In a brief three-day trading, edible oils prices strengthened for the third week in a row in the oils and oilseeds market on sustained buying by vanaspati millers and retailers for the coming marriage season, against restricted arrivals.
The trading activity was restricted as markets remained closed on Tuesday, Thursday and Saturday on account of Ramnavmi, Ambedkar Jayanti and Mahavir Jayanti, respectively.
However, mustard oil ended lower on lack of buying support against new arrivals from producing regions.
The non-edible oils closed on a steady note as prices moved in a tight range on alternate small bouts of trading and fall in demand from industrial units. Traders said sustained buying by vanaspati millers and retailers to meet the coming marriage season demand mainly pushed up edible oil prices.
Tight stocks position on fall in supply of imported oils in the domestic markets further fueled uptrend in select edible oils, they added.
Meanwhile, edible oil import fell for the fifth straight month in March and shed 33 per cent to 4,12,088 tonnes against 6,12,293 tonnes in the same period previous year, the edible oil industry body SEA said.
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In the national capital, groundnut mill delivery oil (Gujarat) rose by Rs 150 to Rs 8,000 per quintal and groundnut solvent refined oil gained Rs 50 to Rs 1,350-1,360 per tin. Soyabean refined mill delivery (Indore) gained Rs 350 and soyabean degum (Kandla) shot up by Rs 60 to Rs 6,150 and Rs 5,800, respectively.
Crude palm oil (ex-kandla) rose by Rs 90 to Rs 5,200 per quintal. Palmolein oil (rbd) advanced by Rs 50 and palmolein oil (Kandla) edged up by Rs 40 to Rs 5,750 and Rs 5,450 per quintal, respectively.
On the other hand, mustard expeller oil (Dadri) declined by Rs 100 to Rs 5,450 per quintal on adequate stocks position following fresh arrivals. Sesame mill delivery and cottonseed mill delivery (Haryana) remained steady at Rs 6,230 and Rs 5,550 per quintal, respectively, in limited deals.
Grains: In range bound trading, select grains prices moved up on the wholesale market during the past week on fresh buying by stockists and retailers amid limited arrivals.
Traders said wheat dara prices rose on fresh buying by flour mills for the coming marriage season, while bajra and maize rose on increased industrial demand against restricted arrivals.
They added that business volumes fell as the market remained closed for three days for Ramnavmi, Ambedkar Jayanti and Mahavir Jayanti.
Wheat dara (for mills) which remained stable during the major part of the week, found some buying support from flour mills and gained Rs 10 to Rs 1,210-1,215 per quintal.
Atta chakki delivery followed suit and rose by Rs 40 to Rs 1,230-1,235 per 90 kg.
Maize and bajra advanced by Rs 10 each to Rs 960-970 and Rs 1,350-1,360 per quintal, respectively, on rising demand from cattle-feed makers.
However, in the rice section, rice basmati common and Pusa-1121 varieties moved in a tight range and settled around previous levels of Rs 5,600-5,700 and Rs 4,500-5,500 per quintal, respectively.
Pulses: In extremely thin trading, kabli gram and urad prices moved up in the wholesale pulses market during the past week on selective buying by stockists and retailers against less arrivals. However, gram and its dal remained weak on lack of buying support against adequate stocks position.
Market analysts said selective buying from retailers against restricted arrivals mainly pushed up wholesale kabli gram and urad wholesale prices.
In the national capital, kabli gram small variety attracted brisk buying support from retailers and jumped up by Rs 500 to Rs 4,500-6,000 per quintal. Urad and its dal chilka local, which were also seen in demand, gained Rs 50 each to Rs 4,050-4,450 and Rs 4,950-5,350 per quintal, respectively.
Urad dal best quality and dhoya followed suit and traded higher by the same margin to Rs 5,450-5,950 and Rs 5,500-5,600 per quintal, respectively.
On the other hand, gram and its dal remained weak and shed further ground. Gram, gram dal local and best quality were down by Rs 50 each to Rs 2,225-2,250, Rs 2,500-2,515 and Rs 2,600-2,700 per quintal, respectively.