Increase in prices of gram and lentils, prices of other pulses stable
Wheat prices stable, guar gum and seeds soft
New Delhi. According to sources, the government will purchase gram at a price Rs 400 more than the MSP, hence the prices of gram in Delhi opened Rs 100 higher on Saturday. Production estimates for the current season are low, so stockists are increasing prices. Anyway, the government will have to purchase gram for the buffer stock in the central pool. However, 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. In such a situation, buy gram only when the price comes down. In Delhi, the price of new gram from Rajasthan rose by Rs 100 to Rs 6,300 to Rs 6,325 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 100 to Rs 6,275 to Rs 6,300 per quintal. The daily arrival of gram was 2 to 3 motors.
Pigeon pea prices became stable in Solapur. According to experts, in view of the strictness of the Central Government, millers are purchasing only as per requirement, hence the price of pigeon pea is expected to fall. Anyway, in the coming days, the arrival of lemon from Myanmar will increase, along with new shipment of pigeon pea will come from Sudan. Due to the increased prices of Arhar dal, the retail as well as wholesale subscription 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 desi arhar was quoted at Rs 10,500 to Rs 11,700 per quintal.
According to traders, the demand for urad dal in wholesale and retail is weaker than normal, while the prices in dollar terms have increased in the current week, in which its prices have also improved in the domestic market. However, as the inflow 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. Anyway, the import of urad from Myanmar will increase in the coming days, anyway the production estimate in Myanmar is high. 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.
Moong prices have 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.
The price of local lentils increased by Rs 25 in Delhi. According to traders, stockists are increasing the prices of lentils, while 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 desi lentils was Rs 6,375 to Rs 6,400 per quintal.
Along with paddy, there has been slight softening of Basmati rice. According to traders, export demand for rice is expected to remain intact, hence there is no possibility of a major decline in its prices. In Amritsar mandi, the price of paddy of 1,121 varieties was Rs 4,511 and that of 1,718 varieties was Rs 4,425 per quintal. Due to government procurement of wheat, the daily arrival of paddy in the producer markets has almost stopped.
Wheat prices remained stable at Rs 2450 per quintal at Lawrence Road. The arrival of new wheat has started increasing in the states of North India and if the weather remains favourable, there will be pressure on 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. The arrival of wheat in Delhi was 6,500 bags.
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. In Baramati mandi, the price of feed quality maize was Rs 2,295 per quintal.
Millet prices stabilised. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing considerably. Reaching Punjab, millet was traded at the rate of Rs 2,350 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 producer markets was Rs 1550 to 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, castor seed prices in the mandis were quoted at Rs 1,130 to Rs 1,150 per 20 kg, and the daily arrival was 1,65,000 bags. On the other hand, in Rajkot, the price of castor oil rose by Rs 5 to Rs 1,175 and that of FSG increased by Rs 5 to Rs 1,185 per 10 kg.
Mustard prices are expected to soften, palm oil prices in Malaysia had weakened at the end of the current week, and soy oil had 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 subscription for khal is also weak.
There has been a decline of 2 to 5 rupees in edible oils in the domestic market. Palm oil prices have weakened in Malaysia in the current week, along with soy oil in Chicago. According to experts, there is little chance of a big rise in edible oils in the world market. Therefore, their prices are expected to soften in the domestic market.
Soybean prices became weak in producer markets for the second day. According to traders, the daily arrivals in the producer markets will remain the same, while the plants are purchasing only as per the requirement.
Cotton prices in the domestic market became weak for the fourth day as cotton prices had declined in the world market on Friday also. According to experts, the sales of cotton by MNC companies have been low, whereas due to the recent weak prices in the world market, exports do not seem to be taking place. In such a situation, the rise or fall in its prices will depend on the prices in the foreign market.
The prices of cottonseed and cotton cake have become stable, according to traders, the subscription is weaker than normal, also 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 their prices will remain unchanged. There may be slight uptick and recession.
Guar seed and guar gum have softened. According to traders, its prices had increased due to the activism of stockists. However, export demand for guar gum products is weaker than normal and outstanding stocks with plants are high. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.