Gram and lentils rise, prices of other pulses almost stable
Wheat prices rise, guar gum and seeds continue to riseNew Delhi. The prices of gram in Delhi have increased by Rs 50, according to experts, the prices have increased due to increase in purchases from stockists, however, if the season continues in the producing states, then the arrivals of gram in the mandis will increase. Pulse mills are purchasing gram only as per requirement. In such a situation, due to increase in arrivals, a slight decline in the current prices is expected, hence gram should be purchased at lower prices only. However, the production estimate of gram in the current season is low.
In Delhi, new gram prices from Rajasthan rose by Rs 50 to Rs 5,775 to Rs 5,800 per quintal, while new gram prices from Madhya Pradesh rose by Rs 50 to Rs 5,750 to Rs 5,775 per quintal. The daily arrival of gram was 8 to 9 motors.
In Jaipur mandi, the price of moth bilti became stable at Rs 6,400 per quintal.
Pigeon pea prices became stable in Solapur. According to traders, the dollar price of lemon had increased in the last two days, hence importers had increased the prices. However, the procurement of mills could not increase at the increased prices. According to experts, the arrival of lemon from Myanmar will increase in the coming days, along with the shipment of new 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. In Solapur market, the price of local pigeon pea was quoted at Rs 9,500 to Rs 10,800 per quintal.
Prices of urad imported from Burma had risen in dollar terms in Chennai for two consecutive days. Therefore, its price had increased in the domestic market. Although the demand for urad dal in wholesale and retail 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. Anyway, the import of urad from Myanmar will increase 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 rise in the prices of urad but there is no possibility of a big rise. The price of urad SQ from Burma to Chennai was quoted at $1,155 per tonne and FAQ at $1,065 per tonne, C&F.
Moong prices still remained stable in the 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. Moong prices remained stable at Rs 6,800 to Rs 8,000 per quintal in Chhindwara mandi.
The price of local lentils increased by Rs 25 in Delhi, although traders are not very bullish. If the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrivals of new lentils will increase. 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, there is no possibility of a big rise in its price. In Delhi, the price of desi lentils was Rs 6,375 to Rs 6,400 per quintal.
Along with paddy, the price of Basmati rice has also improved. According to traders, mills have stock of high priced paddy, 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 Rs 4,350 and PB 1 variety of paddy was Rs 3,923 and in Ratia Mandi, the price of 1,401 variety of paddy was Rs 4,325 to 4,331 per quintal. The price of PB 1 variety paddy was Rs 3,935 per quintal.
Wheat prices rose by Rs 30 at Lawrence Road from Rs 2,500 to Rs 2,530 per quintal. If the weather remains favourable, the arrival of new wheat in the states of North India will increase in the coming days, hence its price is expected to soften in the future. There has been an increase in arrivals of new wheat in Madhya Pradesh and Rajasthan.
The price of maize has softened. According to traders, the arrival of maize has been continuously increasing in the markets of Bihar, hence its price is expected to soften further. The price of maize in Sangli Mandi remained at Rs 2,340 per quintal.
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. Reaching Jagdishpur, millet was traded at the rate of Rs 2,430 per quintal.
Barley prices became stable. The arrival of new crop of barley has increased in the producer markets, and the arrival will increase further in the coming days, hence its price is expected to decrease further. Barley prices in producer markets are ranging from Rs 1500 to Rs 1,850 per quintal depending on the quality.
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.
Castor seed prices in Gujarat weakened by Rs 5 for the second consecutive day to Rs 1,150 to Rs 1,175 per 20 kg, and the daily arrival was 1,00,000 bags. Castor oil prices remained stable at Rs 1,200 per 10 kg for commercial and Rs 1,210 for FSG in Rajkot.
The price of mustard is expected to improve. Palm oil is up in Malaysia, while soy prices are up in Chicago. If the weather remains favorable in the producing states, the arrival of new mustard will continue. In such a situation, there may be a slight improvement in its prices. The prices of mustard oil and mortar became stable.
In the domestic market, the prices of edible oils have increased by Rs 5 to 10 for the third consecutive day. On the other hand, in Malaysia, the price of June palm oil futures contract rose by 84 rigints to 4,396 rigints per tonne, while in Chicago, the price of soy oil opened higher. According to experts, there may be a slight rise in the prices of edible oils in the world market, but there is little hope of a big rise, hence there may be a slight improvement in their prices in the domestic market, but the chances of a big rise are less.
Soybean prices have increased for the second day 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 requirement. In Chicago, the prices of soybean and meal have declined, while that of soy oil has increased.
There has been a decline in cotton prices in the domestic market, there was a three-point decline in cotton futures in the foreign market on Tuesday, due to which the demand from domestic mills has weakened. According to traders, the demand for cotton from spinning mills is expected to remain as the outstanding stock of cotton with the mills is less. Therefore, prices are expected to increase again in future.
The prices of cottonseed and cotton cake have improved. According to traders, selling at lower prices has reduced, hence a slight correction may be possible. Anyway, 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 the slight increase in their prices may become even more mild.
There was a rise in the prices of guar seed and guar gum. Stockists want to increase the prices due to the fear of less rainfall in the current season due to the effect of El Nino, hence they should keep booking profits from the increased prices, because a one-sided increase in its prices is not expected. Anyway, export demand for guar gum products is weaker than normal. However, the daily arrivals of guar seeds have decreased compared to earlier.