Pigeon peas and lentils weak, gram and moong strong, prices of other pulses stable
Wheat prices soften, guar gum and seeds soften
New Delhi. The prices of gram in Delhi have increased by Rs 25. Its prices had closed weak at the end of last week, but stockists are buying at lower prices. However, traders believe that if the weather remains favorable in the producing states, the arrival of new gram will increase after Holi. Therefore, millers are purchasing as per requirement only. Anyway, once the pressure of new crop arrivals builds, prices will weaken. Therefore, one should buy at the lower price 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 25 to Rs 6,050 per quintal, while the price of gram from Madhya Pradesh rose by Rs 25 to Rs 6,000 per quintal. New gram prices of Rajasthan increased by Rs 25 to Rs 5,950 per quintal, while new gram prices of Madhya Pradesh remained stable at Rs 5,900 per quintal. The daily arrival of gram was 4 to 5 motors.
Rajasthan Line moth prices rose by Rs 25 to Rs 6,450 per quintal in Delhi.
Pigeon pea prices weakened by Rs 100 in Solapur. According to traders, its prices had increased at the end of last week, but purchases are not increasing at the increased prices. In the domestic market, pulse mills are purchasing only as per requirement at increased prices because the demand for arhar dal is weaker than normal. On the other hand, 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. However, imports are expensive, so stockists want to increase the prices. In Solapur mandi, the price of desi pigeon pea was quoted at Rs 9,500 to Rs 10,450 per quintal.
Prices of imported urad are stable in dollar terms in Chennai. According to traders, its prices in dollar terms have increased in the last week, hence there may be a slight improvement in the prices of urad in the domestic market but there is no possibility of a big rise. 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. 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 $1,125 and FAQ at $1,050 per tonne.
Moong prices increased by Rs 25 in Delhi. However, traders are not yet in favor of a big rise in the prices of moong. The weather is clear, hence the daily arrival of moong in the producer markets has started increasing compared to before. Also, due to it being the consumption season, the demand for moong dal will still remain, and the production estimate of moong is likely 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 9,125 to Rs 9,225 per quintal.
Prices of desi lentils weakened by Rs 25 in Delhi. According to traders, the weather is favorable in Madhya Pradesh as well as Uttar Pradesh, hence the arrival of new lentils will increase after Holi. 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 local lentils was Rs 6,175 per quintal.
There has been a slight improvement in the prices of paddy, along with which the demand for Basmati rice has increased. According to traders, demand from exporters for Basmati rice has improved compared to before, while millers are not selling by reducing the price. Therefore, there is no possibility of much decline in the prices of rice and paddy. In Tohana Mandi, the price of 1,401 varieties of paddy was quoted at Rs 4,300 per quintal and in Ratia Mandi, the price of 1,401 varieties of paddy was quoted at Rs 4,311 per quintal. In Narwana mandi, the price of paddy of 1,121 variety was Rs 4,480, 1,185 variety was Rs 4,380 and 1,718 variety was Rs 4,280 per quintal.
1,718 sela of rice from Rajasthan line was traded at the rate of Rs 7,350 to 7,400 per quintal.
Wheat prices weakened by Rs 25 to Rs 2,625 per quintal at Lawrence Road. According to traders, new wheat will start arriving in the states of North India after eight to ten days. Therefore, its price is expected to soften gradually. If the weather is favourable, the arrival of new wheat will increase in Madhya Pradesh and Rajasthan after Holi.
Maize prices remain 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 from next week. Therefore, its price is expected to remain limited bullish and bearish.
Millet prices stabilised. The arrival of millet in the producer markets is decreasing considerably, hence there is no possibility of much decline in its price. Poultry feed millet reaching Punjab was traded at the rate of Rs 2430 per quintal.
Barley prices have increased. According to traders, the demand for barley from malt companies will still remain, due to which its price may improve further, anyway the outstanding stock of barley is less, while the arrival of the new crop will continue throughout the week. The price of barley in Charkhi Dadri Mandi reached Rs 2,000 per quintal.
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.
The price of mustard has declined. According to traders, the prices of edible oils have opened high in the world market today, but the weather is favorable in the producing states, hence the arrival of new mustard will continue. In such a situation, there is no possibility of a big rise in its prices. The price of mustard oil has weakened by Rs 40, and the demand for mortar is weak.
The prices of edible oils in the domestic market became almost stable today. On the other hand, in Malaysia, the price of palm oil increased by five rigits to 4,292 rigits per ton in the futures contract for the month of May. There will not be much decline in the prices of edible oils in the world market, hence there may be a slight improvement in their prices in the domestic market.
Soybean prices became weak in the producer markets. According to traders, there is no expectation of much rise in 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. Soybean prices are weak in Chicago, while the prices of soy oil and meal have increased.
Cotton prices became stable in the domestic market, whereas in the foreign market, its prices improved and closed on Friday, hence, there is no big fall in its price expected in the domestic market. Ginners are not selling by reducing the price. On the other hand, purchases of spinning mills are expected to continue, hence its prices are 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 became weak. 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 softened. 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.