Select edible oils decline on muted demand, ample stocks

Select edible oil prices slipped at the oils and oilseeds market during the week owing to slackened demand from vanaspati millers as well as retailers against adequate stocks position on increased supplies from producing regions.
Castor oil, in the non-edible section, also eased due to reduced offtake by consuming industries.
Traders said apart from an easing demand from retailers and vanaspati millers, comfortable stocks position on increased supplies from producing regions mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell sharply by Rs 700 to Rs 12,300 per quintal. Groundnut solvent refined shed Rs 50 at Rs 1900-1950 per tin.

Mustard expeller oil moved down by Rs 100 to Rs 8,800 per quintal. Mustard pakki and kachi ghani oils too traded lower by 50 each to Rs 1,350-1,395 and Rs 1,400-1,500 per tin, respectively.
Palmolein (RBD) and Palmolein (Kandla) oils also fell by Rs 100 each to Rs 6,200 and Rs 6,250, while crude palm oil (ex-kandla) held steady at Rs 4,500 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too ended lower by Rs 50 each to Rs 6,850 and Rs 6,550 per quintal, respectively.
Grains: Prices of wheat and a few other bold grains

strengthened at the wholesale grains market during the week on increased offtake against tight stocks following fall in supplies from producing regions.
However, bajra and rice basmati ended lower on sufficient stocks.
Traders said increased offtake by flour mills against restricted arrivals from producing regions led to the rise in wheat prices.
Meanwhile, India is likely to import up to 2 million tonne (MT) wheat in the current fiscal after the customs duty cut on the grain to boost domestic supply and check prices, according to flour millers.
They said rising demand from consuming industries helped other bold grains to trade higher.

In the national capital, wheat dara (for mills) edged up by Rs 5 to Rs 1,815-1,820 per quintal. Atta chakki delivery followed suit and traded higher by a similar margin to Rs 1,820-1,825 per 90 kg. Maida and sooji also enquired higher by Rs 10 each to Rs 1,070-1,080 and Rs 1,100-1,110 per 50 kg.
Other bold grains like maize and barley rose by Rs 40 and Rs 30 to Rs 1,550-1,560 and Rs 1,590-1,595 per quintal, respectively.
However, bajra slipped by Rs 30 to Rs 1,315-1,320 per quintal on increased supplies from growing regions.
Pulses: The wholesale pulses market depicted a mixed

trend during the week as urad and arhar prices dropped on fall in demand from retailers at prevailing levels against ample stocks following an improvement in supplies after the government took steps to curb rising prices including increased imports of masoor and tur.
However, kabuli gram small variety, rajmah chitra and moong settled higher on speculative buying activity against paucity of stocks.
Traders said apart from decline in demand from retailers at current levels, sufficient stocks position on increased supplies in view of government's measures to check rising prices and improve availability in the market, mainly kept pressure on select pulses prices.

Meanwhile, government agencies have set up 200 centres to procure pulses from farmers at the minimum support price (MSP) and will add more centres after arrival of tur dal from next month onwards.
The government approved further import of 1.70 lakh tonnes of masoor and tur dal for buffer stock to boost domestic supplies and check prices.
Besides, cooperatives NCCF and Nafed have been asked to sell tur and urad through their outlets in cities other than Delhi at Rs 105 per kg and Rs 120 per kg, respectively.
The Centre has also decided to provide milled pulses to states for further distribution in the retail market.

In the national capital, urad and its dal chilka suffered the most by falling Rs 300 each to Rs 7,300-8,900 and Rs 7,800-7,900 per quintal, respectively. Its dal best quality and dhoya enquired lower by a similar margin to Rs 7,900-8,400 and Rs 8,300-8,600 per quintal.
Arhar and its dal dara variety also declined by Rs 100 each to Rs 7,200 and Rs 9,200-11,000 per quintal, respectively.
Masoor small and bold settled lower at Rs 5,600-5,800 and Rs 5,650-5,850 from previous week's levels of Rs 5,700-5,900 and Rs 5,750-5,950 per quintal. Its dal local and best quality traded lower by Rs 100 each to Rs 6,050-6,550 and Rs 6,150-6,650 per quintal.

Malka local and best quality followed suit and weakened by Rs 100 each to Rs 6,400-6,900 and Rs 6,500-7,000 per quintal.
On the other hand, kabuli gram small variety and rajmah chitra edged up to Rs 9,700-10,000 and Rs 6,000-7,500 as compared to previous week's close of Rs 9,400-10,000 and Rs 6,000-6,850 per quintal respectively.
Moong and its dal chilka local also finished higher at Rs 5,200-5,800 and Rs 5,700-6,000 as compared to last close of Rs 5,100-5,800 and Rs 5,600-6,000 per quintal.
Its dal local dhoya local and best quality were up by Rs 100 each to Rs 6,300-6,800 and Rs 6,800-7,000 per quintal.

Sugar: Easy conditions developed at the wholesale sugar
market in the national capital during the week with prices falling by up to Rs 30 per quintal, largely dragged down by constant supplies from mills amid selective buying by stockists and bulk consumers.
Marketmen said ample stocks following steady inflow of arrivals from mills coupled with limited buying by stockists and bulk consumers such as soft-drinks, ice-creams and sweet makers, mainly pulled down the sugar prices.
Besides, imposition of stock limits on mills which resulted in ample ready stocks in the markets, put pressure on the sweetener prices, they added.
On the other hand, prices of some of the government and co-operative mills recorded a rise of up to Rs 30 per quintal as buying emerged at prevailing lower levels.

In Delhi, sugar ready M-30 and S-30 prices traded lower at Rs 3,920-4,150 and Rs 3,910-4,140, respectively as compared to previous week's close of Rs 3,950-4,150 and Rs 3,940-4,140 per quintal.
Likewise, sugar mill delivery M-30 and S-30 prices slipped to Rs 3,610-3,790 and Rs 3,600-3,780 against last week's close of Rs 3,610-3,810 and Rs 3,600-3,800 per quintal, respectively.
In the millgate section, sugar Dorala, Dhanora, Sakoti and Chandpur all dropped by Rs 20 each to end at Rs 3,660, Rs 3,620, Rs 3,630 and Rs 3,600, while Asmoli and Dhampur eased by Rs 10 each to Rs 3,740 and Rs 3,620 per quintal, respectively.
On the other hand, sugar Ramala gained the most by rising Rs 30 at Rs 3,600, followed by Baghpat and Anupshaher by Rs 20 each to Rs 3,620 and Rs 3,600 per quintal, respectively.
Jaggery: Gur (jaggery) saw fall in its prices at the
wholesale market in the national capital during the week following increased supplies from manufacturing belts amid muted demand and registered a sharp fall of up to Rs 300 per quintal.
Muzaffarnagar and Muradnagar gur markets also exhibited a lower trend on fresh supplies amid sluggish demand.
Marketmen said plenty of ready stocks in the markets due to beginning of production in gur manufacturing belts against reduced offtake by stockists and retailers mainly dampened the sentiments.
In Delhi, gur pedi prices suffered a sharp fall of Rs 300 to close at Rs 3,700-3,800 per quintal.
Gur dhayya and shakkar also followed suit and dropped Rs 100 each to settle the week at Rs 4,000-4,100 and Rs 4,100-4,200 per quintal, respectively.
However, gur chakku prices maintained at last week's closing levels of Rs 3,700-3,800 per quintal on little doing.
At Muzaffarnagar gur chakku prices slipped by Rs 100 to conclude the week at Rs 3,200-3,350 per quintal.
Gur Raskat prices also drifted lower by Rs 50 to finish at Rs 3,300-3,350 per quintal due to lower offtake by beer makers.
Trading in gur khurpa and laddoo could not take place due to unavailability of ready stocks.
Firm conditions emerged at the wholesale dry fruits
market during the week with almond and walnut prices rising, supported by uptick demand from retailers and stockists, driven by festive season.
Further, tight stocks following restricted arrivals from producing regions also influenced the sentiments.
Marketmen said apart from festive season demand following beginning of auspicious 'Navratras', holding back of stocks by speculators on hopes of further rise in prices, also supported the upside.
Prices of almond (California) rose Rs 150 to conclude at Rs 16,500-16,700 per 40 kg, while its kernel strengthened to Rs 600-610 from previous closing of Rs 592-602 per kg.
Almond gurbandi and girdhi also traded higher at Rs 11,400-11,700 and Rs 5,600-5,800 against previous closing of Rs 11,350-11,650 and Rs 5,500-5,700 per 40 kg, respectively.
Cashew kernel No 180, No 210, No 240 and No 320 gained Rs 10 each to conclude at Rs 1,060-1,080, Rs 960-980 Rs 860-880 and Rs 780-800 while its broken (2, 4 and 8 pieces) also increased up to Rs 40 to finish at Rs 700-760, Rs 675-740 and Rs 585-650 per kg, respectively.
Copra prices were higher at Rs 8,700-11,500 against previous mark of Rs 8,400-10,700 per quintal.
Kishmish Indian yellow and green prices increased by Rs 100 each to finish at Rs 2,900-4,600 and Rs 5,100-9,100 per 40 kg.
Pistachio hairati and peshawari increased up to Rs 20 to conclude at Rs 1,200-1,310 and Rs 1,410-1,480 per kg.
Kirana: Prices of select spices, pepper and jeera, rose
at the wholesale kirana market here during the week mostly on rising demand from local parties and exporters against tight stocks following fall in supplies from producing belts.
Market analysts said apart from fall in supplies from producing regions, pick-up in demand from retailers and exporters also influenced trading sentiment.
Black pepper prices rose by Rs 10 to conclude at Rs 730-860 per kg on higher export demand.
Cardamom brown-jhundiwali and kanchicut rose up to Rs 50 to settle at Rs 1,020-1,040 and Rs 1,080-1,350 per kg.
Cardamom small varieties such as chitridar, colour robin, bold and extra bold prices edged higher by Rs 5 each to close at Rs 870-970, Rs 790-800, Rs 840-860 and Rs 880-890 per kg, respectively.
Coriander prices were also up by Rs 200 to conclude at Rs 8,100-13,400 per quintal.
Cloves prices rose Rs 20 to ended at Rs 520-625 per kg.
Dry ginger and kalaunji prices higher by Rs 500 each to conclude at Rs 14,500-19,500 and Rs 19,500-20,000 per quintal, respectively.
Mace (red) and (yellow) spurted by up to Rs 50 to finish at Rs 725-1,000 and Rs 1,060-1,070 per kg.
Red chilli and turmeric rose up to Rs 200 to conclude at Rs 9,500-18,500 and Rs 8,00-11,800 per quintal, respectively.
Jeera common and jeera best quality also increased by Rs 100 each to closed at Rs 17,900-18,100 and Rs 20,600-21,100 per quintal, respectively.
Bullion: A diverging trend emerged at the bullion market during the week with gold prices falling by Rs 80 per 10 gram on low demand from jewellers, while silver spurted by Rs 850 per kg on the back of increased offtake by industrial units.
Bullion traders said easing demand from local jewellers and retailers at domestic spot market mainly led to the decline in gold prices but a firm trend overseas capped the fall.
Globally, gold ended the week higher at USD 1,249.20 an ounce and silver at USD 18.23 an ounce in New York.
In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week higher and advanced to Rs 29,550 and Rs 29,400 per 10 gram, respectively on firm global cues.
Later, it met with resistance at higher levels and slipped to Rs 29,060 and Rs 28,910 before ending at Rs 29,250 and Rs 29,100 per 10 grams respectively, still showing a modest fall of Rs 80 each.
Sovereign, however, moved in a narrow range in limited deals and pegged at last week's level of Rs 24,400 per piece of eight gram.
On the other hand, silver ready went past the Rs 42,000 mark and ended the week higher by Rs 850 to Rs 42,650 per kg and weekly-based delivery too finished higher by Rs 800 to Rs 42,330 per kg.
Moreover, silver coins maintained a steady trend at Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.