Lentils weak, prices of other pulses stable
Wheat softened, guar gum and seed prices decreased
New Delhi. Gram prices became stable in Delhi. According to traders, stockists remain active in gram, 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 was quoted at Rs 6,325 to 6,350 per quintal, while the price of new gram from Madhya Pradesh was quoted at Rs 6,300 to Rs 6,325 per quintal. The daily arrival of gram was 7 to 8 motors.
Pigeon pea prices became stable in Solapur. According to traders, prices had weakened on Monday due to selling by stockists due to the strictness of the Central Government. Anyway, pulse millers are purchasing only as per requirement. Therefore, the current prices of pigeon pea 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.
The demand for urad dal in wholesale and retail is weaker than normal. According to traders, 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 higher. 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.
The price of local lentils weakened by Rs 75 in Delhi. According to traders, if the weather remains favorable in Madhya Pradesh as well as Uttar Pradesh, the arrival of new lentils will increase further. Record production of lentils is estimated in the current Rabi. The central government is also reviewing the prices of pulses every week. Therefore, its price is expected to soften further. According to experts, the demand for lentils in the consuming states of Bihar, Bengal and Assam is expected to remain the same. In Delhi, the price of local lentils was Rs 6,300 to Rs 6,325 per quintal.
Prices of paddy as well as Basmati rice are soft, although traders are not too bearish, but there is a fear that the tension between Iran and Israel will affect its export demand. Therefore, there may still be limited bullishness and bearishness in the prices. From Haryana’s Kaithal line, 1,718 varieties of sela rice were traded at the rate of Rs 7,100 per quintal.
Wheat prices weakened by Rs 15 to Rs 2425 per quintal at Lawrence Road. Due to bad weather in the states of North India, the pressure of new wheat arrivals has reduced compared to before. 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.
Maize prices became stable. According to traders, the arrival of Rabi maize has been continuously increasing in the mandis, hence its price is expected to soften further. In Baramati, the price of feed quality maize was quoted at Rs 2,360 per quintal.
Millet prices became weak. Although traders are not in favor of a big decline, anyway the arrivals in the mandis are decreasing significantly. Reaching Punjab, millet was traded at the rate of Rs 2,350 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. However, arrivals will increase once the weather clears. The price of barley in Dadri Mandi increased from Rs 1700 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 20 in Gujarat, castor seed prices in mandis dropped to Rs 1,090 to Rs 1,125 per 20 kg, and daily arrival was 1,50,000 bags.
Mustard prices are expected to soften. Palm oil prices have softened in the June futures contract in Malaysia, while soy oil has declined 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 is no possibility of increase in its prices right now. Subscription to mustard oil and mortar is weak.
There has been a decline of Rs 5 to Rs 15 in edible oils in the domestic market. However, in Malaysia, palm oil prices weakened by 30 rigints to 4,111 rigints per tonne in the June futures contract, while soy oil declined 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 have weakened in the 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 rose, while soy oil declined.
Cotton prices have improved in the domestic market. Its prices improved in the world market on Monday. 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.
Guar seed and guar gum have declined for the second day as well. The Indian Meteorological Department has forecast normal monsoon rains in the current season. 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.