Edible oils staged a good comeback to close higher in the oils and oilseeds market during the past week on fresh buying by vanaspati mills and retailers, driven by the ongoing marriage season, amid firming global trend.
A few non-edible oils also showed strength on increased demand from the consuming industries. The market remained closed on Wednesday on account of 'Maha Shivratri'.
Trading sentiments turned better after palm oil strengthened in the global markets as the rising crude oil prices raised the appeal of vegetable oils used in biofuels.
Meanwhile, palm oil futures rose 4.1 per cent at $1,209 a tonne, this week, on the Malaysia Derivatives Exchange, the highest close in more than a week.
Traders said fresh buying by millers and retailers to meet the increased demand, triggered by marriage season, and a firming trend in the overseas market, mainly led to recovery in the wholesale edible oil prices in the national capital.
Increased offtake by industrial units and other consuming industries helped some non-edible oil prices to trade higher, they said. Mustard expeller oil (Dadri) rose by Rs 20 to Rs 6,020 per quintal.
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Mustard pakki and kachi ghani oils also traded higher by Rs 5 each to Rs 775-930 and Rs 930-1,030 per tin, respectively. Cottonseed mill delivery (Haryana) oil also found some buying support and advanced by Rs 20 to Rs 5,770 per quintal.
Tracking firm trend overseas, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 40 and Rs 20 to Rs 6,300 and Rs 5,920, respectively, while crude palm oil (ex-kandla) gained Rs 60 to Rs 5,420 per quintal.
Palmolein (rbd) and palmolein (Kandla) oils went up by Rs 50 each to Rs 5,970 and Rs 5,770 per quintal, respectively. In the non-edible section, linseed oil rose by Rs 50 to Rs 4,650 per quintal on fresh enquiries from the paint industry.
Neem oil also moved up by Rs 50 to Rs 4,100-4,20 per quintal on increased offtake by soap units.
Grains: Prices of wheat and rice basmati fell in the wholesale grains market during the past week on reduced offtake by stockists against adequate stocks. However, other grains including bajra and maize attracted fresh buying support and recorded moderate gains.
Traders said adequate stocks position following increased arrivals from producing belts against lack of buying support, mainly led to the fall in wheat and rice basmati prices.
Fresh buying by stockists and other consuming industries amid slow down in arrivals helped other bold grains prices to move up, they said.
In the national capital, wheat dara (for mills) which is mostly consumed by flour mills declined by Rs 20 to Rs 1,320-1,325 per quintal. Atta chakki delivery followed suit and traded lower by the same margin to close the week at Rs 1,325-1,330 per 90 kg, while atta flour mills lost Rs 20 to Rs 680-700 per 50 kg.
In the rice section, rice basmati common which held steady during the major part of week, turned weak on increased arrivals and declined by Rs 100 to Rs 5,500-5,600, while rice Pusa-1121 variety shed Rs 50 to Rs 4,200-5,200 per quintal.
On the other hand, jowar yellow rose by Rs 25 and jowar white gained Rs 50 to end at Rs 900-1,000 and Rs 1,750-1,800, respectively. Bajra gained Rs 10 to Rs 845-855 per quintal.
Similarly, maize moved up by Rs 20, while barley rose by Rs 40 to close at Rs 1,195-1,205 and Rs 1,300-1,320 per quintal, respectively.
Pulses: The wholesale pulses market showed a mixed trend during the past week as select commodities continued to decline on adequate stocks against sluggish demand, while a few others found buying support from retailers, driven by the ongoing marriage season.
Traders said adequate stocks following increased arrivals from producing belts against subdued demand mainly led to a decline in select wholesale pulses prices in the national capital. Expectations of higher production this year, also put some pressure on the select pulses prices, they added.
Kabli gram small, malka local and best quality traded lower by Rs 100 each to Rs 4,100-4,200, Rs 3,700-3,750 and Rs 3,850-3,950 per quintal, respectively.
Moth also moved down by Rs 100 to Rs 2,700-3,000 per quintal. Likewise, gram shed Rs 50 to Rs 2,525-2,550, while its dal local and best quality lost Rs 100 each to Rs 2,800-2,815 and Rs 2,900-3,000 per quintal, respectively.
On the other hand, moong and its dal chilka local gained Rs 50 and Rs 100, respectively, to Rs 4,300-4,700 and Rs 5,400-5,800, respectively. Moong dal dhoya local and best quality edged up by Rs 100 each to Rs 5,700-5,900 and Rs 6,300-6,500 per quintal, respectively.
Masoor small and bold also traded higher by Rs 50 each to Rs 3,250-3,450 and Rs 3,400-3,650 per quintal, respectively.
Its dal local and best quality were enquired higher by Rs 100 each to Rs 3,900-4,000 and Rs 4,150-4,450 per quintal, respectively.
Sugar: Sugar prices revealed a firm tendency in the national capital during the week under review on fresh buying by retailers and bulk consumers, against restricted supply from mills and registered a net gains up to Rs 60 per quintal.
Heavy buying by stockist, retailers and bulk consumers such as soft drink and icecream making industries for the ongoing marriage season and beginning of summer season mainly brought the rise in sugar prices.
Higher trends in global markets also boosted the trading sentiments, following adversed weather destroying crops in some countries, including Australia.
Released of free-sale sugar quota for the current month failed to meet the heavy seasonal demand and remained a supporting factor for the sweetener.
In domestic market, sugar medium and second grade hardened to Rs 2,970-3,100 and Rs 2,950-3,080 as compared to last week's level of Rs 2,940-3,065 and Rs 2,915-3,040 per quintal.
Mill delivery medium and second grade prices also rose from Rs 2,700-2,850 and Rs 2,685-2,825 to Rs 2,740-2,900 and Rs 2,725-2,865 per quintal, respectively.
Among millgate section, sugar Asmoli gained by Rs 40 at Rs 2,870 per quintal, while Mawana and Budhana moved up by Rs 30 each to Rs 2,840 and Rs 2,780 per quintal, respectively.
Jaggery: The wholesale gur (jaggery) prices witnessed a rise of Rs 100 per quintal in the national capital during the past week under review, following fall in supply of raw materials and pick up in demand from retailers and stockists.
Muzaffarnagar and Muradnagar gur market also showed a rising tendency on heavy buying and restricted supply. Market analysts said less supply of sugarcane to gur units mainly influenced the market sentiments, following high payments by sugar mills.
Meanwhile, the mills are paying the State Advised Price (SAP) of Rs 205-210 per quintal to farmers, which is higher than gur producing units.
In Delhi, gur pedi and dhayya prices climbed up from the last week's close of Rs 2,200-2,250 and Rs 2,250-2,300 to Rs 2,300-2,350 and Rs 2,350-2,400 per quintal, respectively.
Gur chakku and Shakkar price also went up to close at Rs 2,250-2,300 and Rs 2,450-2,500, compared to last close of Rs 2,200-2,250 and Rs 2,400-2,450 per quintal, respectively.
At Muzaffarnagar, gur chakku and khurpa prices marked ahead by Rs 50 each to Rs 2,050-2,250 and Rs 2,000-2,050 instead of Rs 2,000-2,200 and Rs 1,950-2,000 per quintal, respectively.
Gur raskat too remained in keen demand due to heavy buying by alcohol making industries and rose by Rs 50 to Rs 1,800-1,900 from Rs 1,750-1,850 per quintal, respectively.
In Muradnagar, gur dhayya traded higher by Rs 100 to Rs 2,100-2,150 from Rs 2,000-2,050 per quintal, while pedi added Rs 50 at Rs 2,050-2,100 from last week's close of Rs 2,000-2,050 per quintal.