Gram weak, prices of other pulses stable
, prices of wheat stable, prices of guar gum and seeds stagnant
RS Rana
New Delhi. Chana prices opened weak by Rs 25 in Delhi. According to traders, the prices have weakened due to profit-booking by stockists, anyway its prices had increased by Rs 350 to Rs 400 per quintal in the last four days. Therefore, there may be a slight softening in the current prices. However, the daily arrival of gram in the mandis of producing states is not increasing as expected, because the production estimate in the current season is low, hence the future is only bullish. In Delhi, the price of new gram from Rajasthan fell by Rs 25 to Rs 6,500 per quintal, while the price of new gram from Madhya Pradesh fell by Rs 25 to Rs 6,450 per quintal. The daily arrival of gram was 3 to 4 motors.
Pigeon pea prices remain stable in Solapur. According to traders, the prices of imported lemon in Chennai have remained stagnant even today. According to traders, the import prices of Pigeon pea are still expensive, hence the importers want to increase the prices, but the Central Government is strict regarding the high prices of pulses in the domestic market. In such a situation, pulse millers are purchasing only as per requirement. In the coming days, the arrival of lemon from Myanmar will increase, along with the shipment of new 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. Therefore, one should keep booking profits in increased prices. In Solapur market, the price of desi arhar was quoted at Rs 10,000 to Rs 11,900 per quintal.
Imported urad prices were stable in dollar terms in Chennai today, while they had closed weak on Friday. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, hence there is no possibility of a big one-sided increase in its prices. Anyway, the arrival of urad is still continuing in Telangana as well as Andhra Pradesh and due to the strictness of the Central Government, the pulse 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. In Chennai, urad SQ remained steady at $1,160 per tonne and FAQ at $1,070 per tonne.
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 arrival of summer moong has started in the mandis of Madhya Pradesh and Gujarat and if the weather remains clear, the daily arrival of new moong in the mandis of the producing states will increase compared to before. Sowing of moong in summer has increased in the current season, due to which the production estimate is also higher. Therefore, there is no possibility of a big rise in its price right now.
Prices of local lentils became stable in Delhi. However, its prices had increased in the last two days. According to traders, the arrival of new lentils has remained equal in Madhya Pradesh as well as Uttar Pradesh and record production of lentils is expected 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 consumption states of Bihar, Bengal and Assam will reduce after the end of May. The stock of lentils in the central pool is 6 to 6.50 lakh quintals. In Delhi, the price of local lentils was Rs 6,350 per quintal.
The prices of paddy as well as Basmati rice remain stable. According to traders, demand from exporters for Basmati rice is expected to remain, hence there may be a slight improvement in the current prices. Due to government procurement of wheat, the arrival of paddy is stopped in the markets. From Rajasthan line, 1,718 sela were traded at Rs 7150 to 7200, 1,509 sela were traded at Rs 6,500 and Sugandha sela were traded at Rs 5,100 per quintal.
Wheat prices remained stable at Rs 2,460-2,470 per quintal at Lawrence Road. The weather is bad in the states of North India, hence there is a fear that the arrival of new wheat will be affected. Therefore, there may be a slight improvement in its price. On the other hand, the arrival of new wheat in Madhya Pradesh and Rajasthan also remains equal.
Maize prices have weakened. According to traders, the arrival of Rabi maize has been continuously increasing in the mandis, hence its price is expected to soften in future. In Naugachhia of Bihar, maize was traded at the rate of Rs 2,020 per quintal.
Millet prices stabilised. According to traders, the arrival of millet is decreasing significantly in the markets, hence there will not be much slowdown. In Charkhi Dadri Mandi, millet was traded at the rate of Rs 2,200 to Rs 2,220 per quintal.
Barley prices remain stable. According to traders, due to increase in the arrival of wheat in the producer markets, the arrival of barley has decreased. On the other hand, stockists and malt companies are purchasing. Therefore, there may be a slight improvement in the price. The price of barley in Charkhi Dadri Mandi was Rs 1860 per quintal.
Sugar prices have remained stagnant. Traders are not too bearish on sugar as of now, as it is the summer season, the demand for sugar is expected to remain. However, the initial estimate of sugar is expected to increase and till April 15, 310.93 lakh tonnes of sugar has been produced in the states across the country.
Mustard prices are stable. There has been an improvement in palm oil in Malaysia at the end of the current week, along with this, the prices of soy oil also increased in Chicago. According to experts, if the weather remains favorable in the producing states, the arrival of mustard will remain constant. In such a situation, there is no possibility of a big rise in its prices. Along with mustard oil, the prices of flour became stable.
In the domestic market, the prices of edible oils have opened weak by Rs 5 to 10, but palm oil is higher by Rs 4. On the other hand, palm oil prices in Malaysia increased over the weekend. Also, soy oil has improved in Chicago. However, experts believe that there is little chance of a big rise in edible oils in the world market. Therefore, their prices will not increase unilaterally in the domestic market.
Soybean prices became stable in producer markets. According to traders, the daily arrival of soybean in the producer markets has remained the same, while the plants are purchasing only as per the requirement.
The arrival of castor seed in the markets of Gujarat was 1,65,000 bags and its price decreased by Rs 10 to Rs 1,090 to Rs 1,120 per 20 kg. In Rajkot, commercial oil prices declined by Rs 5 to Rs 1,150 per quintal and FSG prices declined by Rs 5 to Rs 1,160 per quintal.
Cotton prices in the domestic market remained stable for the second day. There is a mixed trend in cotton prices in the world market today, due to which domestic mills are purchasing only as per requirement. According to experts, the outstanding stock of cotton with the spinning mills in the domestic market is less, hence the mills will have to purchase cotton. However, the rise or fall in its prices will depend on the price of ICE cotton futures.
The prices of cottonseed and cotton cake have become stable, according to traders, the subscription is weaker than normal and due to the decrease in daily arrivals of cotton in the producer markets, the sales of oil mills are also weak. Therefore, there may be a slight rise or fall in their prices.
The prices of guar seed and guar gum became stable. 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. In such a situation, one should not do business considering the huge rise in guar gum and seeds. There has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.