Gram and pigeon pea prices rise, lentils fall and prices of other pulses remain stable
Wheat prices continue to soften, Guar gum and seed prices remain stable
New Delhi. The prices of Rajasthani gram remained stable in Delhi, while the price of gram from Madhya Pradesh has improved by Rs 25. According to traders, stockists want to increase the prices of gram, however the central government has extended the import period of yellow peas till June, due to which its import will continue. However, if the weather remains in the producing states, then the arrival of gram in the markets will continue and the dal mills are buying gram only as per the requirement. In such a situation, one should not trade by assuming a big rise. 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 5,825 to Rs 5,850 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 25 to Rs 5,800 to Rs 5,825 per quintal. The daily arrival of gram was of 9 to 10 motors.
Moth prices remained stable at Rs 6,200 per quintal in Bikaner market.
In Solapur, the price of pigeon pea has opened 300 rupees higher. The prices of lemon pigeon pea reaching Chennai from Burma have increased in the current week, due to which its imports are expensive. That is why importers want to increase its prices, but the demand support of the mills is not being received, due to which the rise is not being sustained. In such a situation, profit booking should be done in the increased prices. 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, the 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 continue in the producing markets. In Solapur market, the price of Desi pigeon pea was quoted at Rs 9,500 to Rs 11,200 per quintal.
The prices of Urad imported from Burma stabilized in dollar terms in Chennai. According to experts, 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. In any case, the import of Urad from Myanmar will increase in the coming days, in any case 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 increase in the prices of Urad, but there is no possibility of a big increase. However, imports are still expensive. The price of Urad SQ from Burma to Chennai was quoted at $ 1,150 and FAQ at $ 1,065 per ton, C&F.
The prices of moong still remained 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 the 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 the production estimate of moong being low. Therefore, limited rise and fall in its prices is expected. The prices of moong remained stable at Rs 7,000 to Rs 7,500 per quintal in Dahod market.
The price of Desi Masoor weakened by Rs 50 in Delhi. If the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, then the arrival of new Masoor will increase further. A record production of Masoor is expected in the current Rabi season. However, due to low outstanding stock, the arrival of old Desi Masoor is decreasing in the producing markets, whereas the demand for Masoor 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 price of Desi Masoor in Delhi was quoted at Rs. 6,300 per quintal.
Along with paddy, the price of Basmati rice also became stable. According to the traders, the export demand for rice is expected to remain, so its prices are expected to improve further. In Amritsar market, the price of 1,121 variety of paddy was Rs. 4100 to Rs. 4630, and the price of 1,718 variety of paddy was Rs. 4100 to Rs. 4,600 and medium material was Rs. 3,200 to Rs. 3,800 per quintal. In Ratia market, the price of 1,401 variety of paddy was quoted at Rs. 4,351, and that of 1,847 at Rs. 3361 per quintal.
Wheat prices weakened by Rs 10 to Rs 2470 per quintal at Lawrence Road. If the weather remains favorable, the arrival of new wheat in the states of North India will increase in the coming days, so its price is expected to soften in the future. There has been an increase in the arrival of new wheat in Madhya Pradesh and Rajasthan.
The price of maize has stabilized. According to traders, the arrival of maize in the markets of Bihar has been increasing continuously, so its price is expected to soften further. The price of starch maize has stabilized at Rs 2,275 per quintal in Chalisgaon Mandi.
Bajra prices have stabilized. Although traders are not in favor of a big fall, the arrivals in the markets have remained very low. Bajra traded at the rate of Rs 2,300 per quintal in Charkhi Dadri Mandi.
The prices of barley have become stable. The arrival of new crop of barley has increased in the producing markets, and the arrival will increase further in the coming days, hence its prices are expected to decrease further. The prices of barley in the producing markets are running from Rs 1500 to Rs 1,850 per quintal depending on the quality.
Sugar prices have stabilized. Traders are not very bearish on sugar right now, due to the summer season, demand for sugar is expected to remain. ISMA has demanded the central government to allow the export of 10 lakh tonnes of sugar, as the sugar production estimate has increased.
Castor seed prices in Gujarat weakened by Rs 10 on the second day to Rs 1,150 to Rs 1,175 per 20 kg, and daily arrival was 1,15,000 bags. On the other hand, in Rajkot, Castor oil commercial prices weakened by Rs 12 to Rs 1,198 and FSG by Rs 12 to Rs 1,208 per 10 kg.
There is a possibility of a decline in the price of mustard oil. The price of palm oil weakened at the end of the current week in Malaysia, whereas if the weather remains favourable in the producing states, the arrival of new mustard oil will remain the same. In such a situation, its prices are expected to decline. The price of mustard oil weakened by Rs 10, while the price of oil cake remained stable.
In the domestic market, the prices of edible oils have opened weaker by 5 to 10 rupees. In Malaysia, there was a decline in the palm oil futures contract at the end of the current week. According to experts, there may be a slight softening in edible oils in the world market due to profit booking, hence their prices may also remain soft 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 as the daily arrivals in the producing markets will remain the same, while the plants are purchasing only as per their requirement.
Cotton prices have stabilized in the domestic market, in the current week cotton futures have declined in the foreign market, due to which the demand of domestic mills has weakened. According to traders, the demand of spinning mills in cotton is expected to remain, because the mills have less outstanding stock of cotton. Therefore, there is no possibility of a one-sided big decline.
The prices of cottonseed and cottonseed cake have opened weak. According to traders, the demand is weaker than usual, and the daily arrivals of cotton in the producing markets have decreased as compared to earlier, and the arrivals will decrease further in the coming days, hence there may be a slight increase in their prices.
Prices of guar seed and guar gum have stabilized. According to experts, stockists had increased their prices in the current week, but the one-sided rise in prices will not last. In any case, the export demand for guar gum products is weaker than normal and the plants have more outstanding stock. However, the daily arrivals of guar seed have decreased compared to earlier.