Urad Prices on the Rise Amid Import Cost Surge and Supply Crunch
The urad market is gradually showing signs of an upward trend. Several dal mills in South India have increased their purchases, leading to renewed demand. Prices for Myanmar-origin urad have risen by $10 per ton for June–July shipments, now quoted around $880 per ton. Similarly, CIF rates for Maska urad have increased by $20, reaching up to $860 per ton. This international price rise is beginning to reflect in domestic markets as well. In Surat, Gollage urad rose by ₹50 to ₹7,150 per quintal, and Parsiya urad reached ₹7,300 per quintal. In Delhi, urad prices surged by ₹225 to ₹7,125 per quintal, while premium varieties were quoted as high as ₹7,950 per quintal. However, due to heavy selling and limited buying, prices remained steady in some regions. In Madhya Pradesh, markets like Jabalpur and Guna witnessed lower arrivals, which supported price levels. Similarly, a decline in arrivals from Bihar and Eastern Uttar Pradesh has put supply under pressure. In Maharashtra, reduced production estimates have raised traders expectations of further price gains. Mumbai also saw a ₹225 rise, with prices touching ₹6,400 per quintal, although rates remained steady at ₹6,722 in some areas. Compared to last week, buyer activity in the markets has improved slightly, though bulk buyers continue to remain cautious. Additionally, from July 7, the government will begin procurement of urad and moong at MSP rates, and the registration process is currently underway. This announcement has provided psychological support to the market. Overall, falling supply, costlier imports, and growing demand from mills suggest a likelihood of further price increases in urad in the coming days. Traders are advised to operate with caution and discretion.