Rajasthani new gram soft, prices of other pulses stable
Wheat prices stable, guar gum and seeds risingNew Delhi. In Delhi, the prices of new Rajasthani chana have fallen by Rs 25, while the prices of old gram remained stable. According to traders, stockists have recently increased the prices of gram, while mills’ procurement at the increased prices is weak. Anyway, if the weather remains favourable, the arrival of new crop in Rajasthan as well as Madhya Pradesh will increase after Holi. This is why millers are purchasing as per requirement only. Although the production estimate of gram in the current season is low, and good quality old gram is less in the mandis, but once the pressure of arrivals of the new crop builds, the prices will come down.
In Delhi, the price of gram from Rajasthan was quoted at Rs 6,125 to 6,150 per quintal, while the price of gram from Madhya Pradesh remained stable at Rs 6,075 to 6,100 per quintal. The prices of new gram in Rajasthan fell by Rs 25 to Rs 6,000 to Rs 6,025 per quintal, while the prices of new gram in Madhya Pradesh were quoted at Rs 5,975 to Rs 6,000 per quintal. The daily arrival of gram was 7 to 8 motors.
Rajasthan Line moth prices remained stable at Rs 6,500 per quintal in Delhi.
Pigeon pea prices became stable in Solapur. According to traders, pulse mills are purchasing at increased prices only as per requirement because the demand for arhar dal is weaker than normal, hence there is no possibility of a big increase. However, stockists want to increase its prices. The central government is constantly reviewing the prices of pulses. According to experts, 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 Solapur market, the price of desi pigeon pea was quoted at Rs 9,500 to Rs 10,500 per quintal.
Prices of imported urad remained stable in dollar terms in Chennai today. According to traders, the wholesale and retail demand for urad dal is weaker than normal, while the arrival of the new crop in Telangana as well as Andhra Pradesh will increase in the coming days. Due to the strictness of the Central Government, the mills are purchasing urad only as per the requirement. On the other hand, there will be further increase in the arrivals of new urad in Chennai, due to which the imported goods will be equal. 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 $1,105 and FAQ at $1,025 per tonne.
Moong prices remain stable in Delhi. Traders are not in favor of a big rise in its price right now. According to traders, the weather is clear, hence the daily arrival of moong in the producer markets 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 Delhi, the price of Rajasthan Line Moong was quoted at Rs 9,100 to Rs 9,200 per quintal.
The prices of local lentils remained stable in Delhi for the second day, although the prices of imported lentils had increased on Thursday. According to traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrival of new lentils will increase after Holi. Record production of lentils is estimated in the current Rabi. Therefore, its price is expected to soften further. 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. In Delhi, the price of desi lentils was quoted at Rs 6,225 to Rs 6,250 per quintal.
A slight improvement in the prices of paddy as well as Basmati rice is expected. According to traders, demand from exporters for Basmati rice has improved compared to before, while millers are not selling by reducing the price. Therefore, there may be an improvement in the prices of rice and paddy. In Tohana mandi, the price of 1,401 varieties of paddy was quoted at Rs 4,000 to 4,210 per quintal, that of 1,718 varieties of paddy was quoted at Rs 4,000 to 4,180 per quintal and in Sirsa mandi, the price of paddy of 1,401 varieties was quoted at Rs 4,071 to 4,291 per quintal.
Wheat prices remained stable at Rs 2,700 to Rs 2,725 per quintal at Lawrence Road. According to traders, there is still time for new wheat to arrive in the states of North India. Therefore its prices have increased, however the stock should be lightened due to the increased price. If the weather is favourable, the arrival of new wheat will increase in Madhya Pradesh and Rajasthan after Holi.
Maize prices remain stable. 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 a week. Therefore, its price is expected to remain limited bullish and bearish. The price of feed quality maize in Baramati was Rs 2,320 per quintal.
Millet prices have increased. The arrival of millet in the producer markets is decreasing considerably, hence there is no possibility of much decline in its price. Rajpura market was traded at the rate of Rs 2425 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 arrival of the new crop will increase after Holi.
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. Anyway, sugar production is expected to be less in the current crushing season.
Mustard prices are expected to soften. According to traders, if the weather remains favorable in the producing states, the arrival of new mustard will increase, although imported edible oils have become moist. In such a situation, its prices are expected to fall slightly. The price of mustard oil increased by Rs 20, while the price of flour remained stagnant.
Even today, the price of edible oils in the domestic market has increased by Rs 10 to Rs 20. On the other hand, the price of Malaysian palm oil weakened by 6 rigints to 4,289 rigints per tonne in the May futures contract, while soy oil has softened in Chicago. Therefore, there is a possibility of a slight softening in their prices in the domestic market.
Soybean prices became stable in producer markets. Traders are not in favor of much increase in 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. There are mixed trends in soybean, soy oil and meal prices in Chicago.
Cotton prices in the domestic market remained stable for the second day, however, cotton prices opened weak in the electronic trading of ICE, although a decline in its prices is not expected in the domestic market. Ginners are not selling by reducing the price. On the other hand, the purchase of spinning mills is expected to continue, hence its price is expected to improve further. Anyway, there will be a decrease in daily arrivals of cotton in the coming days.
The prices of cottonseed and cotton cake opened soft. 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 improved. According to traders, there is more outstanding stock of guar seeds with the plants. Whereas the export of guar gum products has decreased to only 3.39 lakh tonnes during April to January of the current financial year, whereas in the same period of the last financial year, its export was 3.50 lakh tonnes. In such a situation, there is no possibility of any big rise in its prices.