Select edible oils strengthen in mixed trade

The wholesale oils and oilseeds market displayed a mixed trend during the week under review as select edible oils strengthened on increased buying by retailers, while a few others remained weak on ample stocks position.
In the non-edible section, linseed and castor oils edged up on increased offtake by consuming industries.
Marketmen said increased buying by retailers, triggered by ongoing festive season against restricted supplies from producing belts, mainly led to rise in select edible oil prices.
They said, however, adequate stocks position against subdued demand kept pressure on other edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil climbed up by Rs 400 to Rs 12,700 per quintal. Groundnut solvent refined followed suit and edged up by Rs 20 to Rs 1,920-1,970 per tin.

Sesame mill delivery and cottonseed mill delivery (Haryana) oils also moved up by Rs 100 each to Rs 8,000 and Rs 6,600 per quintal, respectively.

On the other hand, mustard expeller (Dadri) oils declined by Rs 50 to Rs 8,750 per quintal.
Palmolein (RBD) and palmolein (Kandla) oils drifted lower by Rs 200 each to Rs Rs 6,000 and Rs 6,050 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and finished lower by Rs 50 each to Rs 6,750 and Rs 6,450, per quintal, respectively.
In the non-edible section, linseed oil rose by Rs 100 to Rs 9,800 per quintal on pick up in demand from paint industries.

Grains: Rice basmati and a few other bold grains firmed
at the wholesale grains market during the week following pick up in demand against tight stocks position on restricted supplies from producing belts.
However, wheat showed fall in its prices due to reduced offtake by flour mills against sufficient stocks position.
Traders said uptick in demand from retailers against scarcity of stocks on fall in supplies from producing regions helped rice basmati and a few other bold grains to trade higher.
In the national capital, rice basmati common and Pusa-1121 variety went up by Rs 100 each to Rs 4,800-5,000 and Rs 3,900-4,700 per quintal, respectively.

Non-basmati rice sela and IR-8 also traded higher by Rs 100 and Rs 50 to Rs 2,800-2,900 and Rs 1,850-1,860 per quintal, respectively.
Other bold grains like barley and maize too finished higher by Rs 40 and Rs 20 to Rs 1,630-1,635 and Rs 1,570-1,580 per quintal, respectively.
On the other hand,wheat dara (for mills) declined by Rs 15 to Rs 1,800-1,805 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,805-1,810 per 90 kg.
Pulses: The wholesale pulses market depicted a firm trend
during the week with prices of select commodities led by gram, soaring on speculative buying by stockists even as the government took a series of steps to curb soaring prices and improve availability in the market.

Traders said speculative buying by stockists, triggered by paucity of stocks in the markets on fall in arrivals amid increased demand from retailers, mainly pushed up gram and other pulses prices.
Meanwhile, government agencies FCI and Nafed have so far procured over 3,740 tonnes of pulses, especially moong and urad, at minimum support price (MSP), in the ongoing kharif marketing season.
Moong, tur and urad are the key kharif pulses, harvesting of which has begun in key growing states like Karnataka and Maharashtra.
In the national capital, gram, gram dal local and best quality spurted to Rs 10,500-10,700, Rs 10,700-11,000 and Rs 11,100-11,200 from previous week's close of Rs 9,700-9900, Rs 9,900-10,100 and Rs 10,200-10,300 per quintal, respectively on speculative buying activity.

Besan Shaktibhog and Rajdhani quoted higher at Rs 4,300 each instead of Rs 4,100 per 35 kg bag.
Rajmah chitra edged up to Rs 6,000-8,200 from previous level of Rs 6,000-7,500 per quintal.
Moong and its dal chilka rose by Rs 200 each to Rs 5,400-6,000 and Rs 5,900-6,200 per quintal. Its dal dhoya local and best quality followed suit and traded higher by a similar margin to Rs 6,500-7,000 and Rs 7,000-7,200 per quintal.
Malka local and best quality gained Rs 100 each to Rs 6,500-7,000 and Rs 6,600-7,100 per quintal respectively.
Arhar and its dal dara variety also went up by Rs 100 each to Rs 7,300 and Rs 9,300-11,100 per quintal, respectively.

Sugar: Sugar prices soared to hit four-year high by
rising up to Rs 80 to Rs 3,820 per quintal in the national capital during the week on the back of robust demand from bulk consumers, stockists and retailers, driven by ongoing festive season.
Sentiments remained upbeat on the back of brisk demand from bulk consumers such as soft-drink makers, ice-cream makers and confectioners, triggered by festive season, traders said.
Besides, reports of lower output as compared to last year and widening gap between demand and supply coupled with a firm trend in global market too attributed the rise in sweetener prices here, they added.

In the mill gate section, sugar Asmoli prices spurted by Rs 80 to trade at four-year high of Rs 3,820 per quintal, while sugar Dorala was up by Rs 60 to Rs 3,720 per quintal.
Sugar Dhanora and Khatuli also improved by Rs 40 each to settle the week at Rs 3,660 and Rs 3,830, while Dhampur inched up by Rs 10 to Rs 3,630 per quintal, resepctively.
However, prices of sugar in government and co-operative mills continued to move around last week's closing levels on ample supplies from mills.
Meanwhile, the government is keeping a close watch on prices of sugar and other commodities with a view to check hoarding and ensure adequate availability in the market in the festival season.

In line with overall firming trend, sugar M-30 and S-30 hardened by Rs 30 each to finish at Rs 3,950-4,150 and Rs 3,940-4,140 per quintal.
Similarly, mill delivery M-30 and S-30 prices were higher by Rs 40 each to Rs 3,600-3,830 and Rs 3,590-3,820 per quintal.
Jaggery: The wholesale gur (jaggery) market displayed a
rising trend in the national capital during the week under review largely supported by strong demand amid ongoing festive season and registered a hefty rise of Rs 100 per quintal.
Muzaffarnagar and Muradnagar gur markets too were in a better shape with prices spurting by Rs 250 per quintal during the period.

Marketmen said a spurt in demand from stockists as well as retailers following ongoing festival mainly led to the rise in gur prices.
A rally in sugar prices also influenced gur prices but arrival of new gur in the market from manufacturing belts, capped the rise in prices, they added.
In Delhi, gur pedi prices closed higher by Rs 100 to finish at Rs 3,800-3,900 per quintal.
However, gur chakku, dhayya and shakkar prices maintained last week's closing levels of Rs 3,700-3,800, Rs 4,000-4,100 and Rs 4,100-4,200 per quintal, respectively.
At Muradnagar, gur pedi and dhayya rallied by up to Rs 200 to settle at Rs 3,450-3,525 and Rs 3,500-3,550 as compared with previous close of Rs 3,250-3,350 and Rs 3,400-3,450 per quintal.
While in Muzaffarnagar, gur raskat, however, dropped by Rs 250 to finish at Rs 3,000-3,300 per quintal due to the withdrawal of support by beer-makers.
Dry fruits: Despite ongoing festive season, almond and
walnut prices declined at the wholesale dry fruits market in the national capital during the week as demand receded from retailers and stockists at existing higher levels.
Sufficient stocks following increased arrivals from producing belts also put pressure on the prices, traders said.
Almond California prices fell by Rs 300 to end the week at Rs 16,300-16,500 per 40 kg, while its kernel traded lower by Rs 20 at Rs 580-590 per kg.
Almond gurbani and girdhi prices fell Rs 100 each to conclude at Rs 11,400-11,700 and Rs 5,500-5,700 per 40 kg, respectively.
Cashew kernel (No 180, 210, 240 and 230) prices were down by Rs 10 each to finish at Rs 1,050-1,070, Rs 950-970, Rs 850-870 and Rs 770-790 and its broken (2, 4 and 8 pieces) also declined Rs 5 each to conclude at Rs 695-755, Rs 670-735 and Rs 580-645 per kg, respectively.
Copra fell Rs 200 to finish at Rs 8,500-11,300 per quintal.
Coconut powder drifted lower by Rs 50 to close at Rs 2,700-2,800 per 25 kg.
Dry dates-red declined by Rs 100 to conclude at Rs 2,900-11,900 per quintal.
Kishmish Indian yellow and green traded lower by Rs 100 each to finish at Rs 2,800-4,500 and Rs 5,000-9,000 per 40 kg bag.
Pistachio hairati declined by Rs 10 to closed at Rs 1,190-1,300 per kg.
Walnut and its kernel prices also drifted lower upto Rs 60 to end at Rs 300-450 and Rs 800-1,450 per kg, respectively.