Urad Prices Tumble as Brazil Steps In and Indian Demand Stays Flat
Urad prices remained under pressure this week due to increased selling and lack of buying interest. New crop arrivals have started in Uttar Pradesh’s Chandousi and Saharanpur regions. Higher availability of urad at ports and producing centers, coupled with sluggish demand, has weighed on prices. With rising supply and slow consumption, prices are expected to remain weak in the near term. Traditionally, India imports urad mainly from Myanmar. However, between January and October 2025, imports from Brazil surged sharply to 1.98 lakh tonnes — nearly 2.5 times higher than the 76,000 tonnes imported during the same period last year. Data shows that shipments from Brazil picked up pace in July and peaked in September–October. In July, India imported 40,494 tonnes, followed by 30,325 tonnes in August, 39,960 tonnes in September, and 53,779 tonnes in October. Experts believe that due to India’s large market size and damage to kharif crops, urad imports from Brazil are likely to continue at a significant scale. In the domestic market, weak demand and selling pressure from importers led to a ₹50–75 per quintal drop in Chennai urad prices this week. By the end of the week, FAQ-grade urad was priced at ₹6,725 per quintal, and SQ-grade at ₹7,375 per quintal. Similarly, in Mumbai, prices softened by ₹25 per quintal, settling at ₹6,825 per quintal. Myanmar: Due to increased selling pressure and sluggish export demand, Myanmar urad FAQ and SQ prices fell by $5 per tonne each this week. By the week’s close, FAQ was quoted at $740 per tonne and SQ at $815 per tonne. Delhi: Following weak port prices and reduced buying from dal millers, urad prices in Delhi declined by ₹75 per quintal. By week’s end, FAQ-grade urad was priced at ₹7,025 per quintal and SQ-grade at ₹7,725 per quintal. Madhya Pradesh: With both buying and selling activity subdued, urad prices in Madhya Pradesh dropped by ₹50–100 per quintal during the week. By the weekend, prices stood at ₹5,000–7,000 in Jabalpur, ₹3,101–6,200 in Kareli, ₹4,000–5,800 in Ganjbasoda, and ₹6,500–7,000 per quintal in Indore.