Chana weak, prices of other pulses stable
Wheat prices stopped, Guar gum and seed prices stopped
New Delhi. The prices of gram in Delhi have opened weak by Rs 50. According to traders, the prices of gram have weakened due to profit booking by stockists, however, there was no trading at these prices. According to sources, the central government has suspended the Bharat Dal Yojana with immediate effect, so there will be no new allocation of gram for milling. According to traders, the arrival of gram in the markets of Rajasthan and Madhya Pradesh has reduced compared to earlier and production is estimated, so the future is bullish. The prices of Rajasthan gram on Lawrence Road weakened by Rs 50 to Rs 6,950 to Rs 6,975 per quintal, during this period, the prices of gram in Madhya Pradesh fell by Rs 50 to Rs 6,925 to Rs 6,950 per quintal. The daily arrival of gram was 11 motors, whereas on the previous business day, the arrival was of 6 motors.
The price of pigeon pea has become stable in Solapur. On the other hand, the price of lemon has remained stable in Chennai in dollar terms. According to traders, stockists want to increase the price of pigeon pea because imports are expensive. In the domestic market, pulse mills are not taking the risk of increased prices, so they are buying only according to the need. Anyway, the demand for pigeon pea is not increasing at the increased price. The government is constantly reviewing the prices of pulses. Lemon imports from Myanmar are being done equally, and new pigeon pea shipments are also coming from Sudan. In such a situation, profit booking should be done when its price increases. However, the arrival of Desi pigeon pea has decreased compared to earlier and the production estimate is also less. The outstanding stock of pigeon pea in the central pool is also less. The price of pigeon pea in Solapur has increased from Rs 10,700 to Rs 12,450 per quintal.
The prices of imported urad softened in dollar terms in Chennai on Thursday, but today the prices have stabilized. According to traders, the arrival of summer urad has increased in the producing markets, while the demand for urad dal in wholesale and retail is weaker than normal, so the big rise in urad prices will not be sustained. In any case, the arrival of summer urad in the producing markets will increase in the current month. Due to the strictness of the central government, dal mills are purchasing urad only according to the requirement. The import of urad from Myanmar will remain the same, along with this the production estimate in Myanmar is also high. In Chennai, the prices of urad SQ have stabilized at $ 1,170 and FAQ at $ 1,080 per ton.
For the purchase of Summer Moong from Madhya Pradesh, the state government has asked the farmers to register.
Moong prices have stabilized in Delhi. Traders are not in favor of a big increase in its prices right now. Demand for moong dal is weak, so prices may fall. Arrival of summer moong has started in the markets of Madhya Pradesh and Gujarat and if the weather remains favorable, then the daily arrival of new moong in the markets of the producing states will increase as compared to earlier. In the current season, sowing of summer moong has increased, due to which the production estimate is also high. Therefore, there is no possibility of a big increase in its price right now. Arrival of summer moong has started increasing in the markets of Madhya Pradesh. Moong prices in Delhi have stabilized at Rs 8,475 to Rs 8,625 per quintal.
For the purchase of summer urad from Madhya Pradesh, the state government has asked the farmers to register, however, new urad is being sold at a price higher than MSP in the producing markets.
The prices of Desi Masoor have become stable. According to the traders, the arrival of Masoor in the markets of Madhya Pradesh as well as Uttar Pradesh has reduced as compared to earlier, and the arrivals of imported Masoor are high. Therefore, there can be a slight improvement in its price, but there is no possibility of a one-sided big rise. Anyway, record production of Masoor is expected in the current Rabi season. The central government is also reviewing the prices of pulses every week. The old stock of Masoor in the central pool is also good. According to the experts, the demand of Masoor dal consuming states Bihar, Bengal and Assam will be less than normal in June. The price of Desi Masoor in Delhi was quoted at Rs. 6,700 to Rs. 6,725 per quintal.
Along with paddy, the price of Basmati rice also stabilized. According to experts, the demand of exporters remains weak in the current prices of rice, although mills are also incurring losses at these prices. Therefore, its prices may remain stable. In the coming days, the arrival of Sathi paddy will increase, which will put pressure on the prices. According to experts, the sowing of Sathi has decreased this time. In Narela Mandi, the price of Pusa 1,121 variety of paddy was Rs 4,350 per quintal.
Wheat prices in Delhi remained stable at Rs 2,510 per quintal on Friday due to limited purchases by flour mills. According to the Food Ministry, the government is constantly reviewing the prices of wheat, and is in a better position than last year regarding the total stock of wheat in the central pool. In such a situation, if the prices rise, then the government will consider selling wheat under the Open Market Sale Scheme, OMSS. The daily arrival of wheat was 1,000 bags, whereas on the previous trading day the arrival was 1,500 bags.
In the current Rabi marketing season 2024-25, 262.30 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP, which is more than 260.71 lakh tonnes of wheat procured in the last Rabi marketing season 2023-24.
The price of maize has increased. According to traders, the arrival of maize in the producing markets has remained the same, so there may be a slight improvement in its price, but a big increase is not expected. The price of starch maize in Sangli market was quoted at Rs 2,450 per quintal.
The prices of millet have become stable. According to the traders, the arrival of millet in the markets is decreasing a lot, so there will not be much slowdown. In Charkhi Dadri, millet was traded at the rate of Rs 2,225 per quintal.
The price of barley has increased. According to traders, the arrival of barley in the producing markets has decreased. On the other hand, stockists and malt companies are buying. Therefore, there may be a slight improvement in the price. The price of barley in Ganganagar Mandi of Rajasthan was quoted at Rs 1975 to Rs 2002 per quintal. The price of barley will increase further.
Sugar prices have improved. Traders are not very bearish on sugar, due to the summer season, demand for sugar is expected to remain. Crushing has been stopped in sugar mills of Maharashtra.
Mustard prices are expected to rise. Palm oil prices opened higher in Malaysia, and soya oil prices rose in Chicago. According to experts, daily arrivals of mustard in the producing states will further decrease, and production is expected to be lower than industry estimates. Since it is an imported edible oil, mustard prices may improve slightly further. Mustard oil prices rose by Rs 10, while the prices of oil cake also increased.
In the domestic market, the price of edible oils has increased by 5 to 10 rupees. In the futures contract of August in Malaysia, the price of palm oil increased by 21 ringgit to 3,915 ringgit per kg. Prices in Chicago also opened higher. Hence, there may be a slight increase in the price of edible oils in the domestic market.
Soybean prices have risen in the producer markets. According to traders, daily arrivals of soybean in domestic producer markets have remained the same, while plants are buying only as per their requirement. In such a situation, a slight improvement can be seen but there is no possibility of a big rise. Soybean and soy oil and meal have risen in Chicago.
In Gujarat, Castor seed prices weakened by Rs 5 to Rs 1,100-1,120 per 20 kg with daily arrival of 1,15,000 bags. In Rajkot, Castor oil commercial prices remained stable at Rs 1,140 and FSG at Rs 1,150 per 10 kg.
Cotton prices rose for the third day in the domestic market. On Wednesday, cotton prices rose by 3 points for the second consecutive day in the foreign market. However, today the prices opened weak in ICE electronic trading. On the other hand, cotton exports from the domestic market do not seem to be falling, and the local demand for yarn is also weak. Despite this, the rise or fall in its prices will depend on the price of ICE cotton futures.
There has been a slight decline in the prices of cottonseed and cottonseed cake, but selling at lower prices is weak, so the current prices may improve. Anyway, due to the decrease in daily arrivals of cotton in the producing markets, the 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 stabilized. Traders are not in favor of a big increase in their prices right now. However, stockists want to increase the prices. Export demand for guar gum products remains normal and plants have more outstanding stock. Monsoon rains are expected to be normal in the current season. Daily arrivals of guar seed have decreased in the producing markets as compared to earlier.