Urad prices were steady due to good demand amid good supplies in the key markets.
Arrivals of Urad in March 1- 28 is pegged at 42,471 tonnes as compared to 23,236 tonnes in the corresponding period a year ago.To fill the gap between demand and supply, India imports urad from Myanmar on a regular basis. As a result, the government’s decision to extend free import is a smart step that will help to stabilise supply and prices.
In the years 2020–21, India imported around 2.26 million tonnes of pulses. The country is reliant on imports of pulses because domestic production is usually insufficient to meet demand.
Urad prices are quoted in spot markets at INR 6,700-7,000, which is higher than their minimum support price of INR 6,300.