Chana weak, prices of other pulses stable
Wheat prices stable, guar gum and seed prices soft
New Delhi. In Delhi, the price of gram weakened by 25 rupees for the second day. According to the traders, due to the news of the Central Government imposing stock limit, gram has weakened by 200 to 250 rupees per quintal from its highest price. However, the stockists are not in much recession because the arrival of gram in the markets of Rajasthan and Madhya Pradesh is decreasing as compared to before and the production estimate is low. On the other hand, gram imported from Australia is expensive. At Lawrence Road, the price of gram of Rajasthan weakened by 25 rupees to Rs 7,150 to 7,175 per quintal, during this time the price of gram of Madhya Pradesh fell by 25 rupees to Rs 7,125 to 7,150 per quintal.
In Solapur, the price of pigeon pea has stabilized. According to traders, profit booking may lead to a decline in the price of pigeon pea, because the dal mills are avoiding buying at these prices because the demand for pigeon pea is not increasing at the increased prices. Anyway, 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 rises. 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 by Rs 100 and went from Rs 10,900 to Rs 12,900 per quintal.
The price of imported urad has become stable in Chennai in dollar terms, although its price had increased on Wednesday, due to which the importers are increasing the price as the import is getting expensive. However, the arrival of summer urad has increased in the producing markets, while the demand in wholesale and retail for urad dal is weaker than normal, so the big rise in the price of urad will not be able to sustain. 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, the 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 FAQ was quoted at $ 1,115 and that of SQ at $ 1,210.
The prices of Moong were weak in Delhi on Wednesday, whereas today it has opened stable. According to the traders, the demand for Moong dal is weak while the arrival of Summer Moong in the markets of Madhya Pradesh and Gujarat has increased as compared to earlier. In the current season, the sowing of Summer Moong has increased, due to which the production estimate is also higher. Therefore, there is no possibility of a big increase in its price right now. The demand for Moong dal will be low in June. The price of Moong in Delhi remained at Rs 8,125 to Rs 8300 per quintal.
The prices of Desi Masoor have become stable. According to the traders, the arrival of lentils in the lentil markets of Madhya Pradesh as well as Uttar Pradesh has reduced as compared to earlier, and the prices of imported lentils are high. Therefore, there is no possibility of much decline in its prices. According to experts, record production of lentils is expected in the current Rabi season and the Central Government is also reviewing the prices of pulses every week. The old stock of lentils in the central pool is also good. The demand for lentil from the consuming states of 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 prices of Basmati rice have remained stable. According to experts, at the current prices of rice, the demand from exporters has remained weaker than normal, although at these prices the mills are also incurring losses. Therefore, its prices are stable. However, in the coming days, the arrival of Sathi paddy will increase, which will put pressure on the prices. 1,509 steams of rice were traded from Haryana line at the rate of Rs 7550 to Rs 7600 per quintal. 1,401 steams from Tohana line were traded at Rs 7,700 to Rs 7,750 per quintal.
Wheat prices in Delhi remained stable at Rs 2,600 per quintal on Wednesday due to limited purchases by flour mills. The arrival of wheat in the producing markets has decreased compared to earlier, and the purchases by stockists and mills also remain limited. The arrival of wheat was 5,000 bags.
In the current Rabi marketing season 2024-25, 263.98 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP.
The price of maize has 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 maize in Chhindwara was quoted at Rs 2,130 to Rs 2,250 per quintal.
The prices of millet have stabilized. According to traders, the arrival of millet in the markets is decreasing significantly, so there will not be much slowdown. Millet was traded at the rate of Rs 2,260 per quintal in Charkhi Dadri Mandi.
The prices of barley remain stable. 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 prices. The prices of barley in Rajasthani markets are running from 2000 to 2050 rupees per quintal. Due to heat, the demand for barley will increase further, due to which prices are expected to rise further.
Sugar prices will improve further. Traders are not very bearish on sugar, due to summer season, demand for sugar is expected to remain. Crushing has been stopped in sugar mills of Maharashtra.
Mustard prices are expected to weaken. Palm oil prices weakened in Malaysia,
However, the price of soya oil has risen in Chicago. Daily arrivals of mustard in the producing states will further decrease, and production is expected to be less than the industry’s estimate. The price of mustard will come down only if there is a decline in the prices of imported edible oils. Along with mustard oil, the price of oil cake has also become stable.
Palm oil and sunflower oil are rising in the domestic market, while the prices of other oils are stable. On the other hand, the price of palm oil in the August futures contract in Malaysia has weakened by 28 ringgit to 4,006 ringgit per ton. However, the price of soya oil has opened higher in Chicago. Hence, there may be a slight improvement in the prices of edible oils in the domestic market.
Soybean prices have stabilized in the producing markets. According to traders, daily arrivals of soybean in domestic producing 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, soy oil and meal prices have increased in Chicago.
Castor seed prices in Gujarat remained stable at Rs 1,115 to Rs 1,130 per 20 kg and arrival was of 92,000 bags.
Cotton prices have softened in the domestic market. On the other hand, cotton prices weakened in the foreign market on Wednesday, and today too ICE cotton futures have softened. Hence, cotton exports from the domestic market do not seem to be affected, 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 softened, but traders are not in favour of a big fall. According to traders, the sales of mills are weak, while the sales of oil mills are also weak due to the decrease in daily arrivals of cotton in the producing markets. Therefore, there is no possibility of much decline in prices.
Prices of guar seed and guar gum weakened. According to traders, export demand for guar gum products remains normal and plants have high 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. In such a situation, there is no possibility of a big increase in their prices right now.