New Delhi. Gram prices rose in the domestic market on Tuesday due to increased demand from pulses mills at lower prices, while during this period, there was a mixed trend in arhar, while the prices of urad declined. Along with lentils, the prices of moong became almost stable.
The prices of urad SQ imported from Burma reached Chennai remained stable but the prices of FAQ became weak by five dollars. During this period, the prices of Lemon Pigeon pea rose by five dollars continuously. Urad FAQ prices for April and May shipment softened by $5 to $1,080 per tonne, C&F, while SQ urad prices remained steady at $1,170 per tonne, C&F. In Chennai, lemon arhar prices rose by five dollars to $1,385 per tonne, C&F.
FAQs Urd prices imported from Burma softened in dollar terms in Chennai, while those of SQ remained steady. Imported urad prices softened for the second consecutive day due to weak procurement from pulses mills in the domestic market. According to traders, the arrival of urad dal in South India is weaker than normal, while the arrival of urad in Telangana and Andhra Pradesh is expected to remain the same. On the other hand, due to increase in arrival of new urad in Myanmar, imports will increase in the coming days, and the production estimate of urad in Burma is higher. The big rise in urad prices will not be sustainable right now.
Because in view of the strictness of the Central Government, the mills are purchasing pulses only as per requirement at increased prices. Hence, there may be limited bullishness and bearishness in its price. However, imports of urad are expensive due to which importers do not want to sell by reducing the price.
Pigeon pea prices were mixed, while lemon pigeon pea imported from Burma rose in dollar terms in Chennai for the second consecutive day. According to experts, the import of pigeon pea has become expensive and the arrival of domestic pigeon pea in the domestic markets has reduced compared to earlier. Therefore, stockists want to increase its prices, anyway there is a possibility of reduction in the production estimates of Pigeon pea in the major producing states Maharashtra and Karnataka. In such a situation, there may be a slight improvement in its price or even more, but one should not trade assuming a huge bullishness. According to experts, due to the increased prices, the wholesale as well as retail subscription of arhar dal is not increasing as expected, whereas in the coming days, the import of arhar from Myanmar as well as African countries will increase. On the other hand, the Central Government is also continuously reviewing the prices of pulses.
The price of gram had weakened by Rs 100, hence the prices increased today due to mills buying at lower prices. The arrival of new gram in the producer markets is not increasing as expected, because the production estimate of gram in the current season is low. Therefore, while stockists are maintaining procurement, farmers are also holding back the goods. However, the prices of gram are running above the support price in the producer markets, due to which mills are purchasing pulses only as per requirement at the current prices. Therefore, there may be limited rise and fall in gram prices. If the weather remains favorable in the producing states, the arrival of new gram will continue and should be purchased at lower prices. The future of gram is only bullish.
Canadian yellow pea prices remained stable at Rs 4,350 per quintal in Mumbai. During this period, the price of Russian yellow peas at Hazira port was Rs 4,150 per quintal. At Mundra port, the price of Rasiya yellow peas stabilized at Rs 4,150 per quintal. In Kanpur, the price of desi peas increased by Rs 25 to Rs 4,375 per quintal.
Along with local lentils in Delhi, the prices of imported lentils also became stable at the port. According to traders, if the weather remains favourable, the arrival of new lentils will remain equal in the markets of Madhya Pradesh as well as Uttar Pradesh. Sowing of lentils in the current Rabi has increased compared to last year, due to which the production estimate is also higher. Therefore, there is no possibility of a big rise in the current prices. According to experts, the outstanding stock of imported lentils at the port is also high.
In Madhya Pradesh’s Bina Mandi, the arrival of lentils was 5,000 bags and it was traded at the rate of Rs 5,500 to 5,700 per quintal.
Moong prices became stable in producer markets. Sowing of moong in the current summer season has increased compared to last year, due to which the production estimate is also higher. According to traders, the arrival of new moong in the producer markets will increase in the coming days, due to which its current prices are expected to soften. However, the demand for moong dal will also remain the same till mid-May, and at the end of May the demand for pulses usually decreases because the arrival of mango increases. The arrival of new summer moong has started in the markets of Madhya Pradesh as well as Gujarat.
In Delhi, the prices of SQ urad crop season 2023/24 weakened to Rs 10,000 per quintal. FAQ prices fell to Rs 9,725 per quintal.
In Mumbai, urad FAQ prices weakened by Rs 100 to Rs 9,300 per quintal.
In Kolkata, urad FAQ prices declined by Rs 50 to Rs 9,350 per quintal.
Bilti prices of urad became stable at Rs 8,500 to Rs 9,600 per quintal in Jaipur mandi.
In Chennai, lemon pigeon pea prices rose by Rs 50 to Rs 10,950 per quintal in the evening session.
Prices of desi arhar rose in Solapur and Indore, while prices remained stable in other mandis.
In Mumbai, new lemon arhar prices declined by Rs 50 to Rs 10,900 per quintal in the evening session.
In Delhi, the price of lemon arhar rose by Rs 50 in the evening session to Rs 11,350 per quintal.
Prices of pigeon pea imported from African countries remained stable in Mumbai. Prices of pigeon pea imported from Sudan stabilized at Rs 11,650 to Rs 11,700 per quintal. During this period, the price of Gajri Arhar was Rs 10,300 per quintal. Matwara pigeon pea prices stabilized at Rs 10,100 to Rs 10,200 per quintal. White pigeon pea prices remained stable at Rs 10,600 per quintal.
In Delhi, the price of desi lentils remained stable at Rs 6,275 per quintal.
Canadian lentil prices settled at Rs 6,225 per quintal in containers. Australian lentil prices settled at Rs 6,050 per quintal in containers. Lentil prices stabilized at Rs 6,050 per quintal at Mundra port and Rs 6,100 per quintal at Hazira port. In Patna, the price of desi lentil bilti became stable at Rs 6,250 per quintal.
In Delhi, the price of new gram of Rajasthan Line increased by Rs 100 to Rs 6,300 per quintal. During this period, the price of new gram of Madhya Pradesh line increased by Rs 100 from Rs 6,225 to Rs 6,250 per quintal.
In Indore, the prices of bold moong stabilized at Rs 8,200 to Rs 9,000 per quintal. In Indore, the prices of new summer masoor moong fell to Rs 8,700 to Rs 9,000 per quintal. Bilti price of moong in Jaipur mandi decreased by Rs 100 to Rs 8,200 to Rs 8,800 per quintal. The price of new moong remained stable at Rs 9,000 per quintal in Dahod mandi.