Weekly Review – Urad

Chennai: Urad prices in the domestic market maintained an upward trend throughout the week. The market found support from easing arrival pressure in producing centers, limited selling by farmers, and increased activity among stockists. Additionally, the strengthening of prices for Urad imported from Myanmar (FAQ and SQ varieties) bolstered domestic market sentiment. Increased buying by pulse mills is providing support to Urad prices; however, due to high price levels, mills are currently purchasing only to meet immediate requirements. The upward trend in prices persists due to limited market availability and subdued selling pressure. Demand for Urad dal is expected to remain strong over the next two months, given the festive season, which could provide further market support. On the other hand, favorable weather conditions are expected to boost arrivals of the new domestic Urad crop in major producing states, potentially improving supply. Market experts suggest that if the price rally continues, intermittent fluctuations may occur due to profit-booking at higher levels. Nevertheless, given the strong demand, limited selling, and rising prices of imported Urad, the market outlook remains bullish for the near term. However, the future trajectory will depend on the arrival of the new crop and the purchasing activity of pulse mills. Due to subdued selling by importers and sustained buying interest, Urad prices in Chennai rose by ₹150–300 per quintal this week, reaching ₹9,600 per quintal for FAQ and ₹10,150 per quintal for SQ varieties.

Due to a slowdown in selling by exporters and rising export demand, prices for Burmese Urad (FAQ and SQ varieties) increased by $10 per tonne each during the week; by the weekend, prices stood at $945 per tonne for FAQ and $1,025 per tonne for SQ.

Supported by rising prices at ports and sustained demand, Urad prices in Delhi rose by ₹150–300 per quintal this week; by the weekend, prices reached ₹10,100 per quintal for FAQ and ₹10,450 per quintal for SQ.

Driven by increased demand, Urad prices in Madhya Pradesh rose by ₹400–500 per quintal during the week; by the weekend, prices stood at ₹5,000–10,000 in Jabalpur, ₹6,000–9,501 in Kareli, ₹5,000–9,700 in Damoh, and ₹6,500–10,000 per quintal in Indore.

Increased buying activity led to a rise of ₹400–500 per quintal in Urad prices across Maharashtra this week; by the weekend, prices were ₹10,100 in Akola, ₹8,000–9,800 in Latur, ₹7,800–9,700 in Jalgaon, ₹8,700–9,500 in Barshi, and ₹7,000–10,000 per quintal in Ahmednagar.

Supported by a broad-based rally and sustained buying, Urad prices in Krishna District and Vijayawada rose by ₹300–400 per quintal this week; by the weekend, prices stood at ₹9,700 per quintal in Krishna District and ₹9,650–9,750 per quintal in Vijayawada. Similarly, prices for Rajasthan-origin Urad also saw an increase of ₹200–300 per quintal, with weekend rates reaching ₹8,200–9,200 per quintal in Jaipur and ₹6,000–8,700 per quintal in Kota.

Driven by the rally in Urad and sustained demand, Urad Dal prices increased by ₹300–500 per quintal this week. By the weekend, prices were ₹11,600–12,450 per quintal in Delhi, ₹11,200–12,800 in Bhatapara, ₹12,900 in Jalgaon, ₹10,300–11,300 in Meerut, and ₹11,300–12,600 in Vijayawada.