Gram rises, prices of other pulses stable
Wheat prices stable, guar gum and seeds soft
New Delhi. The price of gram in Delhi increased by Rs 25. According to traders, there has been unseasonal rain and hailstorm in many areas in the producing states during the last 24 hours, due to which there is a possibility of delay in arrivals of the new crop in the affected areas. Therefore the prices of gram have increased. According to experts, after the weather clears, the arrival of new crop will increase in Rajasthan and Madhya Pradesh, keeping in view which the millers are purchasing only as per the requirement. Therefore, one should not trade assuming great bullishness. However, the production estimate of gram in the current season is low, and good quality old gram is less in the markets. In Delhi, the price of gram from Rajasthan rose by Rs 25 to Rs 6,300 to Rs 6,325 per quintal, while the price of gram from Madhya Pradesh increased by Rs 25 to Rs 6,250 to Rs 6,275 per quintal. Daily arrival of gram was 9 to 19 motors.
Rajasthan Line moth prices in Delhi weakened by Rs 125 to Rs 6,500 per quintal.
Pigeon pea prices became stable in Solapur. However, its prices had increased at the end of last week. Traders in pigeon pea are not in favor of a one-sided rise in its prices as the increased prices are not supporting the demand of pulse mills. Anyway, the central government is continuously reviewing the prices of pulses. According to experts, pulse mills are purchasing pigeon pea at increased prices only as per requirement. The arrival of local pigeon pea will continue in the producer markets, and the import of lemon pigeon pea will also increase in the coming days. In view of the new crop, millers are also purchasing as per requirement. Therefore, one should not trade assuming a big rise in its price. In Solapur mandi, the price of new desi arhar was quoted at Rs 9,500 to Rs 10,550 per quintal.
Prices of imported urad remained stable in dollar terms in Chennai. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, while the arrivals of new urad have increased in Krishna district. On the other hand, new urad is arriving in Orissa also. The arrival of new crops in Telangana as well as Andhra Pradesh will increase after Mahashivratri. Due to the strictness of the Central Government, the mills are purchasing urad only as per the requirement. However, due to the consumption season, South India’s demand for urad dal will increase in the coming days. According to experts, the total production estimate of urad in the current season is likely to be less. Therefore, its prices are now expected to remain limited bullish and bearish. In Chennai, urad SQ was quoted at $1,090 and FAQ at $1,015 per tonne.
Moong prices remain stable in Delhi even today, whereas its prices had increased on Saturday. According to traders, there is a limited rise in the prices of moong and the recession is expected to continue. Whereas due to the consumption season, the demand for moong dal from the consuming states will still remain, and the production estimate of moong in Kharif has reduced. There was a reduction in sowing in the current Rabi. Anyway, the daily arrival of moong in the producing states has decreased compared to earlier. However, NAFED is continuously selling moong. Therefore, there is no possibility of a unilateral increase in the prices of moong and recession. In Delhi, the price of Rajasthan Line Moong remained stable at Rs 9,100 to Rs 9,100 per quintal.
Prices of local lentils became stable in Delhi. According to traders, the arrival of new lentils has started in the markets of Madhya Pradesh, but in many areas the weather has been bad for the last two, three days, and there has been rain at some places, due to which the arrival has been affected. According to experts, after the clear weather, there will be an increase in the arrival of new lentils in the markets of Madhya Pradesh as well as Uttar Pradesh after Holi. 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, one should not trade assuming great bullishness. In Delhi, the price of desi lentils was quoted at Rs 6,150 to Rs 7,175 per quintal.
Along with paddy, the prices of Basmati rice have softened. According to traders, demand from exporters for Basmati rice is weaker than normal, while millers are also not selling by reducing the price. Therefore, there may be limited rise and fall in the prices of rice and paddy. In Sirsa mandi, the price of DP 1,401 variety of paddy was Rs 3,945 and PB 1 variety of paddy was Rs 3,600 per quintal, in Tohana mandi the price of 1,401 variety paddy was Rs 3,980 and in Ratia mandi the price of 1,401 variety paddy was Rs 3,991 per quintal.
Wheat prices stabilized at Rs 2,675-2,700 per quintal at Lawrence Road. Wheat crop has been damaged in many areas in the states of North India due to unseasonal rain and hailstorm during the last 24 hours. On the other hand, after Gujarat, arrival of new wheat has started in some markets of Madhya Pradesh, but there is still time for new wheat to arrive in the states of North India. Therefore, there may be a slight improvement in its price but there is no possibility of a big rise.
Maize prices have increased. According to traders, the arrival of old maize in the producer markets has reduced compared to earlier, while the arrival of Rabi maize will start in the mandis of Bihar after the middle of the current month. Therefore, its price is expected to remain limited bullish and bearish.
Millet prices have remained almost stable. The arrival of millet in the producer markets is decreasing significantly, hence its price is expected to improve in future. Charkhi Dadri Mandi millet was traded at the rate of Rs 2300 per quintal.
Barley prices remain stable in the producing markets. According to traders, the demand for barley from malt companies will still remain, due to which there is no possibility of a major decline in its price. The outstanding stock of barley is low, while the new crop will arrive in March, April.
Sugar prices remain stable. Traders are not too bearish on sugar as of now, demand for sugar is expected to remain as it is the consumption season. Sugar production in the current crushing season has been 254.70 lakh tonnes, which is less than 259.05 lakh tonnes in the same period last year.
Mustard prices have weakened. According to traders, the mustard crop has been damaged due to the recent unseasonal rain and hailstorm. However, now the weather has cleared, hence the arrival is expected to increase in the next one, two days. Therefore, a big rise in prices is not expected. The prices of mustard oil and mortar became stable.
In the domestic market, the prices of refined and crude palm oil have increased by five rupees, while the prices of other edible oils remain stable. On the other hand, in Malaysia, palm oil prices fell by 10 rigints to 3,956 rigints per tonne in the futures contract for the month of May. According to experts, there is no possibility of a big rise in the prices of edible oils in the world market, hence there is a slight rise or fall in their prices in the domestic market too.
Soybean prices remain stable in producer markets. Therefore, traders are not very bullish on its price in the domestic market. At present the daily arrivals in the producer markets will remain the same, while the plants are purchasing only as per requirement. The prices of soybean, soy oil and meal have increased in Chicago.
Cotton prices stabilized in the domestic market. Although cotton prices have declined in the foreign market even today, ginners in the domestic market are not selling by reducing the prices. On the other hand, spinning mills are also purchasing in limited quantities, hence there is no possibility of much decline in its prices. Anyway, there will be a decrease in daily arrivals of cotton in the coming days.
The prices of cottonseed and cotton cake became weak. According to traders, the daily arrivals of cotton in the producer markets have decreased compared to before, and the arrivals will decrease further in the coming days, hence there is no hope of much decline in their prices.
The prices of guar seed and guar gum have softened. According to traders, there is more outstanding stock of guar seeds with the plants. Whereas the export of guar gum products has decreased during April to December as compared to last year. Therefore, there is no expectation of a big rise in its price right now.