Mixed trend in gram, prices of other pulses stable
Wheat prices rise on second day, improvement in Guar gum and seed
New Delhi. The prices of Rajasthani gram became stable in Delhi, while the prices of Madhya Pradesh weakened by Rs 25. Traders are not in a big hurry in gram right now. If the weather remains favorable in the producing states, then the arrival of new gram will increase from next week. Keeping this in view, the dal millers are buying only as per the need. In the coming days, due to the pressure of arrivals of the new crop, 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.
In Delhi, the price of new gram from Rajasthan remained stable at Rs 5,750 per quintal, while the price of new gram from Madhya Pradesh fell by Rs 25 to Rs 5,700 per quintal. The daily arrival of gram was of 4 to 5 motors.
Moth bill prices weakened to Rs 6,400 per quintal in Jaipur market.
The prices of pigeon pea remained stable in Solapur. On the other hand, its prices in Chennai were stable in dollar terms on Thursday. According to traders, lemon imports are expensive, so importers can slightly increase its price, but a big increase is not expected. Anyway, in the coming days, the arrival of lemon from Myanmar will increase, along with this new shipment of pigeon pea will come from Sudan. In the domestic market, pulse mills are buying only as per the requirement because the demand for pigeon pea is weaker than normal. On the other hand, the central government is constantly reviewing the prices of pulses. According to experts, the arrival of Desi pigeon pea will remain in the producing markets. Therefore, one should not trade by assuming a big increase in its price. In Solapur market, the price of Desi pigeon pea was quoted at Rs 9,500 to Rs 10,500 per quintal.
The prices of imported urad dal remain stable in dollar terms in Chennai. Limited rise and fall in its prices is being seen in the domestic market. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, while the arrival of urad is continuing in Telangana as well as Andhra Pradesh. Due to the strictness of the central government, the mills are purchasing urad only as per the requirement. However, due to the consumption season, the demand for urad dal in South India will increase in the coming days, but at the same time, imports from Myanmar will be more in the coming days, anyway the production estimate in Myanmar is high. In such a situation, 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. The prices of urad SQ from Burma to Chennai remained stable at $ 1,110 and FAQ at $ 1,025 per ton, C&F.
The prices of moong have become stable in the producing markets. Traders are not in favor of a big increase in the prices of moong right now. The weather is clear, so the daily arrival of moong in the markets of producing states has started increasing as compared to earlier. Also, due to the consumption season, the demand for moong dal will remain, and there is a possibility of a decrease in the production estimate of moong. Therefore, a limited increase or decrease in its price is expected. The prices of new moong in Dahod remained stable at Rs 7,000 to Rs 7,500 per quintal.
The prices of Desi Masoor became stable in Delhi, its prices had come down for the last two days. According to the traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, then the arrivals of new Masoor will increase within a week. Record production of Masoor is expected in the current Rabi season. Therefore, its prices are expected to come down further. However, due to low outstanding stock, the arrivals of old Desi Masoor are decreasing in the producing markets, while the demand for Masoor dal from the consuming states of Bihar, Bengal and Assam is expected to remain the same. Therefore, there is no possibility of a big increase in its price. The prices of Desi Masoor in Delhi were quoted at Rs. 6,200 to Rs. 6,225 per quintal.
Along with paddy, the price of Basmati rice has also softened slightly, although the traders are not in much of a slump. Mills have low stock of paddy, while export demand for rice is expected to remain. In Sirsa market, the price of 1,401 variety of paddy is Rs. 3,800 to Rs. 4,264 and the price of PB 1 variety of paddy is Rs. 3,850 and in Ratia market, the price of 1,401 variety of paddy was quoted at Rs. 4,305 per quintal.
The price of wheat on Lawrence Road increased by Rs 15 to Rs 2525 to Rs 2550 per quintal. However, traders are not in a hurry. If the weather remains favorable, 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 again. The arrival of new wheat in Madhya Pradesh and Rajasthan will now increase.
The Union Ministry of Food and Consumer Affairs has made it mandatory for traders, traders, millers and big chain retailers to upload information about wheat stock on the central portal every week.
The prices of maize remain stable. According to traders, the arrival of Rabi maize has started in the markets of Bihar, and its arrival will increase further in the coming days, hence its prices are expected to soften further. The prices of starch maize remained stable at Rs 2,300 per quintal in Himmatnagar Mandi.
Bajra prices have stabilized. According to traders, the arrival of Bajra in the producing markets is decreasing, so there is no possibility of much decline in its price. Poultry feed quality Bajra reaching Punjab was traded at the rate of Rs 2,420 per quintal.
The prices of barley have stagnated. New crop of barley is arriving in the producing markets, and the arrival will increase further in the coming days, hence its prices are expected to decrease further.
Sugar prices remain stable. Traders are not very bearish on sugar right now, due to the summer season, demand for sugar is expected to remain. However, the central government has released a large amount of sugar quota for March.
Mustard prices are expected to remain stable. There is a holiday in Chicago, while palm oil prices have improved in Malaysia. The weather is favourable in the producing states, so the arrival of new mustard will continue. In such a situation, there is no possibility of a big increase in its prices. Demand for mustard oil and cake is weak.
There is a mixed trend in edible oils in the domestic market. Soya oil has softened by Rs 5 while the price of palm oil has opened up by Rs 5. In Malaysia, the price of palm oil in the futures contract of June has increased by 25 ringgit to 4,161 ringgit per ton. Chicago is closed due to holiday. There is no hope of a big increase in edible oils in the world market, so their prices will not increase much in the domestic market.
Soybean prices have stabilized in the producing markets. According to traders, its price is not expected to increase much in the domestic market. Daily arrivals in the producing markets will remain the same, while plants are purchasing only as per their requirement.
There has been a slight improvement in the prices of cotton in the domestic market, the prices of cotton closed higher in the foreign market on Thursday. Hence, there has been an improvement in the purchases of domestic mills. Although the trade is currently happening in limited quantity due to March closing, but the purchases of mills in cotton are expected to increase in April.
The prices of cottonseed and cottonseed cake have become stable, oil mills are buying cottonseed only as per their requirement, but the daily arrivals of cotton in the producing markets have decreased as compared to earlier, and in the coming days the arrivals will decrease further, hence a slight rise or fall in their prices is expected.
The prices of guar seed and guar gum remain almost stable in the producing markets. According to traders, the plants have a lot of outstanding stock of guar seed. While the export of guar gum products has decreased to 3.39 lakh tonnes during April to January of the current financial year, whereas its export was 3.50 lakh tonnes in the same period of the previous financial year. In such a situation, there is no possibility of a big increase in its prices right now.