Gram up, Arhar and Masoor down, prices of other pulses stable
Wheat prices stable, guar gum and seed slow
New Delhi. Due to purchase of pulses by mills at lower prices, the price of gram in Delhi increased by 25 to 50 rupees. According to traders, due to the news of the central government imposing stock limit, gram had weakened by 250 to 300 rupees per quintal from its high price, hence the selling at lower prices has reduced. However, trade is getting limited at these prices. On the other hand, the arrival of gram in the markets of Rajasthan and Madhya Pradesh is decreasing compared to earlier and the production estimate is low. On the other hand, gram imported from Australia is expensive. The price of Rajasthan gram on Lawrence Road increased by 50 rupees to Rs 7,100 to Rs 7,125 per quintal, during this time the price of gram from Madhya Pradesh increased by 25 rupees and was quoted at Rs 7,050 to Rs 7,075 per quintal.
In Solapur, the price of pigeon pea weakened by Rs 100. According to traders, profit booking has brought down the prices of pigeon pea. Pulses mills are avoiding purchases at increased prices because the demand for pigeon pea could not increase at 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 the price increased from Rs 10,900 to Rs 12,800 per quintal.
The prices of Desi Urad have become stable. According to the traders, due to the cost of import, the importers want to increase the prices but on one hand the arrival of summer Urad has increased in the producing markets, secondly the demand for Urad dal in wholesale and retail is weaker than normal, therefore the big rise in the prices of Urad is not 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. The price of best Urad in Dahod market was Rs. 8,500 to Rs. 8,800 per quintal.
There has been a slowdown in the prices of Moong in Delhi in the current week, however, the prices opened stable in the morning session today. 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, and the arrival of new Moong has also started in the markets of Uttar Pradesh. In the current season, the 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. The demand for Moong dal will be low in June. The price of Moong in Delhi remained at Rs. 8000 to Rs. 8175 per quintal.
The prices of Desi Masoor fell by 25 rupees. 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 prices of Desi Masoor in Delhi were quoted at Rs. 6,625 to Rs. 6,650 per quintal.
Along with paddy, there has been a slight improvement in the prices of Basmati rice. According to experts, the demand of exporters for rice remains limited while the sales of mills are weak. Therefore, there can be a slight improvement in its price. However, the arrival of Sathi paddy will increase in the coming days, which will put pressure on the prices. 1,401 steam rice was traded from Haryana line for Delhi at the rate of Rs 8125 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, 264.12 lakh tonnes of wheat has been procured from major producing states at Minimum Support Price, MSP.
Maize prices 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. Starch maize prices in Sangli were quoted at Rs 2,500 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 have increased. 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 Dadri Mandi of Haryana have increased from Rs 2000 to Rs 2120 per quintal. Due to the heat, the demand for barley will remain, due to which there are chances of an increase in prices.
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 improve. Palm oil prices opened higher in Malaysia, and soy oil prices are also higher in Chicago. Daily arrivals of mustard in the producing states will further decrease, and production is expected to be lower than the industry estimates. Mustard prices will decline only when there is a decline in imported edible oils. Mustard oil prices rose by Rs 20, while demand for oil cake also remains.
The prices of edible oils have increased by 5 to 20% in the domestic market. In the futures contract of August in Malaysia, the price of palm oil increased by 38 ringgit to 4,031 ringgit per ton. Also, the price of soya oil has opened higher in Chicago. Hence, there can be a slight improvement in the prices of edible oils in the domestic market.
Soybean prices have opened soft in the producing markets. According to traders, daily arrival of soybean in domestic producing markets has remained the same, while plants are buying only as per the requirement. In such a situation, a slight improvement can be made but there is no possibility of a big rise. Soybean, soy oil and meal prices have increased for the second day in Chicago.
In Gujarat, the price of castor seed fell by Rs 10 to Rs 1,120 from Rs 1,095 per 20 kg and the arrival was of 95,000 bags. In Rajkot, the price of commercial castor oil fell by Rs 2 to Rs 1,148 and the price of FSG fell by Rs 2 to Rs 1,158 per 10 kg.
There has been a slowdown in the prices of cotton in the domestic market. On the other hand, cotton prices weakened in the foreign market on Friday, and today too ICE cotton futures have softened. Hence, there seems to be no impact on the export of cotton from the domestic market, 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 weakened, 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.
There has been a slowdown in the prices of guar seed and guar gum. According to traders, the export demand for guar gum products remains normal and the plants have a lot of outstanding stock. Monsoon rains are expected to be normal in the current season. The daily arrivals of guar seed in the producing markets have decreased as compared to earlier. In such a situation, there is no possibility of a big increase in their prices right now.