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Urad Continues To Trade Range Bound

  • Urad market traded range bound during the week under review despite new arrivals from rabi crop in south Indian states.Some recovery in Urad market was seen in last 10 days due to buying from mills. With decreased buying interest by private trades uptrend could not sustain at higher level.In Chennai market FAQ urad traded in the range of Rs4150 to Rs4400 per qtl. As stock is higher any major recovery in the market is unlikely despite procurement drive by govt.’s agencies.