Weely Market Report

Sugar: An easy tendency developed in the wholesale sugar market during the week under review following adequate stocks position against fresh supply from mills. 

Marketmen said some of sugar mills prices softened due to increased supply against restricted buying from retailers and stockists. Arrivals of new sugarcane crop also kept the prices under pressure, they added.

In millgate, ex-cluding duty section, sugar thanabhavan and budhana dipped by Rs 10 each to Rs 2,675 and Rs 2,670 per quintal. Mawana and dorala also slipped by Rs 10 each to Rs 2,690 and Rs 2,685 per quintal.

However, sugar ready medium and second grade prices somehow managed to held sugar prices around last week's closing levels on sporadic buying at Rs 2,840-2,940 and Rs 2,830-2,930 per quintal.

Mill delivery medium and second grade price also remain unchanged at Rs 2,640-2,740 and Rs 2,630-2, 730 per quintal on some support.

Jaggery: Gur prices showed a firm trend in the national capital today during the week under review on brisk demand from stockists and retailers against lower supply, registering a gain of nearly Rs 150 per quintal.

Marketmen said fall in supply due to ongoing adverse weather conditions against frantic buying from stockists and retailers attributed to the rise in gur prices. Higher neighbouring states advices also helped to boost the trading sentiment, to some extent, they added.

Muzzafarnagar and Muradnagar gur market also ended on a firm note on aggressive buying.

In Delhi, gur chakku pedi prices jumped up by Rs 150 to settle at Rs 2,400-2,450 compared with the last week's close of Rs 2,300-2,350 per quintal.

Gur chakku and dhayya also ended higher at Rs 2,350-2,400 and Rs 2,450-2,500 against the last week's close of Rs 2,250-2,300 and Rs 2,350-2,400, showing a rise of Rs 100 per quintal. Shakkar prices quoted higher by Rs 50 to finish at Rs 2,550-2,600 from Rs 2,500-2,550 per quintal.

Turning to Muradnagar gur dhayya and pedi prices ended higher at Rs 2,200-2,225 and Rs 2,175-2,250 compared from the last week's close of Rs 2,050-2,100 each, revealing an net gain of up to Rs 150 per quintal.

At Muzzafarnagar, gur chakku and khurpa prices gained from Rs 2,050-2,250 and Rs 1,950-2,050 to conclude at Rs 2,150-2,325 and Rs 2,075-2,125, depicting a net profit of Rs 125 per quintal.

On the other hand, gur raskat prices dropped by Rs 75 to settle at Rs 1,725-1,800 from Rs 1,750-1,875 per quintal due to poor offtake by beer and cattlefeed making industries.

Dry fruits: Almond and cashew prices declined in the wholesale dry fruits market during the week under review, due to fall in demand from local traders and stockists at existing higher levels.

Increased arrivals from producing belts also put pressure on the prices. Sentiment turned bearish following fall in demand from stockists and retailers at higher prices amid increased supplies.

Almond california prices fell by Rs 300 to finish at Rs 9,900 per 40 kg while its kernel also traded Rs 10 lower at Rs 350-360 from previous week's mark of Rs 360-365 per kg on increase in arrivals. 

Cashew kernel (No 180, 210, 240 and 320) prices fell in the range of Rs 5 to Rs 10 to settle at Rs 640-650, Rs 580- 590, Rs 525-530 and Rs 420-440 and its (2 or 4 pieces) declined by Rs upto Rs 10 to finish at Rs 440-445 and Rs 390-425 per kg, respectively on subdued demand.

Kishmish Indian yellow and green also traded lower at Rs 3,600-4,200 and Rs 5,500-7,200 per 40 kg on selling pressure following increased arrivals from Nasik (Maharashtra).

On the other hand, copra and dry dates-red surged up to Rs 500 to conclude at Rs 5,800-6,000 and Rs 3,400-9,000 per quintal, respectively.

Kirana: In a mixed pattern of trading, select spices - cardamom and kalaunji - firmed in the national capital during the week following increased buying by stockists on the back of favourable advices from producing centres.

Reports of fall in output this season also supported the upside in select spices. However, black pepper and jeera turned weak on lack of buying interest.

Cardamom small varieties such as chitridar, colour robin, bold and extra bold prices spurted to Rs 980-1,030, Rs 1,150 -1,160, Rs 1,170-1,185 and Rs 1,150-1,170 from Rs 770-885, Rs 940-950, Rs 960-970 and Rs 1,240-1,260 per kg following increased export demand and lower production. 

Cloves prices increased by Rs 10 to finish at Rs 340-410 per kg. Kalaunji prices traded higher at Rs 11,000-12,000 against previous closing of Rs 9,500-10,500 per quintal.

Mace-red and yellow prices rose up to Rs 200 to finish at Rs 1,650-1,900 and Rs 1,750-1,900 per kg, respectively. Makhana and nutmeg prices rose up to Rs 75 to conclude at Rs 260-360 and Rs 650-700 per kg, respectively.

Poppyseed (Turkey, MP-RAJ, Kashmiri) jumped by Rs 10 each to settle at Rs 235, Rs 235-285 and Rs 220 per kg respectively. However, black pepper prices declined by Rs 300 to settle at Rs 22,100-22,200 per quintal.

Jeera common and jeera best quality also declined up to Rs 200 to conclude at Rs 13,200-13,400 and Rs 14,300-14,700 per quintal.