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Urad (Black Matpe) News - CandF Quotes for Urad at Chennai Increased Significantly:
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C&F Quotes for Urad at Chennai Increased Significantly:

Urad or Black Matpe SQ and FAQ C&F prices at Chennai which during the May end was around USD 935 and USD 835 per MT respectively have rose to USD 1065 and USD 955 per MT till June 29th, 2022 up by 14 and 14.4 percent in a month’s time.

Continuously depreciating rupee against dollar is one of the key reasons for such increase in C&F quotes. Also, there are apprehension that during the current Kharif 2022, the Urad acreage will go down amid shift to other lucrative crops like Cotton, Corn, Paddy etc. which further fueled the prices.

Due to the given situation, the exporters at origin (Burma) increasing their quotes amid anticipating increased demand for Urad moving ahead as they are aware about the prevailing shortage in India.

On the other hand, Tur Lemon prices also rose to USD 835 per MT from USD 800 per MT up by almost 4.5% a month ago.

C&F Prices at Chennai:

Pulses

Current C&F Prices (29-06-2022)

Corresponding Period Last Month (May End)

Var. (%) Current Vs May End

Urad SQ

1065

935

13.9%

Urad FAQ

955

835

14.4%

Tur Lemon

835

800

4.4%