Chana, tur and masoor prices rise, other pulses prices stable
Wheat prices remain stable, Guar gum and seed prices remain stable
New Delhi. Voting is being held today in Delhi and Haryana for the Lok Sabha elections, therefore the markets in these states are closed and no trading is taking place.
The price of gram rose in Delhi on Friday. Traders of gram are not in a recession yet because the arrival of gram in the markets of Rajasthan and Madhya Pradesh has reduced as compared to earlier and the production estimates are low, therefore the future is bullish. Gram imported from Australia is expensive. The price of gram from Rajasthan at Lawrence Road rose by Rs 50 to Rs 7,275 to Rs 7,300 per quintal, during this period the price of gram from Madhya Pradesh rose by Rs 25 to Rs 7,225 to Rs 7,250 per quintal.
In Solapur, the price of pigeon pea increased by Rs 150. On the other hand, the price of lemon remained stable in Chennai in dollar terms. According to traders, stockists are increasing 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. In Solapur, the price of pigeon pea increased from Rs 10,700 to Rs 12,600 per quintal.
The prices of imported urad rose in dollar terms in Chennai on Friday. However, today its prices have opened stable. 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 able to sustain. Anyway, 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 price of urad SQ became stable at $ 1,185 and FAQ at $ 1,095 per ton.
Moong prices softened in Delhi on Friday, while today its prices have stabilized. Traders are not in favor of a big rise in lentils 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, the daily arrival of new moong in the markets of the producing states will increase 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 rise 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 8,450 to Rs 8,600 per quintal.
Desi lentil prices were quoted 25 rupees higher, however, due to the market being closed, there was no trading at these prices. According to traders, the arrival of lentils in the lentil markets in Madhya Pradesh as well as Uttar Pradesh has decreased compared to earlier, and the imports of imported lentils 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 lentils is expected in the current Rabi season. 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 consuming states of Bihar, Bengal and Assam will be less than normal in June. Desi lentil prices in Delhi were quoted at Rs 6,700 to Rs 6,725 per quintal.
Along with paddy, the price of Basmati rice has remained stable. According to experts, the demand of exporters remains weak in the current prices of rice, although the mills are also incurring losses at these prices. Therefore, its prices are stable. However, 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. 1,718 Sela rice was traded from Haryana line at the rate of Rs 7,150 per quintal.
Wheat prices in Delhi remained stable at Rs 2,575 to Rs 2,600 per quintal on Saturday as purchases by flour mills remained limited. According to the Food Ministry, if the prices of wheat rise, then the government will consider selling wheat under the Open Market Sale Scheme, OMSS.
In the current Rabi marketing season 2024-25, 262.62 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP.
The prices of maize have stabilized. 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. The millet reached Rajpura and was traded at the rate of Rs 2,375 per quintal.
The prices of barley have risen. According to traders, the arrivals of barley in the producing markets have decreased. On the other hand, stockists and malt companies are buying. Therefore, there may be a slight improvement in the prices. The prices of barley in the markets of Rajasthan were quoted at Rs 1950 to Rs 2025 per quintal. The prices of barley will rise 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 had weakened on Friday, while today the prices are stable. Palm oil prices in Malaysia have weakened over the weekend, but soya oil has risen in Chicago. According to experts, daily arrivals of mustard in the producing states will decrease further, and production is expected to be lower than industry estimates. Mustard prices will come down only if there is a softening in imported edible oils. Mustard oil prices have increased by Rs. 20, while the prices of cake have also increased.
There is a mixed trend in the prices of edible oils in the domestic market. Mustard oil is on the rise, but other oils have fallen by 5 to 10 rupees. Malaysian palm oil prices weakened over the weekend, but prices in Chicago were still high. Hence, there may be a slight rise or fall in the prices of edible oils in the domestic market.
Soybean prices have stabilized in the producing markets. According to traders, the daily arrival of soybean in the domestic producing markets has remained the same, while the plants are buying only as per their requirement. In such a situation, a slight improvement can be made but there is no possibility of a big rise.
Castor seed prices in Gujarat remained stable at Rs 1,100 to Rs 1,120 per 20 kg and its daily arrival was 1,10,000 bags.
Cotton prices have softened in the domestic market. On the other hand, cotton prices in the foreign market showed a mixed trend on Friday. Cotton exports from the domestic market do not seem to be declining, 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.
The prices of cottonseed and cottonseed cake have become stable. According to traders, the sales of mills are weak, while due to the decrease in the 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.