Prices of gram, lentils and pigeon pea weak, prices of other pulses stable
Wheat prices soften, guar gum and seeds fall
New Delhi. Rajasthani gram prices weakened by Rs 25 due to profit booking by stockists on increased prices, while those of Madhya Pradesh remained stable. According to traders, the prices of gram had increased last week, and mills could not get support for purchasing at the increased prices. However, stockists are still active, hence its price will remain bullish and bearish. Anyway, the production estimate in the current season is low, and the government will 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 weakened by Rs 25 to Rs 6,325 to Rs 6,350 per quintal, during this time the price of new gram from Madhya Pradesh was quoted from Rs 6,300 to Rs 6,325 per quintal. The daily arrival of gram was 5 to 6 motors.
Pigeon pea prices weakened by Rs 100 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 has declined, and the current prices are expected to decline 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. 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 pigeon pea was quoted at Rs 10,000 to Rs 11,600 per quintal.
According to traders, the demand for urad dal in wholesale and retail is weaker than normal. However, its prices have increased in dollar terms last week, in which its prices had also improved in the domestic market. However, as the inflow of urad is continuing in Telangana as well as in 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, and 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. In Chhindwara, the price of new moong ranged from Rs 6,800 to Rs 8,050 per quintal.
Prices of desi lentils weakened by Rs 25 in Delhi. According to traders, stockists had increased the prices of lentils last week. 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 6,400 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 there is no possibility of a major decline in its prices. In Amritsar mandi, the prices of 1,121 varieties of paddy were Rs 4,400 to 4,525 and those of 1,718 varieties were Rs 4,300 to 4,400 per quintal. Due to government procurement of wheat, the daily arrival of paddy in the producer markets of Haryana has stopped.
Wheat prices weakened by Rs 10 to Rs 2440 per quintal at Lawrence Road. Due to bad weather in the states of North India, the arrival of new wheat will be delayed by one day. However, as soon as the weather clears up, the arrival of the new crop will increase, hence its prices are expected to soften further. There has been an increase in arrivals of new wheat in Madhya Pradesh and Rajasthan. 10,000 bags of wheat arrived in Delhi.
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 Chalisgaon mandi was Rs 2,235 per quintal.
Millet prices stabilised. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing considerably. In Dadri Mandi, millet was traded at the rate of Rs 2,260 to Rs 2,300 per quintal.
There has been a slight improvement in the price of barley. According to traders, the arrival of barley in the producer markets has been affected by bad weather, hence the price has improved. The price of barley in Dadri Mandi increased from Rs 1750 to Rs 1800 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 weakened by Rs 5 in Gujarat, castor seed prices in mandis dropped to Rs 1,115 to Rs 1,145 per 20 kg, and daily arrival was 1,85,000 bags. On the other hand, in Rajkot, the price of castor oil fell by Rs 5 to Rs 1,170 and that of FSG fell by Rs 5 to Rs 1,180 per 10 kg.
Mustard prices are expected to soften. In Malaysia, palm oil prices have softened in the futures contract for June, while soy oil has increased in Chicago. According to experts, if the weather remains favorable in the producing states, the arrival of new mustard will remain the same. In such a situation, there may be limited rise and fall in its prices. Mustard oil prices have opened higher by Rs 5, but the demand is weak.
There has been an increase of five rupees in the prices of edible oils in the domestic market. Although in Malaysia, palm oil prices weakened by five rigins to 4,277 rigins per tonne in the June futures contract, but soy oil has gained momentum in Chicago. According to experts, there is little chance of a big rise in edible oils in the world market. Therefore, their prices in the domestic market are expected to remain limited bullish and bearish.
Soybean prices became stable in producer markets. According to traders, the daily arrivals in the producer markets will remain the same, while the plants are purchasing only as per the requirement. In Chicago, soybean and meal prices have weakened, while soy oil has registered a rise.
Cotton prices in the domestic market also weakened for the fifth working day. There was a big fall in its prices in the world market last week. According to experts, the sale of cotton by MNC companies in the domestic market has been low, and 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 only on the prices in the foreign market.
There has been a slight improvement in the prices of cottonseed and cotton cake, according to traders, the subscription is weaker than normal, while 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 There may be a slight rise in prices, recession may persist.
There has been a decline in guar seed and guar gum. According to traders, export demand for guar gum products is weaker than normal and the outstanding stock with the plants is high. Monsoon rains are expected to be normal in the current season, due to which there is pressure on prices. However, there has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.