Improvement in gram, lentil weak, prices of other pulses stable
Wheat prices stopped, guar gum and seed prices stable
New Delhi. In Delhi, the prices of Madhya Pradesh gram have increased by Rs 25, while the prices of Rajasthani gram remain stable. The current prices of gram may soften further as purchase support is not being found in the increased 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 was quoted at Rs 6,450 to Rs 6,475 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 25 to Rs 6,425 to Rs 6,450 per quintal. The daily arrival of gram was 5 to 6 motors.
Pigeon pea prices became stable in Solapur. According to traders, the prices of imported lemons in Chennai remained stable in dollar terms on Tuesday. 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. However, import prices of Pigeon pea are still expensive, hence importers want to increase the prices. 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 11,850 per quintal.
Imported urad prices weakened in dollar terms in Chennai on Tuesday. According to traders, the demand for urad dal in wholesale and retail is weaker than normal, hence there is no possibility of a big rise in the prices of urad. 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 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.
Moong prices became stable in producer markets. According to experts, the prices of moong are expected to soften because 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. Moong bilti price in Delhi remained stable at Rs 6,325 per quintal.
Prices of desi lentils weakened by Rs 25 in Delhi. According to traders, the arrival of 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. In Delhi, the price of local lentils was Rs 6,325 per quintal.
Along with paddy, the prices of Basmati rice became stable. According to experts, demand from exporters for Basmati rice is expected to remain and stockists do not seem to be affected by these prices. Therefore, there is no possibility of much recession. Due to government procurement of wheat, the arrival of paddy is stopped in the markets.
Wheat prices increased from Rs 2450 to Rs 2,475 per quintal on Lawrence Road. The weather is clear in the states of North India, hence the arrival of new wheat will increase, due to which there may be a slight decline in its price. On the other hand, the arrival of new wheat in Uttar Pradesh, Madhya Pradesh and Rajasthan also remains equal.
Government procurement of wheat has reached 196 lakh tonnes, which is 10.7 percent less than 219.5 lakh tonnes at this time last year.
Maize prices have become 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 Chalisgaon mandi, the price of starch maize was traded at the rate of Rs 2,275 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. Reaching Punjab, millet was traded at the rate of Rs 2,200 per quintal.
Barley prices became stable. According to traders, there has been a decrease in the arrivals of barley in the producer markets. On the other hand, stockists and malt companies are purchasing. Therefore, there may be a slight improvement in the price. In Charkhi Dadri Mandi, barley prices were quoted at Rs 1850 to Rs 1910 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 became stable. On the other hand, palm oil prices in Malaysia have declined on Tuesday, however, soy oil prices have opened high in Chicago today. 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 the prices of mustard. The price of mustard oil weakened by Rs 5, however, the price of flour remained stable.
The price of edible oils in the domestic market has fallen by Rs 5 to Rs 10. Palm oil prices in Malaysia weakened on Tuesday. On the other hand, soy oil has improved in Chicago today. Therefore, there may be slight rise or fall in their prices. Experts believe that there is little chance of a big rise in edible oils in the world market.
Soybean prices have weakened in the 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. In Chicago, soybean and meal prices have declined while soy oil prices have opened higher.
Cotton prices became weak in the domestic market. On the other hand, there was a three-digit decline in cotton prices in the foreign market on Tuesday, due to which the demand from domestic mills became weak. 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. But the rise or fall in its prices will depend only on the price of ICE cotton futures.
The prices of cottonseed and cotton cake remain soft, according to traders, the subscription is weaker than normal and due to decrease in the 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. Traders are not very bullish on its price right now. 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.