Prices of gram, lentil and arhar fast, prices of other pulses stable
, prices of wheat stopped, softening of guar gum and seeds
New Delhi. Chana prices in Delhi opened higher by Rs 75 even today. According to traders, gram prices have remained high due to purchases by stockists, however, purchases by mills have definitely reduced at increased prices, hence profit booking is possible. However, considering the way the daily arrival of gram in the mandis of the producing states is not increasing as expected, and the production estimates for the current season are low, the future of gram is definitely bullish, but the market will not be unilaterally bullish. Import of gram from Australia is also expensive. In Delhi, the price of gram from Rajasthan increased by Rs 75 from Rs 6,800 to Rs 6,825 per quintal, during this period, the price of gram from Madhya Pradesh increased by Rs 75 to Rs 6,000 per quintal. The daily arrival of gram was 5 to 6 motors.
In Solapur, pigeon pea prices opened higher by Rs 100 even today, because yesterday the price of lemon pigeon pea had increased by Rs 25 against the dollar. According to traders, there has been a one-sided increase in the prices of gram in the current week because the imports of pigeon pea are expensive, hence importers are increasing the prices, but profit booking can come on the increased prices, because the government is continuously reviewing the prices of pulses. On the other hand, the import of lemon from Myanmar is increasing, along with the shipment of new pigeon pea is also coming from Sudan. Due to the increased prices of Arhar dal, the retail as well as wholesale subscription is weaker than normal. Therefore, one should keep booking profits in increased prices. Dal millers are purchasing at increased prices only as per requirement. The price of pigeon pea in Solapur increased from Rs 10,700 to Rs 12,300 per quintal.
The prices of imported urad in dollar terms had also increased in Chennai on Thursday, but today the prices became stable. According to traders, imports of urad have become expensive, hence there may be a slight improvement in its prices. However, the chances of a big rise are less. The arrival of summer urad has increased in the producer markets, while the demand for urad dal in wholesale and retail is weaker than normal, hence a big one-sided rise in the prices of urad will not be sustainable. 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 remain the same, and production estimates in Myanmar are also higher. In Chennai, urad FAQs remained steady at $1,085 per tonne and SQ at $1,180 per tonne, C&F.
Moong prices became stable in the producer markets today, whereas its prices had increased for the last two days, although traders are not in favor of a big unilateral rise. According to traders, the demand for moong dal is weak, hence profit booking may occur at its current prices. 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. Moong prices in Delhi stabilized at Rs 8,600 to Rs 8,750 per quintal.
The price of local lentils increased by Rs 25 in Delhi. According to traders, the arrival of lentils in the markets of Madhya Pradesh as well as Uttar Pradesh has reduced compared to before, and the prices of imported lentils are also high. Therefore, its price has improved recently. However, there is no possibility of a big rise in its prices right now. Anyway, record production of lentils is expected in the current Rabi. The central government is also reviewing the prices of pulses every week.
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 be less than normal in June. In Delhi, the price of local lentils was Rs 6,550 per quintal.
Along with paddy, the prices of Basmati rice became stable. According to experts, while exports are purchasing limited quantity of Basmati rice, sales are also coming in less. Therefore, traders are not very bearish now at the current prices. Due to government procurement of wheat, the arrival of paddy is stopped in the markets.
Wheat prices stabilized at Rs 2,470-2,475 per quintal at Lawrence Road. The arrival of wheat in the states of North India has decreased compared to before, and the purchases from stockists have also decreased. In such a situation, there may be a slight softening in its price.
In the current Rabi marketing season 2024-25, 257.05 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP. The daily arrival of wheat in the producer markets is decreasing to a limited quantity only.
Maize prices have increased, although traders are not very bullish. The arrival of Rabi maize is continuous in the mandis, hence a big rise in its price will not be sustainable. In Sangli, the price of maize was quoted at Rs 2,425 to Rs 2,500 per quintal.
Millet prices have softened. 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 2,375 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. Barley prices in producer markets are ranging from Rs 1800 to Rs 2000 per quintal. Barley prices will rise 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. Crushing has stopped in the sugar mills of Maharashtra.
There may be a slight improvement in mustard prices, palm oil prices have opened higher in Malaysia, but soy oil has a mixed trend in Chicago. According to experts, there will be further decline in daily arrivals of mustard in the producing states because stockists are reducing sales at lower prices. In such a situation, there is no possibility of much decline in mustard prices. The price of mustard oil weakened by Rs 5 while the price of flour also remained stagnant.
In the domestic market, the price of edible oils has opened weak by Rs 5. Although in Malaysia, the price of palm oil futures contract for the month of August rose by 45 rigints to 3,849 rigints per tonne, but the trend of soy oil in Chicago is mixed. In such a situation, there may be a slight rise 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 requirement. In such a situation, a slight improvement may be possible but there is no possibility of a big rise. There is a mixed trend in soybean and soy oil in Chicago while mill prices have opened higher.
The arrival of castor seed in Gujarat was 1,40,000 bags, and the price increased by Rs 15 to Rs 1,100 to Rs 1,150 per 20 kg.
Cotton prices stabilized in the domestic market. On the other hand, cotton prices had closed high in the foreign market on Thursday, but today the prices opened weak 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 a slight improvement in the prices of cottonseed and cotton cake, according to traders, selling at lower prices is weak, hence there may be further slight improvement in the current prices. Anyway, due to decrease in daily arrivals of cotton in producer markets, sales of oil mills are also weak. Therefore, there is no possibility of much decline in prices,
prices of guar seed and guar gum have softened. Traders are not in favor of a big rise in guar gum and seeds but stockists want to increase the prices. Export demand for guar gum products remains normal and outstanding stocks with plants are high. Monsoon rains are expected to be normal in the current season. However, there has been a decrease in the daily arrivals of guar seeds in the producer markets as compared to earlier.