Mixed trend in gram, prices of other pulses stable
Wheat prices rise for the second day, guar gum and seeds improve
New Delhi. There was a mixed trend in gram prices in Delhi, new gram prices from Rajasthan opened higher by Rs 25, while gram prices from Madhya Pradesh softened. 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.
In Delhi, the price of new gram from Rajasthan increased by Rs 25 to Rs 5,700 to Rs 5,725 per quintal, while the price of new gram from Madhya Pradesh decreased by Rs 25 to Rs 5,675 to Rs 5,700 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 became stable in Solapur. Its prices in Chennai remain stable in dollars. 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.
Imported urad prices remain stable in dollar terms in Chennai. However, its prices softened in the domestic market on Wednesday. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, while the arrival of the new crop continues in Telangana as well as Andhra Pradesh. 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. In Chhindwara mandi, urad prices stabilized at Rs 6,800 to Rs 8,000 per quintal.
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 Dahod, new moong prices remained stable at Rs 7,000 to Rs 7,500 per quintal.
Prices of desi lentils weakened by Rs 25 in Delhi. According to traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrival of new lentils will increase within the 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 desi lentils was quoted at Rs 6,225 to Rs 6,250 per quintal.
Along with paddy, there is demand for Basmati rice, while the stock of paddy with the stockists is at a high price and only limited quantity of old stock is left. Therefore, there is no possibility of much downside in the current price. In Tohana Mandi, the price of 1,718 varieties of paddy was quoted at Rs 4,050 to 4,300 per quintal, the price of 1,121 varieties of paddy was quoted at Rs 4,430 and the price of 1,847 varieties of paddy was quoted at Rs 3,300 per quintal. In Ratia Mandi, the price of 1,401 varieties of paddy opened at Rs 4,281 per quintal.
Wheat prices increased by Rs 10 from Rs 2525 to Rs 2535 per quintal at Lawrence Road. 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 Rabi maize has started in the markets of Bihar, and its arrival will increase further in the coming days, hence its price is expected to soften further. Bilti prices of maize remained stable at Rs 2,350 to Rs 2,410 per quintal in Sangli Mandi.
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 mandi, millet fell by Rs 15 and the price stood at Rs 2,325 per quintal.
The price of barley has declined. According to traders, the arrival of the new crop has started, and the arrival will increase further in the coming days, hence its prices will weaken further. The price of barley in Charkhi Dadri mandi decreased to Rs 1,850 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.
Mustard prices are expected to stop. There is a holiday in Malaysia, while soy oil has improved in Chicago. However, 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. Demand for mustard oil and mortar is weak.
There has been a decline of 10 to 15 rupees in edible oils in the domestic market. Palm oil futures are closed due to holidays in Malaysia, although soy oil has improved in Chicago. 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 became stable in producer markets. According to traders, there is not much expectation of increase 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. In Chicago, soybean and meal prices have opened weak, while soy oil prices have increased.
There has been a decline in the prices of cotton in the domestic market, on the other hand, there was a decline of three points in the prices of cotton in the foreign market on Wednesday, whereas today there is a mixed trend in its prices. Hence, procurement from domestic mills became weak. Anyway, due to March closing, business is also being done in limited quantity. Mills’ purchases of cotton are expected to increase in April.
The prices of cottonseed and cotton cake have improved, although traders are not very bullish. Oil mills are purchasing cotton only as per the requirement, however, 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 slight rise in their prices, but recession may continue. is estimated.
Prices of guar seed and guar gum became stable. 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.