Select edible oils remain down on low demand

Select edible oil prices fell further at the wholesale oil and oilseeds market due to sluggish demand from vanaspati millers and retailers against adequate stocks position on increased supplies from producing belts.
However, groundnut oil strengthened on rising demand.
Market remained closed on Tuesday on account of "Ram Navami".
Traders said besides fall in demand from vanaspati millers and retailers, adequate stocks on increased supplies from producing regions mainly kept pressure on select edible oil prices.
In the national capital, mustard expeller (Dadri) oil drifted lower by Rs 50 to Rs 8,300 per quintal.
Palmolein (RBD) and palmolein (Kandla) oils also declined by Rs 50 each to Rs 5,600 and Rs 5,650 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too enquired lower by a similar margin to Rs 6,800 and Rs 6,500 per quintal, respectively.

On the other hand, groundnut mill delivery (Gujarat) oil remained in demand and advanced by Rs 200 to Rs 10,600 per quintal.
Grains: Weak conditions witnessed at the wholesale grains market during the week as prices of wheat and rice basmati moved down on reduced offtake against ample stocks position.
However, maize and barley went up on uptick in demand from consuming industries.
Traders said ample stocks position on improved supplies from producing regions against reduced offtake by flour mills, mainly kept pressure on wheat prices.

Weak trend in wheat at futures trade and expectations of bumper crop this year also weighed on prices, they said.
Fall in demand from retailers helped rice basmati to trade lower, they added.
In the national capital, wheat (desi and wheat dara for mills) slipped to Rs 2,250-2,530 and Rs 1,745-1,755 from previous week's levels of 2,300-2,580 and Rs Rs 1,780-1,790 per quintal, respectively. Atta chakki delivery followed suit and eased to Rs 1,760-1,765 against last close of 1,800-1,830 per 90 kg.
Atta flour mills, maida and sooji also settled lower at Rs 970-980, Rs 1,050-1,060 and Rs 1,190-1,200 from previous levels of Rs 990-1,000, Rs 1,090-1,100 and Rs 1,220-1,225 per 50 kg respectively in line with a wheat trend.

In the rice section, rice basmati common and Pusa-1121 variety weakened by Rs 100 each to Rs 8,400-8,500 and Rs 6,800-8,100 per quintal, respectively.
Pulses: In a holiday shortened week, prices of arhar and urad recorded a steep fall by declining up to Rs 500 per quintal at the wholesale pulses market owing to slackened demand against ample stocks position on improved supplies from producing belts.
On the other hand, kabuli gram climbed on uptick in demand.
Marketmen said besides fall in demand from retailers and dal mills, ample stocks position in the market following increased arrivals from producing regions, mainly pulled down arhar and urad prices.

In the national capital, arhar and its dal dara variety dropped by Rs 450 and Rs 500 to Rs 4,550 and Rs 6,500-8,300 per quintal, respectively.
Urad and its dal chilka local also slumped by Rs 400 each to Rs 6,300-7,200 and Rs 6,500-6,600 per quintal, respectively. Its dal best quality and dhoya followed suit and traded lower by a similar margin to Rs 6,600-7,100 and Rs 7,000-7,200 per quintal.
Sugar: Firm conditions re-emerged at the wholesale market in the national capital during the week with prices recovering by up to Rs 190 per quintal on the back of fresh spell of buying by bulk consumers and stockists, triggered by summer season.

On the other hand, prices of government and cooperative sugar mills were under pressure and fell up to Rs 20 per quintal.
Marketmen said apart from paucity of stocks following restricted supplies from privative mills in view of lower production this year, against robust demand from stockists and bulk consumers to meet summer demand mainly attributed recovery in the sweetener prices.
Meanwhile, to check sharp fluctuations in sweetener prices, the government allowed duty free import of up to 5 lakh tonnes of raw sugar to boost domestic supplies amid production fall.
The duty-free imports will be allowed until June 12 under the Tariff Rate Quota (TRQ), according to a notification.

Prices of sugar ready M-30 and S-30 surged from last week's closing levels of Rs 3,820-3,860 and Rs 3,810-3,850 to finish the week at Rs 3,980-4,050 and Rs 3,970-4,040, showing a significant rise of up to Rs 190 per quintal.
While, mill delivery M-30 and S-30 were mixed and prices ended at Rs 3,550-3,690 and Rs 3,540-3,680 as compared to previous week's close of Rs 3,560-3,615 and Rs 3,550-3,605, showing a rise of Rs 75 (superior quality).
In the millgate section, sugar Mawana and Dorala suffered the most by falling Rs 85 to end at Rs 3,655 per quintal each.

Sugar Kinnoni, Asmoli and Modinagar spurted by Rs 80 each to Rs 3,690, Rs 3,660 and Rs 3,640, while Khatuli and Budhana jumped up by Rs 75 each to Rs 3,685 and Rs 3,655 per quintal.
Prices of sugar Thanabhavan and Chandpur were higher by Rs 70 each to Rs 3,650 and Rs 3,630, while Simbholi and Sakoti rose by Rs 60 each to Rs 3,670 and Rs 3,630 per quintal, respectively.
Sugar Dhanora and Dhampur also gained Rs 30 each to settle the week at Rs 3,650 and Rs 3,630 per quintal, respectively.
Jaggery: A subdued trend continued unabated for yet

another week in the gur (Jaggery) prices at the wholesale market in the national capital following sluggish demand from stockists and retailers, triggered by mounting stocks on persistent arrivals and recorded a fall of Rs 100 per quintal.
Muzaffarnagar and Muradnagar, gur markets also showed a similar tendency with prices dropping up to Rs 250 per quintal on muted demand against ample stocks.
Marketmen said huge stocks on steady inflow of supplies from manufacturing belts and considerable fall in demand due to hike in mercury mainly pulled down prices.
In Delhi, gur Chakku, Dhayya and Pedi prices slipped by Rs 100 each to end the week at Rs 3,100-3,200, Rs 3,300-3,400 and Rs 3,100-3,200, while shakkar prices remained flat at Rs 3,500-3,600 per quintal throughout the week on some support.

At Muradnagar, gur Pedi prices plunged by Rs 250 per quintal during the week to end at Rs 2,650-2,700, while Dhayya dipped by Rs 150 to Rs 2,800-2,850 per quintal.
Coming to Muzaffarnagar, gur Chakku and Khurpa prices were lower at Rs 2,650-2,800 and Rs 2,550-2,600 as compared to previous week's close of Rs 2,750-2,950 and Rs 2,650-2,750, depicting a fall of up to Rs 150 each per quintal, while gur Laddoo prices dropped by Rs 100 to conclude the week at Rs 2,800-2,850 per quintal.
Dryfruits: Almond and walnut prices declined at the
wholesale dryfruits market in the national capital during the week as demand from retailers and stockists receded due to end of wedding and festive season.
Adequate stocks following increased arrivals from producing belts also put pressure on the prices, traders said.
Almond California prices fell by Rs 400 to finish the week at Rs 16,900-17,100 per 40 kg, while its kernel traded lower by Rs 10 at Rs 605-610 per kg.
Almond gurbani and girdhi prices fell by Rs 200 each to conclude at Rs 12,000-12,200 and 5,500-5,600 per 40 kg, respectively.
Cashew kernel (No 180, 210, 240 and 230) prices were down by Rs 10 each per kg to finish at Rs 1,065-1,075, Rs 935-945, Rs 885-895 and Rs 785-795 and its broken (2, 4 and 8 pieces) also declined up to Rs 15 to conclude at Rs 700-760, Rs 700-750 and Rs 600-660 per kg, respectively.
Copra prices traded lower at Rs 8,700-11,000 against previous closing of Rs 8,800-11,600 per quintal.
Kishmish Indian yellow and green fell by Rs 100 each to conclude at Rs 4,500-5,000 and Rs 5,000-8,500 per 40 kg bag, respectively.
Pistachio hairati and peshawari drifted up to Rs 30 to finish at Rs 1,425-1,495 and Rs 1,545-1,595 per kg, respectively.
Kirana: Black pepper and jeera prices strengthened at the wholesale kirana market during the week on increased buying by retailers and stockists amid thin supplies.
Traders said increased offtake by local parties and stockists amid a firming trend in most spices in futures trade also buoyed the trading sentiments.
Besides, pickup in export demand influenced select spice prices, they said.
Black pepper prices rose by Rs 10 to conclude at Rs 650-800 per kg on higher exports demand.
Cloves prices increased by Rs 5 to conclude at Rs 555-655 per kg.
Coriander prices increased by Rs 200 to settle at Rs 7,500-14,200 per quintal.
Dry ginger and kalaunji prices rose by Rs 500 each to conclude at Rs 12,000-17,000 and Rs 14,500-14,700 per quintal.
Poppyseed (Turkey, U.P and MP-RAJ) spurted up to Rs 75 to finish at Rs 420-450, Rs 420-440 and Rs 440-470 per kg, respectively.
Red chilli and turmeric prices increased up to Rs 200 to conclude at Rs 5,100-13,600 and Rs 7,400-10,600 per quintal, respectively.
Jeera common and best quality also traded higher at Rs 19,500-19,700 and Rs 22,000-22,500 as against previous mark of Rs 18,500-18,700 and Rs 20,500-21,000 per quintal amid reports of lower production estimates in Gujarat against pick up in domestic and export demand.
On the other hand, cardamom brown-Jhundiwali and Kanchicut prices declined by Rs 20 each to settle at Rs 700-720 and Rs 760-1,050 per kg, respectively.
Nutmeg prices also drifted by Rs 20 to end at Rs 570-580 per kg.