Pigeon pea recession, prices of other pulses stable
Slight improvement in wheat, softening in guar gum and seeds.
New Delhi. The Central Government has made it mandatory to give information about the weekly stock of pulses. During the election time, the government is laying special emphasis on the prices of major pulses like arhar, urad, gram, masoor and moong so that their availability is ensured in the market. Therefore, this step of the government will create pressure on the prices of pulses in the domestic market.
Chana prices have become stable in Delhi, but buying has become weak, due to which prices are expected to soften. According to traders, if the weather remains favorable in the producing states, the arrival of gram will increase and pulse mills are purchasing gram only as per requirement. Although the production estimate of gram in the current season is low, its prices may increase again in the future, because the government is planning to purchase gram at the market price. In Delhi, the price of new gram from Rajasthan was quoted at Rs 6,125 to Rs 6,150 per quintal, during this period the price of new gram from Madhya Pradesh increased from Rs 6,075 to Rs 6,100 per quintal. The daily arrival of gram was 5 to 6 motors.
In Jaipur mandi, the price of moth bilti became stable at Rs 6,600 per quintal.
Pigeon pea prices have opened weak by Rs 150 in Solapur, due to Centre’s strictness, stockists in Pigeon pea have booked profits. On the other hand, the prices of Lemon Pigeon pea reaching Chennai from Burma are stable today. According to experts, due to the strictness of the Central Government, its price will soften further. 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. According to experts, the arrival of local pigeon pea in the producer markets has decreased compared to earlier. In Solapur market, the price of local pigeon pea was quoted at Rs 10,500 to Rs 11,850 per quintal.
Prices of urad imported from Burma remained stable 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 continues in Telangana as well as Andhra Pradesh. Anyway, 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. However, imports are still expensive. The price of urad SQ from Burma to Chennai was quoted at $1,165 per tonne and FAQ at $1,070 per tonne, C&F.
Moong prices remained stable in the producer markets even today. 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 new moong in Dahod mandi remained stable at Rs 7,000 to Rs 7,500 per quintal.
The prices of desi lentils have increased by Rs 25 in Delhi. However, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrivals of new lentils will increase further. 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 local lentils was Rs 6,375 per quintal.
Along with paddy, the prices of Basmati rice became stable. According to traders, export demand for rice is expected to remain intact, hence its prices are expected to improve further. Due to government procurement of wheat, the daily arrival of paddy in the producer markets has almost stopped.
Wheat prices rose by Rs 25 from Rs 2,450 to Rs 2,475 per quintal at Lawrence Road. The arrival of new wheat has started in the states of North India and if the weather remains favourable, there will be pressure for arrivals in the coming days, hence its price is expected to soften further. There has been an increase in arrivals of new wheat in Madhya Pradesh and Rajasthan.
Maize prices became stable. 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 starch maize in Sangli Mandi was Rs 2,350 per quintal.
Millet prices stabilised. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing significantly. In Charkhi Dadri Mandi, millet was traded at the rate of Rs 2,290 to Rs 2,315 per quintal.
Barley prices became stable. The arrival of new crop of barley in the producer markets remains constant, and the arrival will increase further in the coming days, hence the current price is expected to soften. The price of barley in Charkhi Dadri was Rs 1750 per quintal.
Sugar prices became 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, initial estimates for sugar are expected to increase.
Castor seed prices became stable in Gujarat today. Castor seed prices in the mandis stabilized at Rs 1,130 to Rs 1,160 per 20 kg, and the daily arrival was 65,000 bags. On the other hand, in Rajkot, the price of castor oil declined by Rs 2 to Rs 1,180 and that of FSG declined by Rs 2 to Rs 1,190 per 10 kg.
Mustard prices became stable. There is still a holiday in Malaysia today, while soy oil prices have softened in Chicago. On the other hand, if the weather remains favorable in the producing states, the arrival of new mustard will remain the same. In such a situation, its prices are expected to soften. Along with mustard oil, the prices of flour remain stable.
In the domestic market, the price of soya oil has increased by five rupees, while that of others remains stable. On the other hand, today is a holiday in Malaysia for the second day and soy oil is weak in Chicago. According to experts, there is little chance of a big rise in edible oils in the world market. Therefore, there may be limited rise and fall in their prices in the domestic market.
Soybean prices softened in producer markets. According to traders, there may be a slight softening in the prices of soybean in the domestic market. Anyway, the daily arrivals in the producer markets will remain the same, while the plants are purchasing only as per the requirement. Soybean and soy oil have declined in Chicago while meal prices have opened higher.
Cotton prices in the domestic market softened for the second day as its prices have recently declined in the world market, although traders are not in favor of a major decline. According to experts, the outstanding stock of cotton with the spinning mills is less and the ginners are not able to pay the current prices.
The prices of cottonseed and cotton cake have softened for the second day as well. According to traders, the subscription is weaker than normal, as well as the daily arrivals of cotton in the producer markets have decreased compared to before, and the arrivals will further decrease in the coming days, hence there may be a slight rise or fall in their prices.
The prices of guar seed and guar gum have weakened. According to traders, stockists had recently increased its prices, but due to lack of demand support, the increase could not last. Anyway, the export demand for guar gum products is weaker than normal and the outstanding stock with the plants is high. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.