India regular import of urad dal from Myanmar is causing prices to weaken.
For the current fiscal year, the import of urad dal is expected to reach 256,317 tons during the first four months (April-July 2024), which is 124,366 tons more than the actual import of 131,951 tons during the same period last year. During this period, imports have surged from 25,016 tons in April to 55,436 tons, from 31,625 tons in May to 77,775 tons, from 40,985 tons in June to 74,373 tons, and from 34,325 tons in July to 48,733 tons. For the fiscal year 2023-24, the total import of urad dal is projected to be 624,222 tons, which is higher than the imports of 524,813 tons in 2022-23 and 611,611 tons in 2021-22. In previous fiscal years, the imports were 344,790 tons in 2020-21 and 312,078 tons in 2019-20. The majority of India’s urad dal imports come from Myanmar, with smaller quantities imported from Brazil and Thailand. For July 2024, it is estimated that India will import a total of 48,733 tons of urad dal, including 47,197 tons from Myanmar, 1,386 tons from Brazil, and 150 tons from Thailand. Of this, 42,399 tons were imported through the Chennai port, 4,209 tons through JNPT, and 2,125 tons through the Kolkata port. The import of urad dal from Myanmar is expected to continue regularly. The area under urad dal cultivation for the Kharif season is slightly lagging compared to last year, with the total sown area reaching 25.96 lakh hectares as of August 2, 2024, which is 25,000 hectares less than the same period last year, which had a sown area of 26.21 lakh hectares.