In a mixed trading pattern, select edible oils staged a partial recovery on the oils and oilseeds market during the week under review on fresh buying by vanaspati millers, driven by festive season, while a few others remained weak on stockists selling.
The market remained closed on Tuesday on account of "Raksha Bandhan". Buying activity in select edible oils picked up as palm oil futures advanced in Malaysia after demand climbed from Asian countries, including India and China.
A few non-edible oils were under some pressure due to slackened demand from consuming industries, particularly from soap and paint industries.
Meanwhile, palm oil futures for the November-delivery contract added 0.5 per cent to end at $806 a metric tonne on the Malaysia Derivatives Exchange. It had lost 6.4 per cent last week.
Marketmen said apart from firming global trend pick up in domestic demand as consumption rises during festive season, also influenced edible oil prices. Disrupted supplies from producing regions following heavy rains was another factor behind recovery in edible oil prices, they added.
In the national capital, palmolein (rbd) oil gained the most by rising Rs 70 to Rs 4,940 per quintal largely on firming global trend.
Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) followed suit and traded higher by Rs 20 and Rs 10 to Rs 4,910 and Rs 4,710, while crude palm oil (ex-kandla) gained Rs 20 to Rs 4,150 per quintal.
Coconut oil, which remained steady in the major part of week, saw fresh buying along with higher southern region advices and finished higher by Rs 50 to Rs 1,100-1,130per tin.
On the other hand, mustard expeller oil (Dadri) oil lacked necessary buying support and lost Rs 50 to Rs 5,200 per quintal and its mustard pakki and kachi ghani oils shed Rs 5 each to Rs 705-860 and Rs 860-960 per tin.
Cottonseed mill delivery oil (Haryana) in restricted dealings weakened by Rs 50 to Rs 4600 per quintal. In the non-edible section, linseed oil drifted by Rs 50 to Rs 4,100 per quintal on reduced offtake from paint industries.
Neem oil declined by Rs 50 to Rs 3700-3800 per quintal on sluggish demand from soap units and Mahuwa oil traded lower by the same margin at Rs 4,000 per quintal.
Grains: Mixed conditions developed on the wholesale grains market during the past week as rice and maize prices firmed on pick up in demand amid restricted arrivals from producing regions due to heavy rains, while a few others remained weak on adequate stock positions.
Marketmen said increased demand from stockists and retailers against restricted arrivals from producing belts due to heavy rains mainly led to rise in wholesale rice basmati prices.
In the rice section, rice basmati common and Pusa-1121 variety rose by Rs 100 and Rs 200 to Rs 5,500-5,600 and Rs 4,500-5,000 per quintal on tight supplies due to heavy rains. Maize also attracted some buying support from industrial units and moved up by Rs 20 to Rs 1,060-1,070 per quintal.
On the other hand, wheat dara (for mills) shed Rs 5 to Rs 1,225-1,230 per quintal on adequate stocks positions following bumper crops this season. Atta chakki delivery followed suit and traded lower by Rs 5 to Rs 1,230-1,235 per 90 kg.
Bajra lost Rs 10 to Rs 940-950, while jowar yellow and white were down by Rs 100 and Rs 50 to Rs 1,200-1,300 and Rs 2300-2350 per quintal.
Pulses: Weak conditions prevailed at the wholesale pulses market during the week under review with most of the commodities led by moong falling on selling by stockists on sluggish demand at existing higher levels.
Adequate supply in the market and lower trend at producing belts also pressurised prices. Marketmen said besides heavy stockists selling, adequate stocks positions following increased supplies also attributed to fall in wholesale prices of pulses.
Moong and its dal chilka local suffered the most by falling Rs 700 and Rs 600 to Rs 4,600-5,000 and Rs 5,600-6,000, while best quality and dhoya were down by Rs 400 each to Rs 6,000-6,200 and Rs 6,400-6,600 per quintal.
Urad and its dal chilka local, best and dhoya lost Rs 200 each to Rs 5,100-5,650, Rs 5,600-6,000, Rs 6,500-6,800 and Rs 6,600-6,700 per quintal.
Malka local and best quality declined by Rs 100 each to Rs 3,900-4,000 and Rs 4,200-4,500, while arhar and its dal dara variety traded lower by the same margin at Rs 3,800-3,900 and Rs 4,800-5,200 per quintal.Kabli gram small lost Rs 100 to Rs 4,200-5,400 per quintal.
In line with a general weakening trend, masoor small and bold shed Rs 50 each to Rs 3,250-3,450 and Rs 3,450-3,700. Its dal local and best quality lost Rs 100 each to Rs 3,900-4,000 and Rs 4,200-4,500 per quintal.
Gram, gram dal local and best quality declined by Rs 25 each to Rs 2,225-2250, Rs 2475-2500 and Rs 2600-2700 per quintal. Peas white and green weakened by Rs 50 each to Rs 1900-2000 and Rs 2100-2300 per quintal.
