Groundnut, mustard oils strengthen in mixed trading

In a mixed trend at the wholesale market during the week under, oil and oilseeds market, prices of groundnut and mustard oils strengthened on increased demand from retailers, while a few others receded due to adequate stocks position.
In the non-edible section, linseed oil finished higher on scattered demand from paint industries.
Marketmen said pick up in demand from retailers against tight stocks position on restricted supplies from producing belts led to rise in groundnut and mustard oil prices.
They said, however, ample stocks position against muted demand kept pressure on other edible oil prices, they said.
In the national capital, groundnut mill delivery (Gujarat) oil remained in demand and advanced by Rs 600 to Rs 13,000 per quintal. Groundnut solvent refined traded higher at Rs 1,950-2,000 from previous level of Rs 1,910-1,960 per tin.

Mustard expeller (Dadri) oil also moved up by Rs 100 to Rs 8,500 per quintal. Mustard pakki and kachi ghani oils edged up to Rs 1,350-1,400 and Rs 1,400-1,500 from previous week's close of Rs 1,320-1,370 and Rs 1,370-1,470 per tin respectively.

On the other hand, palmolein (RBD) and palmolein (Kandla) oils declined by Rs 50 each to Rs 5,800 and Rs 5,850 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded lower by a similar margin to Rs 6,750 and Rs 6,450 per quintal, respectively.
However, sesame mill delivery and cottonseed mill delivery (Haryana) oils moved in a narrow range in limited deals and pegged at previous levels of Rs 7,600 and Rs 6,450 per quintal respectively.

Grains: Wheat and a few other bold grains drifted at the
wholesale grains market during the week due to reduced offtake against ample stocks position.
However, rice basmati firmed up on stockists buying on the back of uptick in demand amid restricted supplies from producing belts.
Traders said reduced offtake by flour mills against adequate stocks position on improved supplies from growing regions mainly kept pressure on wheat prices.
Subdued demand from consuming industries helped other bold grain prices to closed lower, they said.
In the national capital, wheat dara (for mills) slipped to Rs 1,775-1,780 against last close of Rs 1,810-1,815 per quintal. Atta chakki delivery followed suit and traded lower at Rs 1,785-1,790 as compared to previous close of Rs 1,815-1,820 per 90 kg.

On the other hand, bold grains like bajra and maize dropped to Rs 1,630-1,640 and Rs 1,590-1,600 against last close of Rs 1,660-1,670 and Rs 1,650-1,660 per quintal respectively.
Barley which remained steady for the major part of week, met with resistance at the fag-end and finished lower at Rs 1,650-1,655 against previous close of Rs 1,680-1,685 per quintal.
Pulses: There was no change in the pattern of trading at
the wholesale market during the week with prices of gram, kabuli gram and masoor spurting on speculative buying against paucity of stocks even as the government took steps to curb rising prices.

However, urad and moong finished lower owing to fall in demand at prevailing levels against ample stocks position on increased supplies.
Traders said speculative buying activity, driven by scarcity of stocks in the market on restricted supplies from producing belts mainly pushed up gram, kabuli gram and masoor prices.
They said however, easing demand at current levels and some improvement in supplies in the market after the government's announced measures, including higher imports, to check rising prices, kept pressure on urad and moong prices.
Meanwhile, scrambling to control prices of pulses that have touched Rs 200/kg, the government on Tuesday approved doubling of import of tur and other dals from Mozambique to 2 lakh tonnes per annum in next five years.

In the national capital, gram, gramdal local and best quality climbed to Rs 8,100-8,400, Rs 8,200-8,500 and Rs 8,600-8,700 as compared to previous weeks's close of Rs 7,600-8,100, Rs 7,900-8,200 and Rs 8,300-8,400 per quintal respectively.
Kabli gram small variety followed suit and shot up to Rs 8,800-10,000 against last close of Rs 8,200-9,500 per quintal.
Besin shakti bhog and Rajdhani quoted higher at Rs 3,600 each instead of Rs 3,350 each per 35 kg bag in line with gram trend.
Masoor small and bold too moved up to Rs 6,350-6,650 and Rs 6,400-6,700 as compared to previous levels of Rs 6,050-6,350 and Rs 6,100-6,400 per quintal respectively.

Its dal local and best quality traded higher by Rs 300 each to Rs 6,900-7,400 and Rs 7,000-7,500 per quintal.
Malka local and best quality followed suit and went up by Rs 200 each to Rs 7,300-7,600 and Rs 7,400-7,700 per quintal respectively.
On the other hand, urad and its dal chilka local dropped to Rs 10,400-11,900 and Rs 10,700-10,800 against last close of Rs 10,800-12,300 and Rs 11,100-11,200 per quintal.
Its dal best quality and dhoya followed suit and eased to Rs 10,800-11,300 and Rs 11,200-11,500 from previous levels of Rs 11,200-11,700 and Rs 11,600-11,900 per quintal.
Moong and its dal chilka local moved down to Rs 5,800-6,400 and Rs 6,350-6,750 as compared to previous week's close of Rs 6,100-6,700 and Rs 6,650-7,050 per quintal respectively.

Its dal dhoya local and best quality quoted lower at Rs 6,750-7,250 and Rs 7,250-7,450 instead of Rs 7,050-7,550 and Rs 7,550-7,750 per quintal respectively.
Sugar: Sugar saw continuous rise in its prices at the
wholesale market in the national capital during the week under review powered by strong summer demand from bulk consumers and retailers amid tight supplies from mills, registering an addition of up to Rs 60 per quintal.
In addition, reports by fall in output due to lower acreage this year and a firming trend in global markets also influenced sweetener prices, traders said.
Sugar mill delivery M-30 and S-30 extended gains by Rs 60 each to end at Rs 3,540-3,580 and Rs 3,530-3,570 per quintal.

Sugar ready M-30 and S-30 too adedd another rise of Rs 30 each at Rs 3,840-3,900 and Rs 3,830-3,890 per quintal.
In the millgate section, sugar Simbholi spurted the most by Rs 50 to Rs 3,620, followed by sugar Kinnoni, Asmoli and Khatuli improved by Rs 40 each to Rs 3,620, Rs 3,590 and Rs 3,610 per quintal respectively.
In line with overall trends, sugar Mawana rose by Rs 30 to Rs 3,600, while Budhana and Thanabhavan quoted higher by Rs 25 each at Rs 3,585 and Rs 3,575 per quintal.
Sugar Dorala and Dhanora advanced by Rs 20 each at Rs 3,590 and Rs 3,570, while Chandpur, Baghpat, Dhampur, Morna and Sakoti moved up by Rs 10 each to Rs 3,550, Rs 3,570, Rs 3,550, Rs 3,570 and Rs 3,550 per quintal respectively.