Prices of pigeon pea, gram and other pulses remain stable
Improvement in wheat prices, decline in guar gum and seeds.
New Delhi. Chana prices became stable in Delhi, although its prices had weakened on Tuesday. According to traders, no big rise in the price of gram is expected right now. If the weather remains favorable in the producing states, the arrival of new gram will increase from next week. Keeping this in view, pulse millers are purchasing only as per requirement. In the coming days, due to the pressure of new crop arrivals, the current prices are expected to fall further, hence one should not buy at these prices. However, the production estimate of gram in the current season is low, and very little old gram of good quality is left in the markets.
In Delhi, the prices of gram from Rajasthan remained stable at Rs 5,850 to Rs 5,875 per quintal, while the prices of gram from Madhya Pradesh were quoted at Rs 5,800 to Rs 5,825 per quintal. New gram prices of Rajasthan stabilized at Rs 5,750 to Rs 5,775 per quintal, while new gram prices of Madhya Pradesh stabilized at Rs 5,725 to Rs 5,750 per quintal. The daily arrival of gram was 6 to 7 motors.
In Jaipur mandi, the price of moth bilti became stable at Rs 6,500 per quintal.
Pigeon pea prices rose by Rs 100 in Solapur. Lemon prices in dollar terms remain stable in Chennai. According to traders, import of lemon is expensive, hence importers can increase its price slightly, but a big increase is not expected. Anyway, in the coming days, the arrival of lemon from Myanmar will increase, along with new shipment of pigeon pea will come from Sudan. In the domestic market, pulse mills are purchasing only as per requirement 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. Therefore, one should not trade assuming a big rise in its price right now. In Solapur market, the price of desi pigeon pea was quoted at Rs 9,500 to Rs 10,500 per quintal.
Prices of imported urad are stable in dollar terms in Chennai, while the market in Burma is closed. According to traders, however, imports of urad are expensive, hence importers in the domestic market want to increase its prices. Although the wholesale and retail demand for urad dal is weaker than normal, 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, due to the activity of stockists in the domestic market, there may be a slight improvement in the prices of urad but there is no possibility of a big rise. Urad prices stabilized at Rs 6,000 to Rs 7,000 per quintal in Dahod mandi.
Moong prices became stable in producer markets. Traders are not in favor of a big rise in the prices of moong right now. The weather is clear, hence the daily arrival of moong in the markets of the producing states 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 Chhindwara, moong prices remained stable at Rs 6,800 to Rs 8,000 per quintal.
Prices of local lentils became stable in Delhi. According to traders, if the weather continues in Madhya Pradesh as well as Uttar Pradesh, then the arrival of new lentils will increase in a week. 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. Therefore, there is no possibility of a big rise in its price. In Delhi, the price of local lentils was Rs 6,300 per quintal.
Along with paddy, sales of Basmati rice are weak. According to traders, there is still demand from exporters for Basmati rice, while the paddy stock with the stockists is at a high price, hence there can be further improvement in the current price. In Tohana Mandi, the price of 1,401 varieties of paddy was quoted at Rs 4,290 to 4,331 and that of 1,885 varieties of paddy was quoted at Rs 4,415 per quintal. In Ratia Mandi, the price of 1,401 varieties of paddy opened at Rs 4,281 to Rs 4,285 per quintal.
Wheat prices increased by Rs 25 at Lawrence Road from Rs 2500 to Rs 2525 per quintal. However, traders are not very bullish. If the weather is favourable, the arrival of new wheat in the states of North India will start after the next eight to ten days, hence its price is expected to soften further. The arrival of new wheat in Madhya Pradesh and Rajasthan will now increase.
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. Maize prices remained stable at Rs 2,140 to Rs 2,200 per quintal in Chhindwara mandi.
Millet prices are stable. The arrival of millet in the producer markets is decreasing considerably, hence there is no possibility of much decline in its price. In Charkhi Dadri, millet was traded at the rate of Rs 2,340 per quintal.
Barley prices remain stable. According to traders, the demand from malt companies in barley will still remain, but now a big rise is not expected. The arrival of new barley crop will increase in the coming days. The price of barley in Charkhi Dadri mandi was 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, in the current crushing season till March 15, sugar production has been 280.79 lakh tonnes, whereas in the same period last year, 282.60 lakh tonnes had been produced.
The price of mustard is expected to fall. The prices of edible oils have declined in the world market. 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. Mustard oil increased by Rs 10, but demand in the market is weak.
There is a mixed trend in edible oils in the domestic market, the prices of mustard oil and palm oil have opened high, while those of soya oil, palmolein and sunflower have opened weak. On the other hand, in Malaysia, the price of palm oil in the futures contract for the month of June weakened by 90 rigints to 4,146 rigints per tonne. There is no expectation of a big rise in edible oils in the world market, hence their prices will not rise much in the domestic market.
Soybean prices have weakened 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 the requirement. The prices of soybean, soy oil and meal opened weak in Chicago.
Cotton prices in the domestic market have increased for the second day, on the other hand, in the foreign market, there was a three-digit increase in cotton prices on Tuesday, due to which the purchases from domestic mills have increased. However, due to March closing, the trade is also limited. Used to be. Mills’ purchases of cotton are expected to increase in April.
The prices of cottonseed and cotton cake softened on the second day. 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 may be a slight softening in their prices, but there is little chance of a major decline.
The prices of guar seed and guar gum have declined. 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.