Urad prices were steady to up due to steady

Urad prices were steady to up due to steady demand from bulk buyers. Arrivals of Urad during April 1 – 05 is pegged at 2,188 tonnes as compared to 1,917 tonnes in the corresponding period a year ago.
Water festival celebrations in Myanmar on the 13th and 14th of April 2022, as well as changes in foreign exchange laws for locals, have affected supply activities in Myanmar for at least 10 days. As a result, Myanmar’s supply may be interrupted for a few weeks. In the coming weeks, Indian traders-stockists and importers would try to take advantage of this momentary interruption and try to the market up by INR 200 per 100 kg. In Maharashtra, it is currently trading at INR 6,600 per 100 kg, which is INR 300 higher than the MSP (Rs 6,300). Given the circumstances and the disruption in Myanmar’s supply.