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Urad (Black Matpe) News - Urad Global Availability Pegged At 27.3 Lakh MT In 2022 ,Same As 2019 20
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Urad Global Availability Pegged At 27.3 Lakh MT In 2022 ,Same As 2019-20

Speaking on the Myanmar/India Urad status in the OATA Myanmar Panel Discussion Mr. Hitesh Jain,country head,AGT Foods & INGREDIENTS INC. hinted towards ample availability this year in Myanmar,based on higher production estimate there.According to mr. Jain production of Urad has been on the rise  in Myanmar  from 2019-20 and continued to increase till 2022.It increased to 6.3 lakhMT in 2020-21 from 5.5 lakh MT in 2019-20. This year it may increase to 6.8 lakh MT.Urad production in India is likely to decline 23.4 lakh MT in 2020-21 to 20.5 lakh MT in 2021-22.So, India would remain a major buyer for Urad from Myanmar,taking advantage of G to G deal  for 2.5 lakh MT import annually for the next 5 years.It may increase supply in India as the production prospect seems very good.  Arrivals from the new crop is expected soon.As Production size in India is low this year,prices are unlikely to decline much from the current level.If Rabi crop in India suffers much due to weather aberation,prices of Urad may increase in the domestic market.Total gloabl availability might be at 2019-20 level of 27.3 lakhMT in 2022.