Improvement in gram, lentil and pigeon pea, prices of other pulses stable
Slowdown in wheat, rise in guar gum and seed
New Delhi. In Delhi, the prices of Madhya Pradesh gram opened 25 rupees higher, while the prices of Rajasthani gram became stable. According to the trader, if the weather remains favorable in the producing states, then the arrival of new gram will increase in the coming days. Therefore, the dal millers are currently buying gram only as per the need. When the pressure of arrivals of the new crop builds up, a slight fall in the current prices is expected, 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 remained stable at Rs 5,775 to Rs 5,800 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 25 to Rs 5,750 to Rs 5,775 per quintal. The daily arrival of gram was of 3 to 4 motors.
Moth bill prices weakened to Rs 6,400 per quintal in Jaipur market.
In Solapur, the prices of pigeon pea have opened strong. According to traders, lemon prices had risen at the end of last week, so importers are increasing its prices, although a big rise is not expected. Anyway, in the coming days, the arrival of lemon from Myanmar will increase, along with new pigeon pea shipments from Sudan will arrive. In the domestic market, pulse mills are buying only as per the requirement because the demand for pigeon pea is weaker than normal. On the other hand, the central government is constantly reviewing the prices of pulses. According to experts, the arrival of Desi pigeon pea will continue in the producing markets. In Solapur market, the price of Desi pigeon pea was quoted at Rs 9,500 to Rs 10,700 per quintal.
The prices of Urad imported from Burma are stable in Chennai in dollar terms. According to experts, the prices had risen in dollar terms last week, but in the domestic market, the wholesale and retail demand for Urad dal is weaker than normal, while the arrival of Urad is continuing 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. In any case, the import of Urad from Myanmar will increase in the coming days, in any case the production estimate in Myanmar is high. In such a situation, 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. The prices of Urad SQ from Burma to Chennai remained stable at $ 1,125 and FAQ at $ 1,035 per ton, C&F.
The prices of moong have become stable in the producing markets. Traders are not in favor of a big increase in the prices of moong right now. The weather is clear, therefore the daily arrival of moong in the markets of the producing states has started increasing as compared to before. Also, as it is the consumption season, the demand for moong dal will remain and there is a possibility of reduction in the production estimate of moong. Therefore, limited increase or decrease in its price is expected. The prices of moong remained stable at Rs 6,800 to Rs 8,000 per quintal in Chhindwara market.
The price of Desi Masoor has opened 25 rupees higher in Delhi, although the traders are not in favor of a big rise. According to the traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, then the arrival of new lentils will increase in the coming days. Record production of lentils is expected in the current Rabi season. Therefore, its prices are expected to soften further. However, due to low outstanding stock, the arrival of old Desi lentils is decreasing in the producing 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. The price of Desi lentil in Delhi was quoted at Rs. 6,300 to Rs. 6,325 per quintal.
Along with paddy, the price of Basmati rice also became stable. According to the traders, the mills have stock of paddy at high prices, while the export demand for rice is expected to remain. Therefore, there will not be much decline in the prices. In Tohana market, the price of 1,401 variety of paddy was Rs. 4225 and the price of 1,718 variety of paddy was Rs. 4,335. And in Sirsa market, the price of 1,401 variety of paddy was quoted at Rs. 4,297 per quintal. In Ratia, the price of 1,401 variety of paddy was Rs. 4,311 per quintal.
Wheat prices weakened by Rs 40 to Rs 2525 per quintal at Lawrence Road. If the weather remains favorable, the arrival of new wheat in the states of North India will start from next week, so its price is expected to soften. There has been an increase in the arrival of new wheat in Madhya Pradesh and Rajasthan.
The prices of maize have softened. According to traders, the arrival of maize in the markets of Bihar has increased as compared to earlier, and its arrival will increase further in the coming days, hence its prices are expected to soften further. The bill price of maize in Sangli market remained at Rs 2,340 per quintal.
The prices of millet have become stable. According to the traders, the arrival of millet in the producing markets is decreasing, so there is no possibility of much decline in its price. Millet reached Jagdishpur and was traded at the rate of Rs 2,430 per quintal.
The prices of barley have weakened. The arrival of new crop of barley has increased in the producing markets, and the arrival will increase further in the coming days, so its prices are expected to decrease further. The prices of barley in the producing markets are running from Rs 1500 to Rs 1,800 per quintal depending on the quality.
Sugar prices remain stable. Traders are not very bearish on sugar right now, due to the summer season, demand for sugar is expected to remain. However, the central government has released a large amount of sugar quota for March.
There is hope of improvement in the price of mustard. There has been an improvement in palm oil in Malaysia, and soya is also rising in Chicago. However, if the weather remains favourable in the producing states, the arrival of new mustard will continue. In such a situation, there is no possibility of a big increase in its prices. The prices of mustard oil and cake have become stable.
In the domestic market, the prices of edible oils have opened 5 to 10 rupees higher. In Malaysia, the June palm oil futures contract rose by 39 ringgits and the price reached 4,233 ringgits per tonne. However, a one-sided big rise in edible oils is not expected in the world market, so there may be a slight improvement in their prices in the domestic market but the chances of a big rise are low.
Soybean prices have stabilized in the producing markets. According to traders, its prices are not expected to increase much in the domestic market. Daily arrivals in the producing markets will remain the same, while plants are buying only as per their requirement. Soybean and soy oil prices have opened high in Chicago, while there has been a slowdown in mills.
Cotton prices have improved in the domestic market, its prices have increased in ICE cotton futures, due to which the demand of domestic mills has increased. According to traders, the demand of spinning mills is expected to remain in cotton, in any case the outstanding stock of cotton with the mills is low. Therefore, prices are expected to increase further.
The prices of cottonseed and cottonseed cake have increased. According to traders, selling at lower prices has decreased, although oil mills are buying cottonseed only as per their requirement. The daily arrivals of cotton in the producing markets have decreased as compared to earlier, and the arrivals will decrease further in the coming days, hence a slight increase or decrease in their prices is expected.
Prices of guar seed and guar gum have increased. According to traders, stockists are active, so there can be a slight increase in its price, but a big increase will not last. Export demand for guar gum products is weaker than normal. However, daily arrivals of guar seed have decreased compared to earlier.