Prices of gram and arhar fast, prices of other pulses stable
Wheat prices stable, guar gum and seed prices frozen
New Delhi. In Delhi, gram prices have increased by Rs 50 due to demand at lower prices. However, its price is not rising yet. The weather is favorable in the producing states, hence the arrival of new gram will increase from next week. Keeping this in view, pulse millers are purchasing only as per requirement. In the coming days, due to the pressure of new crop arrivals, the current prices are expected to fall further, hence one should not buy at these prices. However, the production estimate of gram in the current season is low, and very little old gram of good quality is left in the markets.
In Delhi, the price of gram from Rajasthan increased by Rs 50 to Rs 5,900 to Rs 5,925 per quintal, while the price of gram from Madhya Pradesh increased by Rs 50 to Rs 5,850 to Rs 5,875 per quintal. New gram prices from Rajasthan rose by Rs 50 to Rs 5,800 to Rs 5,825 per quintal, while new gram prices from Madhya Pradesh rose by Rs 50 to Rs 5,775 to Rs 5,800 per quintal. The daily arrival of gram was 3 to 4 motors.
Rajasthan Line moth prices remained stable at Rs 6,400 per quintal in Delhi.
Pigeon pea prices increased by Rs 100 in Solapur. Pigeon pea prices had weakened in producer markets on Friday. On the other hand, the price of lemon in dollar terms in Chennai remains stable. According to traders, the arrival of lemon from Myanmar will increase in the coming days, along with the shipment of new pigeon pea from Sudan. In the domestic market, pulse mills are purchasing only as per requirement because the demand for arhar dal is weaker than normal. On the other hand, the central government is continuously reviewing the prices of pulses. According to experts, the arrival of local pigeon pea will continue in the producer markets. Therefore, one should not trade assuming a big rise in its price right now. However, imports are expensive, so stockists want to increase the prices. In Solapur mandi, the price of desi arhar was quoted at Rs 9,500 to Rs 10,400 per quintal.
Imported FAQ Urad prices rose in dollar terms in Chennai on Friday, while SQ prices remained stable. Therefore, stockists want to increase its prices in the domestic market, because imports are expensive. In such a situation, there may be a slight improvement in its prices but there is no possibility of a big rise. 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. 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, due to the activity of stockists in the domestic market, there may be a slight improvement in the prices of urad but there is no possibility of a big rise. In Chennai, urad SQ was quoted at $1,115 and FAQ at $1,030 per tonne.
Moong prices became stable in 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.
The prices of local lentils became stable in Delhi, whereas its prices had been rising continuously for the last two days. According to traders, the weather is favorable in Madhya Pradesh as well as Uttar Pradesh, hence 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. Therefore, there is no possibility of a big rise in its price. In Delhi, the price of local lentils was Rs 6,300 to Rs 6,325 per quintal.
Along with paddy, the demand for Basmati rice remains equal. According to traders, the demand of exporters for Basmati rice has increased compared to before, hence its price is expected to improve further. In Sirsa mandi, the price of 1,401 variety of paddy was quoted at Rs 4,000 to 4,294, PB 1 variety of paddy was quoted at Rs 3,500 to 3,968 and in Ratia mandi, the price of 1,401 variety of paddy was quoted at Rs 4,290 per quintal. In Tohana Mandi, the price of 1,718 varieties of paddy opened at Rs 4,325 per quintal.
Wheat prices remained stable at Rs 2,600 per quintal at Lawrence Road. The arrival of new wheat in the states of North India will start after the next eight to ten days, so its price is expected to soften gradually. If the weather is favourable, the arrival of new wheat will increase in Madhya Pradesh and Rajasthan from next week.
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 from next week. Therefore, its price is expected to remain limited bullish and bearish. Starch maize prices remained stable at Rs 2,370 per quintal in Sangli mandi.
The prices of millet have improved. The arrival of millet in the producer markets is decreasing considerably, hence there is no possibility of much decline in its price. Poultry millet reaching Punjab was traded at the rate of Rs 2450 per quintal.
Barley prices remain stable. According to traders, the demand for barley from malt companies will still remain, due to which there may be a slight improvement in its price, but now a big rise is not expected. Although the outstanding stock of barley is low, the arrival of the new crop will increase throughout the week.
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, in the current crushing season till March 15, sugar production has been 280.79 lakh tonnes, whereas in the same period last year, 282.60 lakh tonnes had been produced.
Mustard prices are expected to remain stable. There was a decline in the prices of edible oils in the world market over the weekend. The weather is favorable in the producing states, hence the arrival of new mustard will continue. In such a situation, there is no possibility of a big rise in its prices. Mustard oil prices weakened by Rs 10, while demand for oil is also weak.
The prices of edible oils have weakened by 10 to 15% in the domestic market. On the other hand, the prices of palm oil in Malaysia had weakened over the weekend, and there is expected to be a limited rise and recession in the edible oils in the world market, hence there will not be much increase in their prices in the domestic market.
The prices of castor seeds have improved, the daily arrival in the markets of Gujarat is close to 90 thousand bags. In Gujarat, castor seed prices increased by Rs 10 from Rs 1,180 to Rs 1,205 per 20 kg.
Soybean prices have remained weak in the producer markets even today. According to traders, there is no expectation of much rise 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.
Cotton prices have become weak in the domestic market, recently there has been a decline in the prices of cotton in the foreign market, which is affecting its price in the domestic market. Anyway, due to March closing and festive season, business is being done in limited quantity. However, mills’ purchases of cotton are expected to increase in April.
The prices of cottonseed and cotton cake became stable. 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 may be a slight softening in their prices, but there is little chance of a major decline.
The prices of guar seed and guar gum have weakened in the current week. According to traders, there is more outstanding stock of guar seeds with the plants. Whereas the export of guar gum products has declined 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.