Gram rises, prices of other pulses stable
Wheat prices soften, guar gum and seeds slow
New Delhi. In view of the rise in the prices of gram and pigeon pea, the Central Government has called a meeting with NAFED and NCCF as well as other officials last week and asked them to take steps to control their prices.
Due to the activity of stockists, gram prices have increased by Rs 100 to 125 in Delhi. According to traders, procurement of pulses from mills at the increased prices is weak, hence there may be a slight softening in the current prices. However, the daily arrival of gram in the mandis of producing states is not increasing as expected, because the production estimate in the current season is low, hence the future is only bullish. In Delhi, the price of new gram from Rajasthan increased by Rs 100 to Rs 6,600 to Rs 6,625 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 125 to Rs 6,550 to Rs 6,575 per quintal. The daily arrival of gram was 14 to 15 motors.
Pigeon pea prices remain stable in Solapur. According to traders, the prices of imported lemon have also stopped in Chennai. Although the import prices of Pigeon pea are still expensive, hence the importers want to increase the prices, but the Central Government is strict regarding the high prices of pulses in the domestic market. 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. Therefore, one should keep booking profits in increased prices. In Solapur market, the price of desi arhar was quoted at Rs 10,000 to Rs 11,900 per quintal.
Prices of imported urad in dollar terms remained stable in Chennai today. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, hence there is no possibility of a big rise in the prices of urad dal. 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 pulse 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. In Chennai, urad SQ remained steady at $1,160 per tonne and FAQ at $1,070 per tonne.
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 arrival of summer moong has started in the mandis of Madhya Pradesh and Gujarat and if the weather remains clear, the daily arrival of new moong in the mandis of the producing states will increase compared to before. Sowing of moong in summer has increased in the current season, due to which the production estimate is also higher. Therefore, there is no possibility of a big rise in its price right now. Moong prices remained stable at Rs 6,800 to Rs 8,050 per quintal in Chhindwara mandi.
The price of local lentils increased by Rs 25 in Delhi, but traders are not in favor of a big rise. According to traders, the arrival of new lentils has remained equal in Madhya Pradesh as well as Uttar Pradesh and record production of lentils is expected 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 consumption states of Bihar, Bengal and Assam will reduce after the end of May. The stock of lentils in the central pool is 6 to 6.50 lakh quintals. In Delhi, the price of desi lentils was quoted at Rs 6,325 to Rs 6,350 per quintal.
The prices of paddy as well as Basmati rice remain stable. According to traders, demand from exporters for Basmati rice is expected to remain, hence there may be a slight improvement in the current prices. Due to government procurement of wheat, the arrival of paddy is stopped in the markets. 1,718 Sela from Rajasthan Line was traded at Rs 7,100 and Sugandha Sela at Rs 5,000 per quintal.
Wheat prices weakened by Rs 15 from Rs 2440 to Rs 2,465 per quintal at Lawrence Road. The weather is mild in the states of North India, hence the arrival of new wheat will increase, due to which there may be a slight decline in its price. On the other hand, the arrival of new wheat in Uttar Pradesh, Madhya Pradesh and Rajasthan also remains equal.
Maize prices have become stable. According to traders, the arrival of Rabi maize has been continuously increasing in the mandis, hence its price is expected to soften further. Maize was traded at the rate of Rs 2,050 per quintal in Gulabbagh, Bihar.
Millet prices stabilised. According to traders, the arrival of millet is decreasing significantly in the markets, hence there will not be much slowdown. In Charkhi Dadri Mandi, millet was traded at the rate of Rs 2,230 to 2,250 per quintal.
Barley prices have increased. According to traders, there has been a decrease in the arrivals of barley in the producer markets. On the other hand, stockists and malt companies are purchasing. Therefore, there may be a slight improvement in the price. In Charkhi Dadri Mandi, the price of barley increased by Rs 50 to Rs 1910 per quintal.
Sugar prices have remained stagnant. Traders are not too bearish on sugar as of now, as it is the summer season, the demand for sugar is expected to remain. However, the initial estimate of sugar is expected to increase and till April 15, 310.93 lakh tonnes of sugar has been produced in the states across the country.
The price of mustard has improved by Rs 50. On the other hand, there has been an improvement in palm oil prices in Malaysia and the prices of soya oil have also opened higher in Chicago. According to experts, if the weather remains favorable in the producing states, the arrival of mustard will remain constant. In such a situation, there may be a slight improvement in mustard prices but there is no possibility of a big rise. The price of mustard oil has opened up by five rupees but the price of oil has become stable.
The prices of edible oils are expected to improve in the domestic market. In Malaysia, palm oil prices rose by 26 rigints to 3,922 rigints per tonne in the July futures contract. Besides, soy oil has also improved in Chicago. Therefore, there may be a slight improvement in their prices, although experts believe that there is little chance of a major rise in the prices of edible oils in the world market.
Soybean prices opened soft in the producer markets. According to traders, the daily arrival of soybean in the producer markets remains the same, while the plants are purchasing only as per the requirement. Although the prices of soybean and soy oil have opened high in Chicago, the prices of soybean and soybean oil have declined.
The arrival of castor seed in the markets of Gujarat was 1,70,000 bags and its price decreased by Rs 10 to Rs 1,090 to Rs 1,110 per 20 kg. In Rajkot, commercial oil prices declined by Rs 10 to Rs 1,140 per quintal and FSG prices declined by Rs 10 to Rs 1,150 per quintal.
There has been a slight improvement in cotton prices in the domestic market. Cotton prices opened higher today in the electronic trading of ICE due to which the demand from domestic mills has improved. According to experts, the outstanding stock of cotton with the spinning mills in the domestic market is less, hence the mills will have to purchase cotton. However, the rise or fall in its prices will depend on the price of ICE cotton futures.
The prices of cottonseed and cotton cake became soft, according to traders, the subscription is weaker than normal and due to the decrease in daily arrivals of cotton in the producer markets, the sales of oil mills are also weak. Therefore, there may be a slight rise or fall in their prices.
The prices of guar seed and guar gum have weakened. 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. In such a situation, one should not do business considering the huge rise in guar gum and seeds. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.