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Groundnut, mustard oil rise on mixed trend

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Press Trust of India New Delhi
Last Updated : Mar 25 2017 | 12:48 PM IST
In a mixed pattern of trading, groundnut and mustard oil prices moved up at the wholesale oils and oilseeds market during the week due to pick up in demand from vanaspati millers and retailers.
However, sesame and cottonseed oils finished lower.
Linseed and castor oils in the non-edible section, ended higher on increased offtake by consuming industries.
Marketmen said besides pick up in demand from vanaspati millers and retailers, fall in supplies from producing regions mainly led to rise in groundnut and mustard oil prices.
They said, however, adequate stocks against muted demand kept pressure on sesame and cottonseed oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 200 to Rs 10,100 per quintal. Groundnut solvent refined followed suit and edged up by Rs 25 to Rs 1,825-1,925 per tin.

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Mustard expeller (Dadri) oil also went up by Rs 50 at Rs 8,400 per quintal.
On the other hand, sesame mill delivery and cottonseed mill delivery (Haryana) oils declined by Rs 100 and Rs 50 to Rs 8,200 and Rs 6,650 per quintal respectively.
Meanwhile, palmolein (rbd) and palmolein (Kandla) oils moved in a narrow range in limited deals and settled at previous week's levels of Rs 5,750 and Rs 5,800 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also maintained a steady trend at Rs 6,950 and Rs 6,650 per quintal, respectively.
In the non-edible section, linseed oil rose by Rs 50 to Rs 9,800 per quintal on pick up in paint industries demand.
Grains: Prices of rice basmati and non-basmati firmed up
at the wholesale grains market during the week on the back of rising demand from retailers against restricted supplies.
However, wheat and barley eased due to reduced offtake against ample stocks position.
Marketmen said an uptick in demand from retailers against tight stocks position on fall in supplies from producing regions mainly attributed the rise in rice basmati and non-basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety rose by Rs 100 each to Rs 7,800-7,900 and Rs 6,350-7,800 per quintal, respectively.
Non-basmati rice, permal raw, wand and IR-8 followed suit and finished higher at 2,300-2,350, Rs 2,450-2,500 and Rs 2,050-2,100 from previous levels of Rs 2,275-2,300, Rs 2,400-2,450 and Rs 2,025-2,050 per quintal respectively.
On the other hand, wheat dara (for mills) declined by Rs 10 to Rs 1,840-1,850 per quintal. Atta chakki delivery followed suit and traded lower by Rs 20 to Rs 1,900-1,930 per quintal.
Atta flour mills and maida also settled lower at Rs 1,000-1,010 and Rs 1,100-1,110 as compared to previous levels of Rs 1,030-1,040 and Rs 1,130-1,140 per 50 kg, respectively.
Pulses: The wholesale pulses market depicted a firm trend
during the week as most of pulses led by gram prices spurted by up to Rs 850 per quintal on speculative buying by stockists, driven by rising demand from retailers amid tight stocks positions on fall in supplies from producing belts.
Traders said speculative buying by stockists, triggered by paucity of stocks in the markets on restricted arrivals from producing regions amid pick up in demand from retailers, mainly pushed up gram and other pulses prices.
Fresh enquiries from dal mills also supported the upmove, they said.
In the national capital, gram, gramdal local and best quality rallied to Rs 5,800-6,300, Rs 6,700-7,000 and Rs 7,100-7,200 from previous week's levels of Rs 5,300-5,450, Rs 6,100-6,400 and Rs 6,500-6,600 per quintal, respectively.
Kabuli gram small variety followed suit and surged by Rs 500 to Rs 9,800-10,100 per quintal.
Besan Shaktibhog and Rajdhani quoted higher at Rs 2,700 each instead of Rs 2,550 each per 35 kg bag.
Urad and its dal chilka (local) also climbed by Rs 600 each to Rs 7,100-8,000 and Rs 7,300-7,400 per quintal respectively. Its dal best quality and dhoya enquired higher by a similar margin to Rs 7,400-7,900 and Rs 7,800-8,000 per quintal, respectively.
Arhar and its dal dara variety shot up by Rs 350 and Rs 400 to Rs 4,900 and Rs 6,900-8,700 per quintal, respectively.
Moong and its dal chilka local jumped up by Rs 300 each to Rs 5,400-5,600 and Rs 5,900-6,100 per quintal, respectively.
Its dal dhoya local and best quality traded higher by the same margin to Rs 6,500-7,000 and Rs 7,000-7,200 per quintal, respectively.
Masoor small and bold edged up to Rs 4,900-5,050 and Rs 4,950-5,150 from previous levels of Rs 4,700-4,850 and Rs 4,750-4,950 per quintal. Its dal local and best quality moved up by Rs 200 each to Rs 5,300-5,800 and Rs 5,400-5,900 per quintal.
Malka local, best quality and moth were up Rs 200 each to Rs 5,500-5,700, Rs 5,600-5,800 and Rs 3,850-4,250 per quintal, respectively.
Dryfruits: Dryfruit prices rose at the wholesale market
in the national capital during the week largely on increased buying by stockists and retailers, supported by rising domestic and export demand.
Tight stocks following restricted arrivals from producing regions and overseas markets too influenced prices.
Sentiment remained firm mostly on increased offtake by stockists and retailers, triggered by coming 'Navratras' demand, market participants said.
Almond (California) prices rose by Rs 200 to Rs 17,200-17,400 per 40 kg, while its kernel spurted to Rs 610-615 from previous closing of Rs 605-610 per kg.
Almond gurbandi and girdhi prices were up by Rs 100 each to conclude at Rs 12,100-12,300 and Rs 5,500-5,600 per 40 kg.
Cashew kernel No 180, No 210, No 240 and No 320 rose up to Rs 15 to settle at Rs 1,070-1,080, Rs 940-950, Rs 890-900 and Rs 790-800 per kg, respectively.
Its broken pieces (2, 4 and 8) edged up by Rs 10 each at Rs 710-760, Rs 700-750 and Rs 600-660 per kg, respectively.
Copra prices traded higher at Rs 8,700-11,500 as against previous closing of Rs 8,400-10,900 per quintal.
Coconut powder increased by Rs 200 to conclude at Rs 3,900-4,300 per 25 kgs.
Kishmish Indian yellow and green prices rose by Rs 600 each to finish at Rs 4,500-5,000 and Rs 5,000-8,500 per 40 kg bag, respectively.
Pistachio hairati and peshwari prices rose by Rs 10 each to conclude at Rs 1,450-1,500 and Rs 1,550-1,600 per kg, respectively.
Sugar: Subdued tendency exhibited at the wholesale sugar
market in the national capital during the week under review following constant supplies from mills amid selective buying by stockists and bulk consumers registered a decline up to Rs 100 per quintal.
Marketmen said besides muted demand from stockist and bulk consumers including ice-cream and soft-drink makers, persistent arrivals from mills mainly brought down the sweetener prices.
Sugar ready M-30 and S-30 prices dipped by Rs 100 each to finish the week at Rs 3,850-3,910 and Rs 3,840-3,900 per quintal.
Mill delivery M-30 and S-30 prices also lost Rs 55 each during the week to settle at Rs 3,580-3,660 and Rs 3,570-3,650 as compared with previous week's close of Rs 3,620-3,715 and Rs 3,600-3,705 per quintal.
Among millgate section, sugar Sakoti weakened the most by Rs 70 to end at Rs 3,580, while Budhana dropped by Rs 65 to Rs 3,600 per quintal.
Sugar Dorala, Asmoli and Modinagar slid by Rs 60 each to finish at Rs 3,600, Rs 3,640 and Rs 3,600, followed by Mawana, Kinnoni, Thanabhavan, Simbholi, Ramala, Anupshaher and Morna by Rs 55 each to Rs 3,600, Rs 3,660, Rs 3,600, Rs 3,640, Rs 3,585, Rs 3,575 and Rs 3,585 per quintal, respectively.
Prices of Khatuli, Baghpat and Chandpur surrendered Rs 50 each to Rs 3,650, Rs 3,590 and Rs 3,580, while Nazibabad fell by Rs 40 to Rs 3,590 per quintal.
Jaggery: The wholesale gur (Jaggery) market revealed a
buoyant tendency during the week under review largely bolstered by the paucity of stocks amid brisk buying by stockist and retailers, recorded handsome gains up to Rs 300 per quintal.
Muzaffarnagar and Muradnagar gur markets also uncovered a firm trend on the scarcity of stocks and speculative buying, disclosed the heavy rise of Rs 350 per quintal.
Marketmen said fall in production in manufacturing belts on thin supplies of sugar-cane growing regions because of lower production estimate this year mainly zoomed up the gur prices.
Besides, speculative buying by stockists and retailers, sparked by higher advice from neighbouring states too fuelled up the prices, they quoted.
In Delhi, gur Pedi prices spurted by Rs 300 during the week to settle at Rs 3,300-3,400, while Dhayya and Shakkar prices surged up by Rs 200 each to end the week at Rs 3,400-3,500 and Rs 3,600-3,700 per quintal.
Gur Chakku prices also hardened by Rs 100 to close the week at Rs 3,200-3,300 per quintal.
At Muradnagar, gur pedi prices climbed up from last week's close of Rs 2,650-2,700 to end at Rs 2,975-3,050, showing a sharp upsurge of Rs 350 per quintal.
Gur dhayya also soared by Rs 300 to conclude the week at Rs 3,050-3,100 per quintal.
A similar trend prevailed in Muzzafarnagar gur market, prices of gur Khurpa and Laddoo shot up from previous week's close of Rs 2,500-2,550 and Rs 2,700-2,800 to end the week at Rs 2,800-2,850 and Rs 3,000-3,050, revealed a bounce of Rs 300 per quintal each.
Gur chakku prices also flared up by Rs 150 to settle the week at Rs 2,850-3,050 per quintal.
Kirana: In a mixed pattern of trading, pepper and jeera
prices rose in the national capital during the week on increased buying by stockists and retailers, driven by domestic and export demand while a few others remained weak owing to slackened demand against adequate stocks.
Traders said increased buying by stockists and retailers against tight arrivals from producing regions mainly pushed up pepper and jeera prices.
Adequate stocks position against lack of buying support helped other spices remained weak, they said.
Black pepper prices rose by Rs 10 to conclude at Rs 660-810 per kg on brisk buying by exporters.
Coriander prices increased by Rs 500 to settle at Rs 6,500-13,500 per quintal.
Dry ginger and kalaunji rose up to Rs 500 to finish at Rs 11,500-16,500 and Rs 13,000-13,500 per quintal, respectively.
Turmeric prices higher by Rs 200 to close at Rs 7,500-10,800 per quintal.
Jeera common and jeera best also traded higher by Rs 800 each to end at Rs 18,600-18,800 and Rs 20,300-20,800 per quintal in view of restricted arrivals from producing belts on reports of lower production estimates amid pick-up in domestic and export demand.
On the other hand, cardamom prices such as chitridar, robin, bold and extra bold drifted up to Rs 20 to settle at Rs 1,330-1,430, Rs 1,250-1,260, Rs 1,280-1,300 and Rs 1,370-1,380 per kg, respectively.
Poppyseed (Turkey, U.P and MP-RAJ) also declined by Rs 10 each to end at Rs 370-380, Rs 360-370 and Rs 380-405 per kg, respectively.

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First Published: Mar 25 2017 | 12:48 PM IST

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