web stats analysis

Agriwatch - News
logo
Download Our Android App From Google Play Store
  • You are here:
  • Home
  • Free News

Ample Supply From Myanmar May Limit Uptrend In Urad Cash Market

Urad cash market traded almost steady in various markets as the poor offtake from mills limited the scope for upward momentum. Apart from it,good import volume is expected from Myanmar this year and it would ease supply  side in the domestic market despite low production prospects in Rabi season in south India. Urad FAQ and SQ traded at 6250 and 6725 in Chennai market while it traded at 6400 in Mumbai market. New crop was traded at 6500.Agriwatch expects range bound movement in cash market until and unless weather turns rough. Factors like weather conditions, the import flow, quotes in Myanmar and the demand side would be a major price driver for the Urad market. Under the prevailing condition sideways movement is expected.