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Urad Market Continues To Trade Under Pressure On Higher Supply

Published on: Jul 15, 03:14

 Urad market continued to trade weak despite retained stock by farmers/stockiests.The reasons behind bearish trend in Urad are mainly attributed to cheaper import from Burma, higher kharif area coverage and continuous release from smaller traders who think that brarish trend to continue.Besides, cheaper availability of other pulses too is affecting demand. Bulk buyers are facing money crunch and they are almost out of the market.All these developments remain restrictive to Urad cash market. Market would continue to reel under pressure in July too.