Gram fast, pigeon pea slow, prices of other pulses stable
Wheat prices soften, guar gum and seed prices fall
New Delhi. The prices of gram have increased in Delhi. Although traders are not very bullish on gram in view of the arrivals of the new crop, anyway the weather is clear in the producing states, hence the arrivals of the new crop in Rajasthan and Madhya Pradesh will increase after Holi. This is why millers are purchasing as per requirement only. 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 6,050 to Rs 6,075 per quintal, while the price of gram from Madhya Pradesh increased by Rs 75 to Rs 6,000 to Rs 6,025 per quintal. The daily arrival of gram was 1 to 2 motors. The price of new gram in Rajasthan increased by Rs 50 to Rs 5,950 to Rs 5,975 per quintal, while the price of new gram in Madhya Pradesh increased by Rs 50 to Rs 5,900 to Rs 5,925 per quintal.
Rajasthan Line moth prices in Delhi increased from Rs 6,450 to Rs 6,475 per quintal.
Pigeon pea prices weakened by Rs 100 in Solapur, lemon prices weakened by Rs 100 in Chennai in the last two working days. According to traders, the subscription of arhar dal is not increasing in the spot market, due to which there may be a slight improvement in the prices of arhar due to the activism of stockists, but there is no possibility of a big rise. Anyway, at the increased prices, millers are purchasing only as per requirement. The central government is constantly 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 pigeon pea was quoted at Rs 9,500 to Rs 10,350 per quintal.
Imported urad prices remain stable in dollar terms in Chennai. According to traders, the wholesale and retail demand for urad dal is weaker than normal, while the arrival of the new crop in Telangana as well as Andhra Pradesh will increase in the coming days. Due to the strictness of the Central Government, the mills are purchasing urad only as per the requirement. On the other hand, there will be further increase in the arrivals of new urad in Chennai, due to which the imported goods will be equal. 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, the price of urad SQ was quoted at $1,105 and FAQ at $1,015 per tonne.
Moong prices became stable in producer markets. According to traders, the weather is clear, hence the daily arrival of moong in the producer markets has started increasing compared to before. Also, due to the consumption season, the demand for moong dal will still remain, and the production estimate of moong is expected to be less. Therefore, its price is expected to remain limited bullish and bearish. In Delhi, the price of Rajasthan Line Moong was quoted at Rs 9,000 to Rs 9,100 per quintal.
The prices of local lentils became stable in Delhi, although its prices had weakened on Monday. According to traders, the weather is clear in Madhya Pradesh as well as Uttar Pradesh, hence after Holi, there will be an increase in the arrival of new lentils in the markets of these states. Record production of lentils is estimated in the current Rabi. Therefore, its price is expected to soften further. 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. In Delhi, the price of desi lentils was quoted at Rs 6,125 to Rs 6,150 per quintal.
Along with paddy, the prices of Basmati rice remain stable. According to traders, 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. The price of paddy of 1,401 varieties opened at Rs 4,264 per quintal in Sirsa Mandi and Rs 4,275 per quintal in Ratia Mandi. 1,401 varieties of steam rice from Haryana Line were traded at Rs 7,600 to Rs 7,800 per quintal. Apart from this, 1,718 kg of sela was traded at the rate of Rs 7,200 to Rs 7,231 per quintal.
Wheat prices weakened by Rs 25 at Lawrence Road to Rs 2,700 to Rs 2,725 per quintal. According to traders, there is still time for new wheat to arrive in the states of North India. Therefore its prices have increased, however the stock should be lightened due to the increased price.
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 current week. 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 weakened. However, the arrival of millet in the producer markets is decreasing significantly, hence there is no possibility of much decline in its price. In Charkhi Dadri the market was traded at the rate of Rs 2320 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. Outstanding stocks of barley are low, while the new crop will arrive in late March and 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. Anyway, sugar production is expected to be less in the current crushing season.
Mustard prices have remained almost stable. According to traders, the weather is favorable in the producing states, hence the arrival of new mustard is continuously increasing. In such a situation, no big rise in its prices is expected. Mustard oil prices weakened by Rs 10, while the subscription for Khal is weak.
There has been a decline in the prices of soya oil in the domestic market, while the prices of oils have increased by 5 to 15 rupees. Malaysian palm oil prices rose by 43 rigins to 4,072 rigins per tonne in June, while soy oil in Chicago had a mixed trend. Therefore, there is a possibility of a slight increase in their prices in the domestic market.
Soybean prices remain stable in producer markets. 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 and meal have increased in Chicago, while the trend of soy oil is mixed.
Cotton prices in the domestic market have improved for the second day, even today cotton prices have opened higher in the electronic trading of ICE, hence the prices have increased due to increase in purchases by mills in the domestic market also. In the domestic market, ginners are reducing sales by reducing prices. On the other hand, the purchase of spinning mills is expected to continue, hence its price is expected to improve further. 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 became weak. According to traders, there is more outstanding stock of guar seeds with the plants. Whereas the export of guar gum products has decreased to only 3.39 lakh tonnes during April to January of the current financial year, whereas in the same period of the last financial year, its export was 3.50 lakh tonnes. In such a situation, there is no possibility of any big rise in its prices.