Prices of gram, arhar tej, other pulses stable
Wheat prices stopped, guar gum and seed prices increased
New Delhi. In Delhi, gram prices opened higher by Rs 100-125, but there was no trading at these prices. According to traders, the true price will be known only after the trade takes place. With the Center fixing the MSP for the purchase of gram, the activity of stockists has increased, however, due to the increased prices, the pulse mills are purchasing only as per requirement. However, the daily arrival of gram in the markets of producing states is not increasing as expected, because the production estimate in the current season is low, hence the future is only bullish, the market will not be unilaterally bullish. In Delhi, the price of new gram from Rajasthan increased by Rs 125 to Rs 6,700 per quintal, while the price of new gram from Madhya Pradesh increased by Rs 100 from Rs 6,625 to Rs 6,650 per quintal. The daily arrival of gram was 4 to 5 motors.
Pigeon pea prices opened higher by Rs 50 in Solapur on the third working day. On the other hand, the price of lemon arhar in Chennai had softened by five dollars in dollar terms at the end of last week. According to traders, pigeon pea imports are expensive, hence importers want to increase the prices, but the huge increase is not sustainable. Import of lemon from Myanmar is leveling off, along with shipment of new pigeon pea is also coming from Sudan. Due to increased prices of Arhar dal, retail as well as wholesale subscription is weaker than normal. Therefore, one should keep booking profits in increased prices. However, the central government is conscious about the high prices of pulses in the domestic market and is reviewing the prices every week. In such a situation, pulse millers are purchasing only as per requirement. Pigeon pea prices in Solapur remain stable at Rs 10,700 to Rs 12,000 per quintal.
Imported urad prices in dollar terms had weakened in Chennai on Saturday but stabilized today. 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 rise in the prices of urad dal. Anyway, the arrival of summer urad in the producer markets will increase in the current month. Due to the strictness of the Central Government, the pulse mills are purchasing urad only as per the requirement. Import of urad from Myanmar will increase in the coming days, and the production estimate in Myanmar is higher. In such a situation, 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 FAQs remained steady at $1,060 per tonne and SQ at $1,150 per tonne, C&F.
The prices of new moong had weakened in the producer markets last week, whereas today they have remained stable. According to traders, the demand for moong dal is weak, hence its current prices are expected to fall further. The arrival of summer moong has started in the mandis of Madhya Pradesh and Gujarat and if the weather remains favourable, the daily arrival of new moong in the mandis of the producing states will increase as 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. The arrival of summer moong has started increasing in the markets of Madhya Pradesh and its price was Rs 8,000 per quintal.
Prices of local lentils became stable in Delhi. According to traders, its prices had increased last week, but due to the increased prices, the demand for lentils is weak. At the same time, the arrival of lentils remains equal in Madhya Pradesh as well as Uttar Pradesh. Anyway, record production of lentils is expected in the current Rabi. The central government is also reviewing the prices of pulses every week. Therefore, there is no possibility of a big rise in its price. The old stock of lentils in the central pool is also good. 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 6,400 per quintal.
Along with paddy, the prices of Basmati rice remain stable. According to experts, the demand from exporters for Basmati rice is weaker than normal, but the sales are also coming down. Therefore, traders are not likely to be too bearish right now. Due to government procurement of wheat, the arrival of paddy is stopped in the markets. In Tohana, the price of paddy of Pusa 1,121 variety was quoted at Rs 4250 to 4300, 1718 variety at Rs 4,100 and 1,401 variety at Rs 3,900 per quintal.
Wheat prices stabilized at Rs 2,435-2,470 per quintal at Lawrence Road. The arrival of wheat in the states of North India has started decreasing compared to before, because the government is purchasing along with stockists and millers, although private procurement has reduced as compared to before. In such a situation, there may be a slight softening in its price. The daily arrival of wheat was 5,000 bags.
In the current Rabi marketing season 2024-25, more than 249.09 lakh tonnes of wheat has been procured from major producing states at the Minimum Support Price, MSP. The daily arrival of wheat in the producer markets has decreased compared to earlier.
Maize prices have increased, according to traders, the arrival of Rabi maize is continuous in the markets, hence there is no possibility of a big rise in its prices. In Sangli Mandi, the price of maize bilti increased from Rs 2,425 to Rs 2,490 per quintal.
Millet prices had improved last week. 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 2,325 per quintal.
The price of barley has improved. 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 further slight improvement in the price. Charkhi Dadri Mandi barley prices increased from Rs 1750 to Rs 1990 per quintal. Barley prices may rise further further.
Sugar prices stabilised. Traders are not too bearish on sugar as of now, as it is the summer season, the demand for sugar is expected to remain. By the end of April, 315.90 lakh tonnes of sugar has been produced in states across the country and the total production is estimated to be 320 lakh tonnes.
Mustard prices may improve, palm oil prices have increased in Malaysia, and soya oil prices have opened higher in Chicago. According to experts, there will be further reduction in daily arrivals of mustard in the producing states. In such a situation, there may be a slight improvement in mustard prices. The price of mustard oil has opened up by Rs 15, and the demand in the market is also good.
The prices of edible oils in the domestic market increased by Rs 5 to 15. In Malaysia, the July palm oil futures contract weakened by 65 ringgit to 3,874 ringgit per tonne, while the price of soy oil in Chicago also increased. In such a situation, there may be further improvement in the prices of edible oils.
Soybean prices became stable in producer markets. According to traders, the daily arrival of soybean in the domestic producer markets has remained the same, while the plants are purchasing only as per the requirement. In such a situation, a slight improvement may be possible but there is no possibility of a big rise. There has been a decline in soybean and meal prices in Chicago, while the prices of soy oil have opened higher.
The arrival of castor seed in Gujarat was 1,70,000 bags, and the price increased by Rs 15 from Rs 1,080 to Rs 1,115 per 20 kg.
Cotton prices stabilized in the domestic market. On the other hand, cotton prices had declined for the second consecutive day in the foreign market on Friday, but today the prices have opened higher in electronic trading. 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.
There has been an improvement in the prices of cottonseed and cotton cake, according to traders, the prices have improved due to demand at lower prices, anyway, due to decrease in daily arrivals of cotton in the producer markets, the sales of oil mills are also weak. Therefore, there may be a slight increase in prices.
The prices of guar seed and guar gum have increased. 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 assuming a huge one-sided 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.