Prices of gram, pigeon pea and lentils fast, prices of other pulses stable
Wheat prices stable, guar gum and seeds soft
New Delhi. The price of gram in Delhi increased by Rs 50. According to traders, it rained at some places in the producing states during the last 24 hours and the weather is still bad. That’s why the prices of gram are increasing. According to experts, after the weather clears, the arrival of new crop will increase in Rajasthan and Madhya Pradesh, keeping in view which the millers are purchasing only as per the requirement. Therefore, one should not trade assuming great bullishness. However, the production estimate of gram in the current season is low, and good quality old gram is less in the markets. In Delhi, the price of gram from Rajasthan rose by Rs 50 to Rs 6,300 per quintal, while the price of gram from Madhya Pradesh increased by Rs 50 to Rs 6,250 per quintal. The daily arrival of gram was 6 to 7 motors.
The price of Rajasthan Line moth rose by Rs 25 to Rs 6,500 per quintal in Delhi.
In Solapur, pigeon pea prices have increased by Rs 250, in Chennai, the prices of lemon pigeon pea had increased on Friday. However, traders are not yet in favor of a one-sided rise in its prices, because the increased prices are not supporting the demand of pulses mills. Anyway, the central government is continuously reviewing the prices of pulses. According to experts, pulse mills are purchasing pigeon pea at increased prices only as per requirement. The arrival of local pigeon pea will continue in the producer markets, and the import of lemon pigeon pea will also increase in the coming days. In view of the new crop, millers are also purchasing as per requirement. Therefore, one should not trade assuming a big rise in its price. In Solapur mandi, the price of new desi arhar was quoted at Rs 9,500 to Rs 10,550 per quintal.
The prices of imported urad in dollar terms in Chennai had increased on Thursday, while today its prices became stable. The demand for urad dal in wholesale and retail is weaker than normal, and the arrivals of new urad have increased in Krishna district. On the other hand, new urad is arriving in Orissa also. Due to the strictness of the Central Government, the mills are purchasing urad only as per the requirement. However, due to the consumption season, South India’s demand for urad dal will increase in the coming days. According to experts, the total production estimate of urad in the current season is likely to be less. Therefore, its prices are now expected to remain limited bullish and bearish. In Chennai, urad SQ was quoted at $1,090 and FAQ at $1,020 per tonne.
Moong prices remain stable in Delhi even today. According to traders, there is a limited rise in the prices of moong and the recession is expected to continue. Whereas due to the consumption season, the demand for moong dal from the consuming states will still remain, and the production estimate of moong in Kharif has reduced. There was a reduction in sowing in the current Rabi. Anyway, the daily arrival of moong in the producing states has decreased compared to earlier. However, NAFED is continuously selling moong. Therefore, there is no possibility of a unilateral increase in the prices of moong and recession. In Delhi, Rajasthan line moong prices remained stable at Rs 8,900 to Rs 9,000 per quintal.
The price of desi lentils has increased by Rs 100 in Delhi. However, the prices of imported lentils had declined in the last two days. According to traders, the arrival of new lentils has started in the markets of Madhya Pradesh, but the weather is bad due to which there is a fear that the arrival will be affected. However, if the weather remains clear after Holi, there will be an increase in the arrival of new lentils in Madhya Pradesh as well as Uttar Pradesh. Record production of lentils is estimated in the current Rabi. However, due to less outstanding stock, the arrival of old desi lentils is decreasing in the producer markets, while the demand for lentils from the consuming states of Bihar, Bengal and Assam is expected to remain the same. Therefore, one should not trade assuming great bullishness. In Delhi, the price of local lentils was Rs 6,025 per quintal.
Along with paddy, the prices of Basmati rice have softened. According to traders, the purchase of Basmati rice from exporters is weak and the millers are also not selling by reducing the price. Therefore, there may be limited rise and fall in the prices of rice and paddy. In Sirsa mandi, the price of DP 1,401 variety of paddy was Rs 3,800 to 4,013 and that of PB 1 variety of paddy was Rs 3,731 per quintal and in Tohana mandi, the price of 1,401 variety of paddy was Rs 3,950 and 1,886 variety of paddy was Rs 3,800 per quintal.
Wheat prices remained stable at Rs 2,550-2,625 per quintal at Lawrence Road. After Gujarat, arrival of new wheat has started in some markets of Madhya Pradesh, but there is still time for new wheat to arrive in the states of North India. Therefore, there may be a slight improvement in its price but there is no possibility of a big rise.
Maize prices became stable. According to traders, the arrival of old maize in the producer markets has reduced compared to earlier, while the arrival of Rabi maize will start in the mandis of Bihar after the middle of the current month. Therefore, its price is expected to remain limited bullish and bearish. In Sangli, the price of starch quality maize was Rs 2375 per quintal.
Millet prices have remained almost stable. The arrival of millet in the producer markets is decreasing significantly, hence its price is expected to improve in future. In Punjab, poultry feed millet was traded at the rate of Rs 2450 per quintal.
Barley prices remain stable in the producing markets. According to traders, the demand for barley from malt companies will still remain, due to which there is no possibility of a major decline in its price. The outstanding stock of barley is low, while the new crop will arrive in March, April.
Sugar prices remain stable. Traders are not too bearish on sugar right now, anyway the consumption season will start next, hence the demand for sugar is expected to remain. Sugar production in the current crushing season has been 254.70 lakh tonnes, which is less than 259.05 lakh tonnes in the same period last year.
Mustard prices have strengthened. However, traders are not very bullish. After the weather clears, the arrival of new mustard in the domestic markets will increase, and the production estimate for the current season is also high. In such a situation, no big rise in prices is expected. The prices of mustard oil and mortar became stable.
In the domestic market, the prices of soya and palm oil have increased by five rupees, while the prices of other edible oils remain stable. There was a softening of palm oil prices in Malaysia at the end of the current week. According to experts, there is no possibility of a big rise in the prices of edible oils in the world market, hence a slight improvement in their prices is expected in the domestic market also.
Soybean prices remain stable in producer markets. Therefore, traders are not very bullish on its price in the domestic market. At present the daily arrivals in the producer markets will remain the same, while the plants are purchasing only as per requirement.
Cotton prices have weakened in the domestic market. There was a decline in the prices of cotton in the foreign market on Friday, hence the purchases by the mills in the domestic market also have reduced. However, exports of cotton seem to be falling, hence due to continued demand from spinning mills, its price is expected to improve further in the domestic market. Anyway, there will be a decrease in daily arrivals of cotton in the coming days.
The prices of cottonseed and cotton cake became stable. According to traders, the daily arrivals of cotton in the producer markets have decreased compared to before, and the arrivals will decrease further in the coming days, hence there are chances of a slight improvement in their prices.
The prices of guar seed and guar gum have weakened. According to traders, due to the activity of stockists, its prices had increased in the beginning of the current week, but the demand for plots at higher prices could not remain stable. Anyway, there is more outstanding stock of guar seeds with the plants. Exports of guar gum products declined during April to December compared to last year. Therefore, there is no expectation of a one-sided increase in its price right now.