Arhar fast, prices of other pulses stable,
wheat soft, guar gum and seed prices high
New Delhi. Gram prices remained stable in Delhi, although procurement from mills is weak at these prices. According to traders, the price of gram will remain bullish or bearish, because the production estimate in the current season is low, and the government will buy gram at the market price for the buffer stock in the central pool. 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 was quoted at Rs 6,325 to 6,350 per quintal, while the price of new gram from Madhya Pradesh was quoted at Rs 6,300 to Rs 6,325 per quintal. The daily arrival of gram was 8 to 10 motors.
Pigeon pea prices rose by Rs 150 in Solapur. According to traders, the import of pigeon pea is expensive, hence the importers are increasing the prices, but the mills are not able to support the purchase of pulses due to the increased prices. Therefore, one should keep booking profits in increased prices. Anyway, the central government is strict regarding the rise in prices of pulses. In such a situation, pulse millers are purchasing only as per requirement. In the coming days, the arrival of lemon from Myanmar will increase, along with the shipment of new pigeon pea will come from Sudan. Due to the increased prices of Arhar dal, the retail as well as wholesale subscription 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 10,000 to Rs 11,900 per quintal.
The prices of imported urad had increased on Wednesday, while the prices of local urad remained stable. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, hence there is no possibility of a big one-sided rise. Anyway, the arrival of urad is still continuing in Telangana as well as Andhra Pradesh and 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, and the production estimate in Myanmar is high. 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.
Moong prices have remained stable in the 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 Chhindwara, the price of new moong ranged from Rs 6,800 to Rs 8,050 per quintal.
Prices of local lentils became stable 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 further. Record production of lentils is estimated in the current Rabi. The central government is also reviewing the prices of pulses every week. Therefore, its price is expected to soften further. According to experts, the demand for lentils in the consuming states of Bihar, Bengal and Assam is expected to remain the same. In Delhi, the price of local lentils was Rs 6,300 to Rs 6,325 per quintal.
Along with paddy, the prices of Basmati rice have also weakened. According to traders, the demand from exporters for Basmati rice is weak, although the prices have already come down significantly, hence the prices are expected to remain stable. The arrival of paddy in the markets has almost stopped.
Wheat prices stabilized at Rs 2410 per quintal at Lawrence Road. The weather has cleared in the states of North India, hence the arrival of new wheat will increase. Therefore, 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 Rabi maize has been continuously increasing in the mandis, hence its price is expected to soften further. In Nagpur, the price of feed quality maize was quoted at Rs 2,310 per quintal.
Millet prices stabilised. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing considerably. Reaching Punjab, millet was traded at the rate of Rs 2,330 per quintal.
Barley prices have weakened. According to traders, the arrival of barley in the producer markets has remained the same and the purchases from the stockists have also remained the same. In Sirsa mandi, the price of barley decreased by Rs 50 to Rs 1700 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 became stable in Gujarat. Castor seed prices stabilized at Rs 1,090 to Rs 1,110 per 20 kg, and daily arrivals stood at 1,50,000 bags. Castor seed prices in Rajkot were quoted at Rs 1,155 per quintal for commercial and Rs 1,165 per quintal for FSG.
There may be a slight improvement in mustard prices. There has been a slight improvement in palm oil in the July futures contract in Malaysia, as well as a rise in soy oil in Chicago. According to experts, if the weather remains favorable in the producing states, the arrival of new mustard will remain the same. In such a situation, there is no possibility of a big rise in its prices right now. The price of mustard oil weakened by Rs 5, while the subscription for oil is also weak.
There has been a decline of Rs 5 to Rs 20 in edible oils in the domestic market. However, in Malaysia, palm oil prices rose by 9 rigints to 4,021 rigints per tonne in the July futures contract, while soy oil rose in Chicago. According to experts, there is little chance of a big rise in edible oils in the world market. Therefore, their prices in the domestic market are expected to remain limited bullish and bearish.
Soybean prices have weakened in the producer markets. According to traders, 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 weakened, while soy oil has registered a rise.
Cotton prices have softened in the domestic market. Its prices fell by 6 cents in the world market in the last two days. According to experts, MNC companies are selling cotton in the domestic market, and due to recent weak prices in the world market, exports do not seem to be happening. In such a situation, the rise or fall in its prices will depend only on the prices in the foreign market.
There has been a slight softening in the prices of cottonseed and cotton cake, according to traders, the subscription is weaker than normal, while 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 their There may be a slight rise in prices, recession may persist.
The prices of guar seed and guar gum have increased. However, traders are not in favor of big bullishness. According to traders, export demand for guar gum products is weaker than normal and the outstanding stock with the plants is high. Monsoon rains are expected to be normal in the current season. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.