Select edible oils remain weak on easing demand

Select edible oils fell for the second straight week on the oils and oilseeds market on easing demand from vanaspati millers and retailers against adequate stocks position.
However, mustard oil remained higher on rising demand.
Castor oil in the non-edible section also eased due to offtake by consuming industries.
Marketmen said fall in demand from vanaspati millers and retailers at prevailing levels amid ample stocks position on higher supplies from producing regions, mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell further by Rs 50 to Rs 9,000 per quintal, while groundnut solvent refined shed Rs 10 at Rs 1,690-1,740 per tin sesame mill delivery oil lost Rs 100 at Rs 7,800 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and declined by Rs 50 each to Rs 6,550 and Rs 6,250 per quintal, respectively.

Palmolein (RBD) and palmolein (Kandla) oils followed suit and traded lower by a similar margin to Rs 5,400 and Rs 5,350 per quintal, respectively.
Coconut oil too eased to Rs 1,950-2,000 against last close of Rs 2,050-2,100 per tin.
On the other hand, mustard expeller (Dadri) oil advanced by Rs 50 to Rs 8,800 per quintal. Mustard pakki and kachi ghani oils held steady at Rs 1,520-1,570 and Rs 1,570-1,670 per tin, respectively on some support.

Grains: Firm conditions continued to prevail at the
wholesale grains market during the week as rice basmati and a few other bold grains extended gains on persistent buying by stockists against restricted supplies from producing regions.
Traders said increased buying by stockists against paucity of stocks, and likely fall in its kharif output, mainly kept rice basmati prices higher.
They said increased demand from consuming industries led to the rise in other bold grains prices.
In the national capital, rice basmati common and Pusa-1121 variety advanced to Rs 6,300-6,600 and Rs 5,300-6,300 from previous week's levels of Rs 5,700-6,200 and Rs 4,700-5,700 per quintal, respectively.

Non-basmati rice, permal raw, wand, sela and IR-8 followed suit and strengthened to Rs 1,950-2,000, Rs 2,200-2,275, Rs 2,750-2,850 and Rs 1,700-1,720 as compared to the previous close of Rs 1,850-1875, Rs 2,000-2,100, Rs 2,350-2,450 and Rs 1,680-1,700 per quintal, respectively.
Other bold grains like bajra and maize also climbed to Rs 1,380-1,390 and Rs 1,650-1,700 against last close of Rs 1,285-1,295 and Rs 1,500-1,550 per quintal, respectively.
Pulses: In restricted activity, the wholesale market
depicted a weak trend during the week with prices of select pulses led by gram prices plunging by up to Rs 900 per quintal owing to muted demand from retailers against adequate stocks position.

However, rajmah chitra and moong ended on selective buying.
The market remained closed on Thursday due to Republic Day.
Marketmen said besides fall in demand from retailers at current levels, ample stocks position on increased supplies from producing regions mainly pulled down gram and other pulses prices.
In the national capital, gram, gramdal local and best quality suffered the most and dropped to Rs 6,400-6,800, Rs 7,300-7,600 and Rs 7,700-7,800 against last close of Rs 7,300-7,700, Rs 8,200-8,500 and Rs 8,600-8,700 per quintal, respectively.
Kabuli gram small variety followed suit and shed Rs 100 at Rs 9,400-9,900 per quintal.
Besan Shaktibhog and Rajdhani quoted lower at Rs 3,200 each instead of Rs 3,400 per 35 kg.

Arhar and its dal dara variety slipped by Rs 200 each to Rs 4,850 and Rs 6,700-8,500 per quintal, respectively.
Masoor small and bold also slipped to Rs 4,850-5,000 and Rs 4,900-5,100 from previous levels of Rs 5,000-5,150 and Rs 5,050-5,250 per quintal. Its dal local and best quality lost Rs 200 each at Rs 5,200-5,700 and Rs 5,300-5,800 per quintal.
Malka local and best quality dropped by Rs 400 each to Rs 5,300-5,500 and Rs 5,400-5,600 per quintal.
Urad and its dal chilka local fell by Rs 300 each to Rs 6,300-7,300 and Rs 6,600-6,700 per quintal. Its dal best quality and dhoya traded lower by a similar margin to Rs 6,700-7,200 and Rs 7,100-7,400 per quintal.

On the other hand, rajmah chitra edged up to Rs 7,200-9,900 from previous level of Rs 6,900-9,600 per quintal.
Sugar: Snapping its five-week rising streak, sugar prices
slipped by up to Rs 70 per quintal at the wholesale market in the national capital due to withdrawal of support from stockists and bulk consumers amid pick up in supplies by mills at higher levels.
Meanwhile, Indian Sugar Mills Association (ISMA) has reported a downfall in total output this year but Uttar Pradesh has showed a higher output of nearly about 30 per cent.
Marketmen said increased arrivals from mills amid fall in demand at current level, led to the fall in the sweetener prices.

In price section, sugar ready M-30 and S-30 turned weak as prices slipped from last week's closing levels of Rs 4,050-4,120 and Rs 4,040-4,110 to end at Rs 4,000-4,050 and Rs 3,990-4,040, showing a fall of Rs 70 per quintal.
Mill delivery M-30 and S-30 prices also declined by Rs 20 each to Rs 3,700-3,780 and Rs 3,710-3,790 as compared to previous week's close of Rs 3,720-3,800 and Rs 3,710-3,790 per quintal.
In the millgate section, sugar Chandpur fell by Rs 30 to Rs 3,690, followed by Dorala by Rs 25 to Rs 3,720 per quintal.
Sugar Kinnoni, Budhana, Thanabhavan, Simbholi, Modinagar and Khatuli lost Rs 20 each to Rs 3,780, Rs 3,720, Rs 3,710, Rs 3,760, Rs 3,710 and Rs 3,760 per quintal, respectively.

Prices of Mawana, Dhanora, Dhampur, Ramala, Baghpat and Morna fell by Rs 10 each to Rs 3,730, Rs 3,720, Rs 3,700, Rs 3,720, Rs 3,740 and Rs 3,730 per quintal.