Gram weak, lentils strong, prices of other pulses stable
, wheat prices stable, guar gum and seeds soft
New Delhi. The price of gram in Delhi has weakened by Rs 25. According to traders, its prices have weakened due to profit booking by stockists. If the weather remains clear in the producing states, then the arrival of new crop in Rajasthan and Madhya Pradesh will increase after Holi, in view of which the millers are purchasing only as per the requirement. Therefore, now one should not trade in gram assuming a big rise. 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 declined by Rs 25 to Rs 6,225 to Rs 6,250 per quintal, while the price of gram from Madhya Pradesh declined by Rs 25 to Rs 6,175 to Rs 6,200 per quintal. The daily arrival of gram was 2 to 3 motors.
Rajasthan Line moth prices in Delhi weakened by Rs 25 to Rs 6,450 to Rs 6,475 per quintal.
Pigeon pea prices became stable in Solapur. According to traders, the prices of lemon and desi arhar had increased on Monday due to increase in imports, but at the increased prices, millers are purchasing only as per requirement. Therefore, traders are not in favor of one-sided increase in pigeon pea as the increased prices are not supporting the demand of pulse mills. Anyway, the central government is continuously reviewing the prices of pulses. According to experts, 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. In Solapur mandi, the price of new desi arhar was quoted at Rs 9,500 to Rs 10,550 per quintal. On the other hand, in Chennai, the price of lemon arhar weakened by Rs 50 and opened at Rs 10,450 per quintal.
Imported urad prices remained stable in dollar terms in Chennai, though they had risen on Monday. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, while the arrivals of new urad have increased in Krishna district. On the other hand, new urad is arriving in Orissa also. The arrival of new crops in Telangana as well as Andhra Pradesh will increase after Mahashivratri. 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 $1,015 per tonne.
Moong prices remain stable even today in Delhi. 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, the price of Rajasthan Line Moong remained stable at Rs 9,100 to Rs 9,100 per quintal.
The price of local lentils has increased by Rs 25 in Delhi. According to traders, the weather is clear in Madhya Pradesh as well as Uttar Pradesh, and if the weather remains favorable in the future, the arrival of new lentils will increase in the markets of these states after Holi. 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 6,225 per quintal.
Along with paddy, the prices of Basmati rice became stable. According to traders, due to delay in shipment, demand from exporters for Basmati rice is weaker than normal, while 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 Tohana Mandi, the price of DP 1,401 variety of paddy was Rs 3,960 and 1,718 variety of paddy was Rs 4,060 and in Sirsa Mandi, the price of 1,401 variety paddy was Rs 3,600 to 3,931 and PB 1 variety of paddy was Rs 3,400 to 3,627 per quintal. From Punjab Line, 1,401 varieties of steam rice were traded at the rate of Rs 7,600 per quintal.
Wheat prices stabilized at Rs 2,675-2,700 per quintal at Lawrence Road. The weather has now cleared in the states of North India, although there is still time for the new crop to arrive. On the other hand, 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. The price of Aurangabad feed quality maize stood at Rs 2,265 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. Poultry feed millet reaching Punjab 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 as of now, demand for sugar is expected to remain as it is the consumption season. Sugar production is expected to be less in the current crushing season.
Mustard oil prices have opened. According to traders, the weather has cleared in the producing states, hence the arrival of new mustard is expected to increase further in the coming days. Therefore, a big rise in prices is not expected. The prices of mustard oil and mortar became stable.
The prices of refined palm oil have weakened in the domestic market, while the prices of soya oil and sunflower have increased. On the other hand, in Malaysia, the price of palm oil in the futures contract for the month of May increased by 33 rigints to 3,900 rigints per tonne. According to experts, there is no possibility of a big rise in the prices of edible oils in the world market, hence there is a slight rise or fall in their prices in the domestic market too.
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. The prices of soybean, soy oil and meal have weakened in Chicago.
Cotton prices stabilized in the domestic market. Although today the prices of cotton have increased in the foreign market, although recently there was a decline in its price in the world market. Ginners are not selling by reducing prices in the domestic market. On the other hand, spinning mills are also purchasing in limited quantities, hence there is no possibility of much decline in its prices. Anyway, there will be a decrease in daily arrivals of cotton in the coming days.
The prices of cottonseed and cotton cake have softened. 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 is no hope of much decline in their prices.
The prices of guar seed and guar gum have opened weak. According to traders, there is more outstanding stock of guar seeds with the plants. Whereas the export of guar gum products has decreased during April to December as compared to last year. Therefore, there is no expectation of a big rise in its price right now.