Arhar prices rise, prices of other pulses stable
Wheat continues to soften, Guar gum and seed stable
New Delhi. The prices of gram have stabilized in Delhi. The production estimate of gram is low in the current season, therefore stockists increase its prices, but the demand is not supporting the increased prices. Therefore, there is a rise and fall. According to traders, if the weather remains favorable in the producing states, the arrival of gram will increase and the 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 remained stable at Rs 5,900 to Rs 5,925 per quintal, while the price of new gram from Madhya Pradesh remained stable at Rs 5,850 to Rs 5,875 per quintal. The daily arrival of gram was of 8 to 10 motors.
In the current Rabi season, 5,216 tonnes of gram has been purchased at MSP from Rajasthan and 10,016 tonnes from Gujarat, whereas purchase has not started from Madhya Pradesh.
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 50 rupees higher. The prices of lemon pigeon pea reaching Chennai from Burma had increased last week, due to which its import is expensive. Therefore, importers want to increase its price. However, profit booking should be done in the increased prices. In the coming days, the arrival of lemon from Myanmar will increase, along with this, new pigeon pea shipment will come from Sudan. 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 11,650 per quintal.
The prices of Urad imported from Burma stabilized in Chennai in dollar terms, while on Monday its prices softened in dollar terms. According to experts, 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 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 $ 1,170 and FAQ at $ 1,080 per ton, C&F.
The prices of moong remained stable in the producing markets. The traders are not in favor of a big increase in the prices of moong at present. 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 lower. Therefore, limited rise and fall in its prices is expected to remain. The bill price of moong remained stable at Rs 8,300 to Rs 9,000 per quintal in Jaipur market.
The prices of Desi Masoor have become stable in Delhi. If the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, then the arrivals of new lentils will increase further. A record production of lentils is expected in the current Rabi season. However, due to low outstanding stock, the arrivals of old Desi lentils are decreasing in the producing markets, whereas the demand for lentil 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 prices of Desi lentils in Delhi were quoted at Rs. 6,300 to Rs. 6,325 per quintal.
Along with paddy, the price of Basmati rice also stabilized. According to traders, the export demand for rice is expected to remain, so its price is expected to improve further. The price of 1,886 variety of paddy was quoted at Rs 4,211 per quintal in Ratia Mandi.
Wheat prices weakened by Rs 15 to Rs 2400 per quintal at Lawrence Road. 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 in the future. 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. The price of feed quality maize in Rajnandgaon remained at Rs 2,250 per quintal.
Bajra prices have stabilized. Although traders are not in favor of a big fall, the arrivals in the markets have remained very low. Bajra reaching Punjab was traded at the rate of Rs 2,400 per quintal.
The prices of barley have stabilized. The arrival of new crop of barley in the producing markets has remained the same, and the arrival will increase further in the coming days, hence the current prices are expected to soften. The prices of barley in the producing markets ranged from Rs 1605 to Rs 1,795 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 weakened by Rs 5 for the fourth consecutive working day in Gujarat to Rs 1,130 to Rs 1,165 per 20 kg, and daily arrival was 1,50,000 bags. On the other hand, Castor Oil Commercial price in Rajkot rose by Rs 3 to Rs 1,183 and FSG by Rs 3 to Rs 1,193 per 10 kg.
There is hope of improvement in the price of mustard. Palm oil prices have opened higher in Malaysia, and soya oil prices have risen in Chicago. If the weather remains favourable in the producing states, the arrival of new mustard will remain the same. In such a situation, a slight improvement in its prices is expected. Along with mustard oil, the prices of oil cake have remained stable.
In the domestic market, the prices of edible oils have opened 5 to 10 rupees softer, while in Malaysia, the price of palm oil in the futures contract of June month rose by 16 ringgit to 4,311 ringgit per tonne. According to experts, there is little chance of a big rise in edible oils in the world market. Hence, there may be limited rise or fall in their prices in the domestic market.
Soybean prices have stabilized 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 have weakened in Chicago, while soy oil has increased.
Cotton prices stabilized in the domestic market, as its prices showed a mixed trend in ICE electronic trading. According to traders, demand from spinning mills is expected to remain in cotton, as mills have low outstanding stock of cotton. Hence, further improvement is expected.
There has been a slight improvement in the prices of cottonseed and cottonseed cake. According to traders, the demand is weaker than usual, and 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 almost stabilized, although stockists are still active, so there may be a slight improvement in the current prices but the big rise will not last. Anyway, 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.