The wholesale oils and oilseeds market remained weak for yet another week with edible oil prices sliding further owing to slackened demand from retailers and vanaspati millers against ample stocks on increased supplies from producing belts.
However, soyabean oil ended higher on scattered demand.
Traders said besides subdued demand from retailers and vanaspati millers, sufficient stocks position on higher supplies from producing regions mainly kept pressure on edible oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils drifted further lower by Rs 150 each to Rs 5,850 and Rs 5,900 per quintal, respectively.
Mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils also declined by Rs 50 each to Rs 8,350 and Rs 6,700 per quintal, respectively.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 100 each to Rs 7,000 and Rs 6,700 per quintal, respectively.
In the non-edible section, linseed and castor oils moved in a narrow range in limited deals from consuming industries and settled at previous levels of Rs 9,750 and Rs 9,700-9,800 per quintal.
Grains: Prices of wheat and other bold grains continued
to slide for the second straight week at the wholesale market in the national capital on ample stocks position following increased arrivals from producing regions against reduced offtake by flour mills.
However, rice basmati strengthened on rising demand.
Traders said besides sufficient stocks due to pick up in supplies from producing belts, reduced offtake by flour mills mainly kept pressure on wheat prices.
Meanwhile, the centre has asked Madhya Pradesh, Rajasthan and Gujarat governments to soon start wheat procurement as the new crop has started arriving in the local markets.
The Food Corporation of India (FCI) and state government's agencies will start wheat procurement from April.
The country is all set to harvest a record production of 96.64 million tonnes in 2016-17 crop year (July-June) as against 92.29 million tonnes in the previous year.
Enthused by estimates of bumper crop, FCI has increased the target of wheat procurement to 33 million tonnes for the 2017-18 marketing year from 23 million tonnes purchased during the current year.
In the national capital, wheat (desi) and wheat dara (for mills) dropped to Rs 2,450-2,750 and Rs 1,810-1,820 from previous week's levels of Rs 2,600-2,900 and Rs 1,880-1,890 per quintal, respectively.
Atta chakki delivery followed suit and eased to Rs 1,820-1,850 against last close of Rs 1,890-1,920 per 90 kg.
Atta flour mills, maida and sooji ended lower at Rs 990-1,000, Rs 1,070-1,080 and Rs 1,180-1,190 as compared to previous levels of Rs 1,000-1,010, Rs 1,070-1,080 and Rs 1,190-1,200 per 50 kg, respectively in line with wheat trend.
Other bold grains like bajra, maize and barley slipped to Rs 1,400-1,410, Rs 1,550-1,560 and Rs 1,700-1,720 from previous close of Rs 1,440-1,450, Rs 1,590-1,600 and Rs 1,750-1,770 per quintal on tepid demand from consuming industries.
Jowar yellow and white too closed lower at Rs 1,600-1,650 and Rs 3,350-3,550 against last close of Rs 1,750-1,800 and Rs 3,500-3,700 per quintal.
On the other hand, rice basmati common and Pusa-1121 variety climbed to Rs 7,500-7,600 and Rs 6,000-7,400 from previous week's levels of Rs 7,200-7,300 and Rs 5,700-7,100 per quintal.
Non-basmati rice permal raw, wand, sela and IR-8 also edged up to Rs 2,275-2,300, Rs 2,400-2,450, Rs 3,100-3,200 and Rs 2,025-2,050 as compared to last close of Rs 2,200-2,250, Rs 2,300-2,400, Rs 3,000-3,100 and Rs 2,000-2,025 per quintal in step with rice basmati.
Pulses: Select pulses, led by gram and arhar, staged a
sharp recovery at the wholesale market during the week on emergence of buying by dal mills and stockists, driven by uptick in demand.
Marketmen said increased buying by dal mills and stockists following pick up in demand from retailers against restricted supplies from producing regions mainly attributed the recovery in gram, arhar and other pulses prices.
In the national capital, gram, gramdal local and best quality gained the most by surging Rs 400 each to Rs 5,500-5,700, Rs 6,400-6,700 and Rs 6,800-6,900 per quintal, respectively.
Kabuli gram small variety followed suit and surged by Rs 200 to Rs 8,900-9,400 per quintal.
Arhar and its dal dara variety also flared up by Rs 300 and Rs 400 to Rs 4,400 and Rs 6,300-8,100 per quintal.
In line with overall trend, urad and its dal chilka rose by Rs 100 each to Rs 5,800-6,400 and Rs 5,900-6,000 per quintal. Its dal best quality and dhoya followed suit and enquired higher by a similar margin to Rs 6,000-6,500 and Rs 6,400-6,600 per quintal.
Sugar: Weak conditions prevailed at the wholesale sugar
market in the national capital during the week with prices falling by up to Rs 50 per quintal, dragged down by increased supplies from mills amid fall in demand from stockists and bulk consumers.
Marketmen said ample stocks position on relentless supplies by mills coupled with reduced offtake by bulk consumers and retailers, led to the fall in sweetener prices.
Moreover, reports of a weak trend in sugar prices at overseas markets too dampened sentiments, they added.
In price section, sugar ready M-30 and S-30 fell from Rs 4,000-4,100 and Rs 3,990-4,090 to settle the week at Rs 3,980-4,050 and Rs 3,970-4,040, showing a decline of Rs 50 each per quintal.
Likewise, mill delivery M-30 and S-30 prices dropped from Rs 3,670-3,800 and Rs 3,660-3,790 to conclude the week at Rs 3,660-3,760 and Rs 3,650-3,750, revealing a net fall of Rs 40 each per quintal.
Coming to millgate section, sugar Mawana, Kinnoni, Asmoli, Dhanora and Sakoti dipped by Rs 40 each to end at Rs 3,690, Rs 3,760, Rs 3,730, Rs 3,680 and Rs 3,660 per quintal.
Sugar Budhaha, Thanabhavan and Dorala fell by Rs 25 each to Rs 3,695, Rs 3,690 and Rs 3,695 while Dhampur, Simbholi, Modinagar and Chandpur by Rs 20 each to Rs 3,660, Rs 3,740, Rs 3,680 and Rs 3,660 per quintal.
Prices of Ramala, Baghpat and Morna lost Rs 15 each to Rs 3,710, Rs 3,725 and Rs 3,715, while Nazibabad, Khatuli and Anupshaher also eased by Rs 10 each to Rs 3,710, Rs 3,740 and Rs 3,710 per quintal.
Jaggery: Dull conditions were seen at the wholesale gur
(Jaggery) market during the week with prices after moving in a tight range in the absence of worthwhile activity, closed at previous levels.
Muzaffarnagar and Muradnagar gur markets too depicted a similar trend with prices remaining flat at previous levels.
In Delhi, gur Chakku, Pedi, Dhayya and Shakkar prices remained flat at Rs 3,200-3,300, Rs 3,100-3,200, Rs 3,300-3,400 and Rs 3,500-3,600 per quintal.
At Muzaffarnagar, gur Chakku, Khurpa and Laddoo prices remained unaltered through the week at Rs 2,875-3,000, Rs 2,650-2,700 and Rs 2,900-2,950 per quintal.
Gur Raskat prices also remained steady at Rs 2,550-2,600 per quintal on adequate stocks position against restricted demand from beer makers.
Coming to Muradnagar, prices of gur pedi and dhayya remained unchanged at Rs 2,750-2,800 and Rs 2,800-2,850 per quintal.
Dryfruits: Dryfruit prices rose at the wholesale market
in the national capital during the week mainly on increased buying by stockists and retailers, triggered by ongoing wedding season.
Furthermore, tight stock position following restricted arrivals from producing regions and overseas markets also influenced the prices.
Sentiments turned better on increased offtake by stockists and retailers to meet ongoing wedding season demand.
Almond (California) prices rose by Rs 200 to Rs 17,200-17,400 per 40 kg, while its kernel went up by Rs 10 to settle at Rs 620-625 per kg.
Almond gurbandi and girdhi rose by Rs 100 each to Rs 12,100-12,200 and Rs 5,600-5,700 per 40 kg.
Chilgoza-roasted rose by Rs 50 to conclude at Rs 2,850-3,150 per kg.
Cashew kernel No 180, No 210, No 240 and No 320 and its broken (2, 4 and 8 pieces) rose by up to Rs 10 to close at Rs 1,070-1,080, Rs 950-960, Rs 910-920, Rs 780-790, Rs 730-775, 705-755 and Rs 610-665 per kg, respectively.
Kishmish Indian yellow and green went up by Rs 100 each at Rs 4,100-4,600 and Rs 4,600-8,100 per 40 kg.
Pistachio hairati and peshwari prices rose Rs 5 each to settle at Rs 1,455-1,505 and Rs 1,555-1,605 per kg, respectively.
Walnut and its kernel prices were also up by Rs 10 each to end at Rs 300-450 and Rs 810-1,460 per kg, respectively.
Kirana: Easy conditions continued unabated for yet
another week at the wholesale kirana market with prices of pepper and jeera declining on adequate stocks against subdued demand from local parties.
Marketmen said reduced offtake by retailers as well as exporters, as demand declined at existing levels amid anticipations of pick up in supplies on new season crops from the producing belts, mainly weighed on prices.
Black pepper prices drifted lower by Rs 10 to conclude at Rs 670-780 per kg.
Cardamom brown jhundiwali and kanchicut prices fell Rs 10 each to settle at Rs 770-790 and Rs 820-1,070 per kg.
Cardamom small varieties such as chitridar, colour robin, bold and extra bold traded lower by Rs 10 each to finish at Rs 1,390-1,490, Rs 1,310-1,330, Rs 1,340-1,360 and Rs 1,450-1,470 per kg, respectively.
Coriander eased by Rs 200 to conclude at Rs 6,800-13,300 per quintal.
Dry ginger and kalaunji traded lower at Rs 12,000-16,500 and Rs 13,000-14,000 as compared to last week's close of Rs 12,000-17,000 and Rs 14,000-15,000 per quintal.
Red chilli and turmeric declined Rs 100 each to conclude at Rs 6,400-15,900 and Rs 7,500-11,200 per quintal, respectively.
Jeera common and jeera best quality also fell up to Rs 500 to end at Rs 18,000-18,200 and Rs 20,000-20,500 per quintal, on subdued local and export demand.
On the other hand, mace-red increased up to Rs 80 to conclude at Rs 920-1,400 per kg.
Poppyseed (Turkey, U.P and MP-RAJ) prices also rose Rs 10 each to end at Rs 400-430, Rs 400-420 and Rs 430-455 per kg, respectively.
