Gram rises, prices of other pulses stable
Softening of wheat, improvement in guar gum and seed.
New Delhi. Chana prices in Delhi had weakened by Rs 50 on Thursday, but today opened higher by Rs 25 due to selling at lower prices. Production estimates for the current season are low, so stockists are increasing prices. Anyway, the government is planning to purchase gram at market price. However, if the weather remains favorable in the producing states, the arrival of gram will increase and pulse mills are purchasing gram only as per requirement. In such a situation, buy gram only when the price comes down. In Delhi, the price of new gram from Rajasthan increased by Rs 25 to Rs 6,100 to Rs 6,125 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 25 from Rs 6,050 to Rs 6,075 per quintal. The daily arrival of gram was 4 to 5 motors.
In Jaipur mandi, the price of moth bilti became stable at Rs 6,600 per quintal.
Pigeon pea prices became stable in Solapur. According to experts, in view of the strictness of the Central Government, the price of pigeon pea is expected to fall. 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. According to experts, the arrival of local pigeon pea in the producer markets has decreased compared to earlier. In Solapur market, the price of desi arhar was quoted at Rs 10,500 to Rs 11,700 per quintal.
Prices of urad imported from Burma remained stable in dollar terms in Chennai, despite a slight improvement in the prices on Thursday. The wholesale and retail demand for urad dal is weaker than normal, while the arrival of urad continues in Telangana as well as Andhra Pradesh. Anyway, due to the strictness of the Central Government, the mills are purchasing urad only as per the requirement. Anyway, the import of urad from Myanmar will increase in the coming days, anyway 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 rise in the prices of urad but there is no possibility of a big rise. However, imports are still expensive. The price of urad SQ from Burma to Chennai was quoted at $1,170 per tonne and FAQ at $1,080 per tonne, C&F.
Moong prices remained stable in the producer markets even today. 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.
The prices of local lentils became stable in Delhi, although on Thursday the prices of local as well as imported lentils had increased. According to traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrival of new lentils will increase further. Record production of lentils is estimated in the current Rabi. 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 6,375 per quintal.
The prices of paddy are stable, while there has been a slight softening of Basmati rice. According to traders, export demand for rice is expected to remain intact, hence there is no possibility of a major decline in its prices. In Sirsa mandi, paddy of 1,401 variety was priced at Rs 3,800 to 4,237 per quintal and PB 1 variety was priced at Rs 3,400 to 3,725 per quintal. Due to government procurement of wheat, the daily arrival of paddy in the producer markets has almost stopped.
Wheat prices weakened by Rs 10 to Rs 2450 per quintal at Lawrence Road. The arrival of new wheat has started in the states of North India and if the weather remains favourable, there will be pressure for arrivals in the coming days, hence its price is expected to soften further. There has been an increase in arrivals of new wheat in Madhya Pradesh and Rajasthan.
Maize prices became stable. According to traders, the arrival of maize has been continuously increasing in the markets of Bihar, hence its price is expected to soften further. In Himmatnagar mandi, the price of starch maize was Rs 2,275 per quintal.
Millet prices stabilised. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing significantly. Millet was traded at the rate of Rs 2,290 per quintal in Charkhi Dadri Mandi.
Barley prices became stable. The arrival of new crop of barley in the producer markets remains constant, and the arrival will increase further in the coming days, hence the current price is expected to soften. The price of barley in producer markets was Rs 1550 to Rs 1750 per quintal.
Sugar prices became stable. Traders are not too bearish on sugar right now, as it is the summer season, the demand for sugar is expected to remain. However, initial estimates for sugar are expected to increase.
Castor seed prices have weakened in Gujarat. The price of castor seed in the mandis dropped by Rs 10 to Rs 1,120 to Rs 1,150 per 20 kg, and the daily arrival was 1,65,000 bags. On the other hand, in Rajkot, the price of castor oil fell by Rs 5 to Rs 1,170 and that of FSG fell by Rs 5 to Rs 1,180 per 10 kg.
Mustard prices are expected to soften, palm oil prices have weakened in the June futures contract in Malaysia, and soy oil has softened in Chicago. On the other hand, if the weather remains favorable in the producing states, the arrival of new mustard will remain the same. In such a situation, its prices are expected to soften. The price of mustard oil weakened by Rs 5, while the subscription for oil is also weak.
There has been a decline of 3 to 5 rupees in edible oils in the domestic market. In Malaysia, the futures contract for June fell by 63 rigints to 4,255 rigints per tonne, while soy oil in Chicago is also weak. According to experts, there is little chance of a big rise in edible oils in the world market. Therefore, their prices are expected to soften in the domestic market.
Soybean prices became weak in producer markets for the second day. According to traders, 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 have declined in Chicago.
Cotton prices in the domestic market became weak for the third day as there was a three-point decline in the world market on Thursday. According to experts, the outstanding stock of cotton with the spinning mills is less, and the ginners are not able to get it at the current prices. However, the rise or fall in its prices will depend on the prices in the foreign market.
The prices of cottonseed and cotton cake have softened for the third day. According to traders, the subscription is weaker than normal, as well as the daily arrivals of cotton in the producer markets have decreased compared to before, and the arrivals will further decrease in the coming days, hence there may be a slight rise or fall in their prices.
Guar seed and guar gum improved. According to traders, stockists remain active, hence their prices are expected to remain bullish or bearish. However, export demand for guar gum products is weaker than normal and outstanding stocks with plants are high. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.