Gram and pigeon pea prices rise, lentils fall and prices of other pulses remain stable
Wheat prices continue to soften, Guar gum and seed prices remain stable
New Delhi. The prices of gram in Delhi have opened 50 to 75 rupees higher. According to traders, the production estimate of gram in the current season is low, so stockists want to increase its prices. However, the central government has extended the import period of yellow peas till June, due to which pea import will continue. Also, if the weather remains favorable in the producing states, the arrival of gram will increase and dal mills are purchasing gram only as per the requirement. In such a situation, one should not trade assuming a big rise.
In Delhi, the price of new gram from Rajasthan increased by Rs 50 to Rs 5,925 to Rs 5,950 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 75 to Rs 5,900 to Rs 5,925 per quintal. The daily arrival of gram was of 10 to 12 motors.
The bill price of moth remained stable at Rs 6,600 per quintal in Jaipur market.
In Solapur, the price of pigeon pea has opened 300 rupees higher. The prices of lemon pigeon pea reaching Chennai from Burma rose at the end of last week, due to which its imports are expensive. Therefore, importers want to increase its prices, but the demand support of the mills is not being received, due to which the rise is not being sustained. In such a situation, profit booking should be done in the increased prices. In the coming days, the arrival of lemon from Myanmar will increase, along with the shipment of new pigeon pea from Sudan will come. In the domestic market, the 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 11,600 per quintal.
The prices of Urad imported from Burma stabilized in dollar terms in Chennai, while its prices had increased last week. According to experts, the demand for Urad dal in wholesale and retail 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 increase in the prices of Urad, but there is no possibility of a big increase. However, imports are still expensive. The price of Urad SQ from Burma to Chennai was quoted at $ 1,180 and FAQ at $ 1,085 per ton, C&F.
The prices of moong still remained stable in the producing markets. The 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, due to it being the consumption season, the demand for moong dal will remain, and there is a possibility of the production estimate of moong being low. Therefore, limited rise and fall in its prices is expected to remain. The prices of moong remained stable at Rs 6,800 to Rs 8,000 per quintal in Chhindwara market.
The price of Desi Masoor rose by 50 rupees in Delhi. However, its prices had weakened at the end of last week. According to experts, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, then the arrival of new Masoor will increase further. A record production of Masoor is expected in the current Rabi season. However, due to low outstanding stock, the arrival of old Desi Masoor is decreasing in the producing markets, whereas the demand for Masoor dal from the consuming states of Bihar, Bengal and Assam is expected to remain the same. Therefore, there is no possibility of a big increase in its price. The price of Desi Masoor 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 export demand for rice is expected to remain, so its prices are expected to improve further. The price of 1,121 variety of paddy in Tohana Mandi was Rs. 4100 to Rs. 4525, in Sirsa Mandi, the price of 1,401 variety of paddy was Rs. 4368 and PB 1 variety was Rs. 3,853 per quintal. In Ratia Mandi, the price of 1,401 variety of paddy was quoted at Rs. 4,341 and 1,886 at Rs. 4200 per quintal.
Sela rice of 1,718 variety from Haryana was traded at Rs 7,650, Sugandha Sela at Rs 5,350 and 1,121 Sela at Rs 7,900 per quintal.
Wheat prices weakened by Rs 35 at Lawrence Road to Rs 2410 to Rs 2415 per quintal. If the weather remains favorable, the arrival of new wheat in the states of North India will increase in the coming days, so its price is expected to soften further. There has been an increase in the arrival of new wheat in Madhya Pradesh and Rajasthan.
Maize prices weakened. According to traders, the arrival of maize in Bihar’s markets has been increasing continuously, so its prices are expected to soften further. Maize prices in Muzaffarnagar market remained at Rs 2,300 per quintal.
Bajra prices have stabilized. Although traders are not in favor of a big fall, the arrivals in the mandis have been very less anyway. Feed quality bajra was traded at Rs 2,300 per quintal in Jagdishpur.
The prices of barley have become stable. The arrival of new crop of barley has increased in the producing markets, and the arrival will increase further in the coming days, hence its prices are expected to decrease further. The prices of barley in the producing markets are running from Rs 1500 to Rs 1,850 per quintal depending on the quality.
Sugar prices have stabilized. Traders are not very bearish on sugar right now, due to the summer season, demand for sugar is expected to remain. However, initial estimates of sugar are expected to increase.
Castor seed prices in Gujarat declined by Rs 5 for the third consecutive working day to Rs 1,140 to Rs 1,170 per 20 kg, with daily arrivals of 1,70,000 bags. In Rajkot, Castor oil commercial prices declined by Rs 18 to Rs 1,180 and FSG by Rs 18 to Rs 1,190 per 10 kg.
There is a possibility of a decline in the price of mustard oil. The price of palm oil has weakened in Malaysia, and soya oil has also declined in Chicago. If the weather remains favourable in the producing states, the arrival of new mustard oil will remain the same. In such a situation, its prices are expected to decline. The price of mustard oil has weakened by Rs 10, while the price of oil cake has remained stable.
In the domestic market, the prices of edible oils have opened 5 to 15 rupees softer, while in Malaysia, the price of palm oil in the futures contract of June month weakened by 35 ringits to 4,310 ringits per tonne. According to experts, there may be further softness in edible oils in the world market due to profit booking, hence there may be pressure on their prices in the domestic market.
Soybean prices have risen by 25 to 50 rupees in the producing markets. According to traders, there may be a slight improvement in its price in the domestic market, but a major increase is not expected because the daily arrivals in the producing markets will remain the same, while the plants are buying only as per their requirement. Soybean and meal prices are high in Chicago, while soy oil has declined.
Cotton prices opened higher in the domestic market as its prices rose in ICE electronic trading. According to traders, demand from spinning mills is expected to remain in cotton as mills have less outstanding stock of cotton. Hence, a slight improvement may occur further.
The prices of cottonseed are stable, while the prices of cotton cake have opened weak. According to traders, the demand is weaker than normal, along with this, the daily arrivals of cotton in the producing markets have decreased compared to earlier, and the arrivals will decrease further in the coming days, hence there may be a slight rise or fall in their prices.
Prices of guar seed and guar gum have opened higher, stockists are increasing their prices, so further improvement is possible, but the one-sided rise in the current prices will not last. In any case, the export demand for guar gum products is weaker than normal and the plants have more outstanding stock. However, the daily arrivals of guar seed have decreased compared to earlier.