Prices of Burma black gram FAQ variety slipped Rs. 400 at Rs. 6550/100 kg in Mumbai amid dull buying by mills and [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’] overseas supplies at lower landing cost in Chennai port after the government allowed free import. Meanwhile, parity in import was seen.
Similarly, Burma black gram SQ-FAQ varieties in Chennai were also quoted Rs. 250 down at Rs. 7150/100 kg and Rs. 6750 respectively.
The direct container vessel carrying black gram from Yangon has already reached Chennai port. Approximately 50,000-70,000 MT of black gram and red gram is expected to ship for India in June month.
As per Burma-based local traders, Indian buyers were active in purchasing large quantities at lower rates. However, sellers were least interested in liquidating their stock at lower prices. Container charges are higher due to shortage. Freight charges in the container around $130-$150.
Arrivals of summer crop black gram have already begun at Madhya Pradesh and Gujarat. Summer crop new black gram traded in the range of Rs. 6000-6500/100 kg at Jabalpur and Rs. 6800-7000/100 kg at Veraval market.