Prices of gram and arhar fast, prices of other pulses stable
Wheat prices stopped, guar gum and seeds stable
New Delhi. Chana prices opened weak by Rs 25 in Delhi. According to traders, the prices have softened due to profit booking by stockists, however, while buyers are missing in these prices, sales are also coming in less. According to experts, there may be a slight softening in its price but the chances of a major fall are less. Anyway, the daily arrival of gram in the mandis of producing states is not increasing as expected, and considering that the production estimate for the current season is low, the future of gram is only bullish. However, the market will not be one-sided bullish. Import of gram from Australia is also expensive. In Delhi, the price of gram from Rajasthan fell by Rs 25 to Rs 6,800 to Rs 6,825 per quintal, during this period, the price of gram from Madhya Pradesh fell by Rs 25 to Rs 6,750 to Rs 6,775 per quintal. The daily arrival of gram was 4 to 5 motors.
Pigeon pea prices have opened higher by Rs 100 in Solapur. According to traders, stockists are continuously increasing the prices of arhar dal, however, due to the increased prices, the offtake of arhar dal is not increasing. Therefore, profit booking may occur in its price. However, import of pigeon pea is expensive due to which importers are increasing the prices. The government is constantly reviewing the prices of pulses. On the other hand, the import of lemon from Myanmar is increasing, along with the shipment of new pigeon pea is also coming from Sudan. Due to increased prices of Arhar dal, retail as well as wholesale subscription is weaker than normal. Therefore, one should keep booking profits in increased prices. Dal millers are purchasing at increased prices only as per requirement. In Solapur, the price of pigeon pea increased from Rs 10,700 to Rs 12,400 per quintal.
Prices of imported urad in dollar terms have increased in Chennai in the current week, although prices in the domestic market have not increased in proportion to this. According to traders, the arrival of summer urad has increased in the producer markets, while the demand for urad dal in wholesale and retail is weaker than normal, hence a big one-sided rise in the prices of urad will not be sustainable. Anyway, the arrival of summer urad in the producer markets will increase in the current month. Due to the strictness of the Central Government, the pulse mills are purchasing urad only as per the requirement. Import of urad from Myanmar will remain the same, and production estimates in Myanmar are also higher. Although the import prices of urad have become expensive, hence there may be a slight improvement in its prices, but the big rise will not last. In Chennai, urad FAQs remained steady at $1,090 per tonne and SQ at $1,180 per tonne, C&F.
Moong prices became stable in the producer markets, while its prices had increased in the last two days, although traders are not in favor of a big one-sided rise. According to traders, the demand for moong dal is weak, hence profit booking may occur at its current prices. The arrival of summer moong has started in the mandis of Madhya Pradesh and Gujarat and if the weather remains favourable, the daily arrival of new moong in the mandis of the producing states will increase as 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. The arrival of summer moong has started increasing in the markets of Madhya Pradesh. Moong prices in Delhi stabilized at Rs 8,650 to Rs 8,800 per quintal.
Prices of local lentils became stable in Delhi. According to traders, lentils have increased in the current week due to purchasing by stockists, but traders are not in favor of a big rise yet. However, the arrival of lentils in the markets of Madhya Pradesh as well as Uttar Pradesh has reduced compared to earlier, and the prices of imported lentils are also high. Therefore, its price may improve further. Anyway, record production of lentils is expected in the current Rabi. The central government is also reviewing the prices of pulses every week. The old stock of lentils in the central pool is also good. According to experts, the demand for lentils in the consumption states of Bihar, Bengal and Assam will be less than normal in June. In Delhi, the price of local lentils was Rs 6,625 per quintal.
Along with paddy, the prices of Basmati rice became stable. According to experts, while exporters are purchasing limited quantity of Basmati rice, the sales are also weak. In the coming days, the arrival of paddy will increase, hence the prices will decrease. Karnal Mandi: Paddy of 1,847 varieties was traded at the rate of Rs 2,725 per quintal.
Wheat prices remained stable at Rs 2,490 per quintal at Lawrence Road. The arrival of wheat in the states of North India has decreased compared to before, and the purchases from stockists have also decreased. In such a situation, there may be a slight softening in its price.
In the current Rabi marketing season 2024-25, 258.29 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP. The daily arrival of wheat in the producer markets is decreasing to a limited quantity only.
Maize prices became stable. Traders are not very bullish in Mecca. The arrival of Rabi maize is continuous in the mandis, hence a big rise in its price will not be sustainable. In Himmatnagar, the price of starch maize was Rs 2,310 per quintal.
Millet prices stabilised. According to traders, the arrival of millet is decreasing significantly in the markets, hence there will not be much slowdown. Millet was traded at the rate of Rs 2,375 per quintal in Dahod mandi.
Barley prices became stable. 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. Barley prices in producer markets are ranging from Rs 1800 to Rs 2000 per quintal. Barley prices will rise further.
Sugar prices have improved. Traders are not too bearish on sugar, due to the summer season, demand for sugar is expected to remain. Crushing has stopped in the sugar mills of Maharashtra.
Mustard prices may stop, recently its prices have been rising continuously. According to experts, there will be a further decline in the daily arrivals of mustard in the producing states, because stockists are reducing sales at lower prices. In such a situation, there is no possibility of much decline in mustard prices. The price of mustard oil has increased by Rs 20, while the price of oil has also increased.
There is a mixed trend in the prices of edible oils in the domestic market. Mustard, soya and palmolein prices are rising, while palm oil prices have weakened. On the other hand, due to the impact of supply of soy oil from Brazil and Argentina, the prices of soy oil have increased, which is impacting the prices of palm oil. In such a situation, there may be a slight rise in the prices of edible oils.
The prices of soybean have increased in the producer markets because the prices have increased in the foreign market. According to traders, the daily arrival of soybean in the domestic producer markets has remained the same, while the plants are purchasing only as per requirement. In such a situation, a slight improvement may be possible but there is no possibility of a big rise.
In Gujarat, castor seed prices weakened by Rs 10 to Rs 1,100 to Rs 1,120 per 20 kg. In Rajkot, castor oil commercial prices remained stable at Rs 1,145 per 10 kg and FSG at Rs 1,155 per 10 kg.
There has been a slight improvement in the prices of cotton in the domestic market. However, recently there has been a decline in the prices of cotton in the foreign market, due to which exports do not seem to be taking place. However, the outstanding stock of cotton with the spinning mills in the domestic market is less, hence the mills will have to purchase cotton. But the rise or fall in its prices will depend only on the price of ICE cotton futures.
There has been a slight improvement in the prices of cottonseed and cotton cake, according to traders, selling at lower prices is weak, hence there may be further slight improvement in the current prices. Anyway, due to decrease in daily arrivals of cotton in producer markets, sales of oil mills are also weak. Therefore, there is no possibility of much decline in prices.
The prices of guar seed and guar gum have softened in the current week. Traders are not in favor of a big rise in guar gum and seeds but stockists want to increase the prices. Export demand for guar gum products remains normal and outstanding stocks with plants are high. Monsoon rains are expected to be normal in the current season. However, there has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.