Moong weak, lentils strong, prices of other pulses stable
, prices of wheat stable, improvement in guar gum and seeds
New Delhi. Gram prices became stable in Delhi. According to traders, its prices became stable due to less selling at lower prices, however, if the weather remains clear in the producing states, the arrival of the new crop in Rajasthan and Madhya Pradesh will increase after Holi, in view of which the millers are purchasing only as per the requirement. Are. 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 was quoted at Rs 6,200 to Rs 6,225 per quintal, while the price of gram from Madhya Pradesh remained stable at Rs 6,125 to Rs 6,150 per quintal. The daily arrival of gram was 4 to 5 motors.
Rajasthan Line moth prices in Delhi weakened by Rs 50 to Rs 6,300 to Rs 6,325 per quintal.
Pigeon pea prices remain stable in Solapur. According to traders, the prices of imported pigeon pea had increased on Tuesday due to increase in dollar price in Chennai. However, at increased prices, millers are purchasing only as per requirement. Therefore, traders are not in favor of one-sided big rise in Pigeon pea, because 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.
Prices of imported urad remained stable in dollar terms in Chennai, although prices have risen in the last two days. 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 $1,100 and FAQ at $1,025 per tonne.
Moong prices weakened by Rs 50 in Delhi today, whereas on Tuesday its price had decreased by Rs 100. 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 was quoted at Rs 8,850 to Rs 8,900 per quintal.
The price of local lentils has increased by Rs 25 in Delhi for the second day. 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 6,300 per quintal.
Along with paddy, the prices of Basmati rice remain 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 Sirsa mandi, the price of DP 1,401 variety of paddy was Rs 3,915, in Ratia mandi the price of 1,401 variety paddy was Rs 3,915 to 3,981 and in Amritsar mandi, the price of 1,121 variety paddy was Rs 4,375 and 1,509 variety paddy was Rs 3,600 per quintal.
Wheat prices remained stable at Rs 2,675-2,700 per quintal at Lawrence Road. It is cloudy in the states of North India, although there is still time for the new crop to arrive in these states. On the other hand, after Gujarat, arrival of new wheat has started in some markets of Madhya Pradesh and Rajasthan, 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. Bilty prices of maize in Sangli Mandi ranged from Rs 2,375 to Rs 2,425 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 Lucknow, poultry feed millet was traded at the rate of Rs 2380 to Rs 2,390 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 prices are expected to improve. The prices of imported edible oils have increased. However, if the weather remains clear in the producing states, the arrival of new mustard is expected to increase further in the coming days. Therefore, a big rise in prices is not expected. Mustard oil prices have weakened by Rs 10, and flour prices have become stable.
The prices of mustard and soya oil have weakened in the domestic market, while the prices of palmolein and palm oil have increased by five to seven rupees. On the other hand, in Malaysia, palm oil prices rose by 55 rigints to 4,041 rigints per tonne in the futures contract for the month of May. Therefore, there is a slight increase in their prices 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. The prices of soybean, soy oil and meal have increased in Chicago.
Cotton prices increased in the domestic market. On the other hand, cotton prices have increased in the foreign market today. 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 improved, although traders are not in favor of a big rise in their prices. 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.