Govt Urad Production Estimate Up By 34.41 % To 2.89 MMT From Set Target
Published on: Feb 16, 03:15
The latest released second adv. estimate on 15th Feb-2017 shows that govt expects Urad production(Rabi kharif combined) up by 34.41% to 2.89 MMT this year from set target. It is 48.20 % higher than last year.Higher production size based on good rabi prospects have started reflecting its impact on price.Import volume,lower quotes from Burma would continue to pressurize prices.Price stabilization is expected by March end.