scope for a significant price surge. Arrivals of the summer Urad crop in producing markets are lower compared to last year. The crop in the Bagalkot region is reported to be good, whereas port stocks remain low. Small consignments from Brazil are expected in August, followed by a larger shipment in the last week of September. Additionally, supplies from Maharashtra and Karnataka are expected to increase. Arrivals of the new Urad crop from Madhya Pradesh and Rajasthan are likely to commence in October. Urad imports during the January–June period of the current year fell by over 19% to approximately 2.27 lakh tonnes, down from about 2.81 lakh tonnes during the same period last year. Overall, while the market may find support from weak domestic arrivals and upcoming festive demand, the likelihood of a major price rally remains low due to rising imports and limited buying by millers. Due to increased selling pressure from importers and persistent weak demand, Chennai Urad prices dropped by ₹250–300 per quintal this week; consequently, prices settled at ₹8,400 per quintal for FAQ and ₹8,900 per quintal for SQ varieties.

Increased selling by exporters and sluggish export demand led to a decline of $20 per tonne in both Burma Urad FAQ and SQ varieties this week. By the weekend, prices stood at $880 per tonne for FAQ and $960 per tonne for SQ.

Due to the impact of the market downturn and sluggish demand, Urad prices in Delhi fell by ₹150–300 per quintal this week. By the weekend, prices stood at ₹8,825 per quintal for FAQ and ₹9,300 per quintal for SQ varieties.

Increased selling pressure and weak demand led to a decline of ₹100–200 per quintal in Urad prices across Madhya Pradesh this week. By the weekend, prices settled at ₹5,000–8,400 in Jabalpur, ₹5,600–8,400 in Kareli, ₹6,000–8,000 in Damoh, and ₹6,500–9,500 per quintal in Indore.

Persistent weak demand caused Urad prices in Maharashtra to drop by ₹200–300 per quintal this week. By the weekend, prices stood at ₹9,100 in Akola, ₹5,000–9,000 in Latur, ₹7,700–8,850 in Jalgaon, ₹5,000–8,500 in Barshi, and ₹4,500–8,500 per quintal in Ahmednagar.

Reflecting the overall market decline and weak buying interest, Urad prices in Krishna District and Vijayawada fell by ₹250 per quintal this week; by the weekend, prices were ₹8,900 per quintal in Krishna District and ₹9,000 per quintal in Vijayawada. Similarly, Urad prices in Rajasthan saw a decline of ₹200–300 per quintal, with weekend rates settling at ₹7,700–8,700 in Jaipur and ₹5,000–7,500 per quintal in Kota.

Due to the impact of the decline in Urad prices and sluggish demand, Urad dal prices fell by ₹200–₹400 per quintal this week. By the weekend, prices stood at ₹10,750–₹11,950 per quintal in Delhi, ₹10,100–₹11,200 in Bhatapara, ₹11,600 in Jalgaon, ₹9,400–₹10,400 in Meerut, and ₹10,600–₹11,600 in Vijayawada.