Prices of gram as well as other pulses remain stable
Wheat prices soften, guar gum and seeds improve
New Delhi. Gram prices became stable in Delhi. Traders are not very bullish on gram right now. If the weather remains favorable in the producing states, 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.
In Delhi, the prices of new gram from Rajasthan stabilized at Rs 5,775 to 5,800 per quintal, while the prices of new gram from Madhya Pradesh stabilized at Rs 5,725 to 5,750 per quintal. The daily arrival of gram was 4 to 5 motors.
In Jaipur market, the price of moth bilti weakened to Rs 6,400 per quintal.
Pigeon pea prices remained stable in Dahod. Its prices have opened higher in dollars in Chennai. According to traders, the import of lemon has become expensive due to which importers can increase its price slightly, but a big increase is not expected. Anyway, in the coming days, the arrival of lemon from Myanmar will increase, along with new shipment of pigeon pea will come 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. In Dahod mandi, the price of desi pigeon pea was quoted at Rs 8,400 to Rs 8,500 per quintal. The price of lemon arhar reached Chennai at $ 1,275 per tonne, C&F.
Imported urad prices opened higher in dollar terms in Chennai. Therefore, there may be a slight improvement in its prices in the domestic market also. Although the wholesale and retail demand for urad dal is weaker than normal, the arrival of urad continues 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, South India’s demand for urad dal will increase in the coming days, but at the same time there will be more imports from Myanmar in the coming days, anyway the production estimate in Myanmar is higher. 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. Burma to Chennai urad SQ remained steady at $1,125 per tonne and FAQ at $1,035 per tonne, C&F.
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. In Dahod, new moong prices remained stable at Rs 7,000 to Rs 7,500 per quintal.
Prices of desi lentils remain stable in Delhi. According to traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrivals of new lentils will increase in the first week of April. 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 6,275 to Rs 6,300 per quintal.
Along with paddy, the prices of Basmati rice had softened on Friday, but today the prices became stable. According to traders, the stock of paddy with the mills is low, while export demand for rice is expected to remain. Therefore the prices will not drop much. In Sirsa mandi, the price of 1,401 variety of paddy was quoted at Rs 3,800 to 4,348 and PB 1 variety of paddy was quoted at Rs 3,858 and in Ratia mandi, the price of 1,401 variety of paddy was quoted at Rs 4,300 per quintal. In Gohana, the price of 1,121 varieties of paddy was Rs 4,425 per quintal.
Wheat prices weakened by Rs 10 at Lawrence Road to Rs 2525 to Rs 2540 per quintal. If the weather is favourable, the arrival of new wheat in the states of North India will start within a week, hence its price is expected to soften. There has been an increase in arrivals of new wheat in Madhya Pradesh and Rajasthan.
The Union Food and Consumer Affairs Ministry has made it mandatory for traders, traders, millers and big chain retailers to upload wheat stock information on the central portal every week.
Maize prices remain stable. According to traders, the arrival of maize in the markets of Bihar has increased compared to before, and its arrival will increase further in the coming days, hence its price is expected to soften further. Starch maize prices remained stable at Rs 2,375 per quintal in Muzaffarnagar mandi.
Millet prices stabilised. According to traders, the arrival of millet in the producer markets is decreasing significantly, hence there is no possibility of much decline in its price. Millet was traded at the rate of Rs 2,325 per quintal in Charkhi Dadri Mandi.
Barley prices have stopped. New crop of barley is arriving in the producer markets, and the arrival will increase further in the coming days, hence its price is expected to decrease further. The price of barley in Charkhi Dadri mandi was Rs 1,850 per quintal.
Sugar prices remain stable. Traders are not too bearish on sugar right now, as it is the summer season, the demand for sugar is expected to remain. However, the Central Government has released a higher quantity of sugar quota for March.
Mustard prices are expected to stop. There was an improvement in palm oil prices in Malaysia at the end of the current week. If the weather remains favorable in the producing states, the arrival of new mustard will continue. In such a situation, there is no possibility of a big rise in its prices. The price of mustard oil has increased by Rs 10, while the demand for mustard oil is weak.
The prices of edible oils in the domestic market increased by Rs 5 to Rs 15. There was an improvement in palm oil futures contracts in Malaysia on Friday. However, there is no expectation of a big rise in the prices of edible oils in the world market, hence their prices will not rise much in the domestic market.
Soybean prices became stable in producer markets. 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 the requirement.
Cotton prices stabilized in the domestic market. Due to March closing, spinning mills are purchasing cotton only as per requirement, although the outstanding stock of cotton with the mills is less. In such a situation, the purchase of cotton is expected to increase in April.
The prices of cottonseed and cotton cake have improved. According to traders, selling at lower prices has decreased, although oil mills are purchasing cottonseed only as per requirement. 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 a slight rise in their prices and a recession is expected.
The prices of guar seed and guar gum have improved. According to traders, export demand for guar gum products is weaker than normal, hence there is no possibility of a big rise in its prices. However, the daily arrivals of guar seeds have decreased compared to earlier.