Weekly pulses and grains review
Prices in the grain and pulses market were stable owing to festive season demand. Wheat dara continued to be offered in the range of Rs 635 to Rs 673 per quintal. Sharbati wheat from Madhya Pradesh traded between Rs 1,000-Rs 1,275 per quintal.
However, increase in procurement of paddy and rice in Punjab and Haryana by the government led to decrease in arrival of new rice.
Traders said that upturn in wheat was unlikely and it would stay at the current rate. A weak trend was visible in atta, maida and suji, losses being in the range of Rs 10-30 at Rs 650, Rs 700 and Rs 835 per bag respectively.
The Delhi market sold around five railway rakes of wheat during the week for South in the price range of Rs 780-793 per quintal. The government sold its wheat at Rs 670 per quintal.
In contrast rice permal firmed up from Rs 800-940 to Rs 815-950 while common basmati traded steady between Rs 3,100 and Rs 3,550 per quintal.
Prices of pulses strengthened owing to increased festival season buying coupled with restricted despatches. Urad shot up by Rs 50-100 per quintal from Rs 1,275-1,700 to Rs 1,375-1,750. Prices of Rangooni urad increased by Rs 35 at Rs 1,550 per quintal.
Dal urad chhilka and dhoya too settled higher at Rs 1,900-2,600, up by Rs 50-100 per quintal. Lower arrivals kept moong prices steady between Rs 1,300-2,450 and arhar edged up by Rs 40 at Rs 1,640-1,825 per quintal.
Best quality gram dal increased by Rs 150 to Rs 2,060 per quintal. Shortfall of stock pushed up rajmash red prices to Rs 2,325 from the previous Rs 2,225 per quintal. Rajmash chitra firm up from Rs 1,975 to Rs 2,200 per quintal.
Demand for gram dal rose, with around 150 trucks of dal sold between Rs 2,000-2,200 per quintal. Coarse grains did not witness much price fluctuation although maize settled higher by Rs 10 at Rs 580-640 per quintal while bajra and oats remained steady.
Growing pressure on prices from private millers on mill delivery sugar led to inventory sales at reduced rates after Puja demand from eastern states dried up. Nearly 60 trucks of sugar were sold last week.
Among private millers, Mawana settled the week with a loss of Rs 12 at Rs 1,260 per quintal. Among cooperative and corporation millers, Bijnore sold old stock lower by Rs 10 at Rs 1,250. New sugar fell the same margin at Rs 1,205 a quintal.
Spot trading was done between Rs 1,325-1,385 per quintal, a fall of Rs 5-15 over previous week. Heavy arrivals of 700 bags daily from western U.P. saw a steep downturn of Rs 130 in gur prices at Rs 1,200-1,250 per quintal.
