Urad In North India Remains Stable Despite The Low Rabi Area Coverage

The cash Urad market traded stable in Delhi market  FAQ at 6550 and SQ at 7050.More down side movement is unlikely as the pace of import seems to decrease in jan-2022.India imported over 60,000 MT in Dec while the imported quantity was 69000 MT in Nov-2021.Rabi area is laging behind by 7.47% to 6.90 lakh ha.Apart from it, demand is expected to improve as mills have started purchasing for their immediate needs.Crop in Myanmar is good and the harvesting is expected  from mid-Feb,which may hit Indian markets in March.Stock is less and it may push up urad price in the domestic markets in Jan.