Amid muted demand from millers as well as retailers and higher supplies from growing belts, edible oil prices drifted at the wholesale oils and oilseeds market during the week.
A few oils in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said apart from tepid demand from retailers and vanaspati millers, adequate stocks position on higher supplies from producing regions kept edible oil prices lower.
In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils declined by Rs 50 each to Rs 9,050 and Rs 5,800 per quintal, respectively.
In line with overall trends, sesame mill delivery oil also dropped by Rs 200 to Rs 7,400, while mustard expeller (Dadri) oil declined by Rs 100 to Rs 8,750 per quintal, respectively.
Mustard pakki and kachi ghani oils also eased by Rs 50 to Rs 1,450-1,500 and Rs 1,500-1,600 per tin.
In line with overall trend, Palmolein (rbd) and Palmolein (Kandla) oils too traded lower by Rs 50 each to Rs 5,300 and Rs 5,250 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils dropped by Rs 100 each to Rs 6,600 and Rs 6,300 per quintal, respectively.
In the non-edible section, castor oil fell by Rs 100 to Rs 9,500-9,600 per quintal on reduced industrial offtake.
Linseed oil weakened by Rs 50 to Rs 9,050 per quintal on lack of demand from paint industries.
Grains: In a mixed pattern of trading, rice basmati fell
further at the wholesale grains market during the week owing to sluggish demand from retailers against adequate stock position.
However, a few other bold grains firmed up on increased offtake by consuming industries against restricted supplies from producing belts.
Traders said tepid demand from retailers against ample stocks on higher supplies from producing regions mainly kept pressure on rice basmati prices.
They said, however, increased demand from consuming industries against restricted supplies from producing areas led to rise in few other bold grain prices.
In the national capital, rice basmati common and Pusa-1121 variety eased further to Rs 5,300-5,400 and Rs 4,000-4,700 against last week's close of Rs 5,600-5,700 and Rs 4,300-5,000 per quintal, respectively.
Non-basmati rice permal raw, wand and sela followed suit and settled lower at Rs 1,925-1,975, Rs 2,150-2,200 and Rs 2,500-2,600 from previous levels of Rs 1,950-2,000, Rs 2,200-2,275 and Rs 2,750-2,850 per quintal.
On the other hand, other bold grains like bajra and maize moved up to close higher at Rs 1,430-1,435 and Rs 1,730-1,750 as compared to previous close of Rs 1,380-1,385 and Rs 1,630-1,650 per quintal, respectively.
Jowar yellow and white also rose by Rs 100 each to Rs 1,650-1,750 and Rs 3,150-3,250 per quintal, respectively.
Barley too edged up by Rs 10 to Rs 1,460-1,470 per quintal.
However, wheat deshi and wheat dara (for mills) remained steady at Rs 2,000-2,600 and Rs 1,675-1,705 per quintal, respectively in limited deals.
Pulses: Select pulses, led by arhar extended losses for
yet another week at the wholesale market on adequate stocks following improved supplies, driven by a series of steps taken by the government including curbs on hoardings of stocks to check spiraling prices and offloading of seized stocks in the markets.
Moreover, pick up in sowing of pulses and muted demand at current levels too weighed on prices.
Marketmen said ample stocks in the market after various steps including curbs on hoarding of pulses stocks by the government, mainly kept pressure on pulse prices.
Meanwhile, government has offloaded over 1.12 lakh tonnes of pulses, seized from hoarders, in the retail market to improve availability and tame prices.
Fearing rise in dal prices even next year, Food and Consumer Affairs Minister Ram Vilas Paswan asked the Commerce Ministry to direct trading firms such as MMTC and STC to start importing and boost domestic supply, influenced the sentiment.
In the national capital, arhar and its dal dara variety remained under pressure and drifted further to Rs 8,700 and Rs 12,500-14,500 from previous week's close of Rs 9,000 and Rs 12,800-14,800 per quintal, respectively.
Moong and its dal chilka local shed Rs 50 each at Rs 6,950-7,550 and Rs 7,550-7,950 per quintal, respectively. Its dal dhoya local and best quality followed suit and traded lower by a similar margin to Rs 7,900-8,400 and Rs 8,400-8,600 per quintal.
Masoor small and bold softened by Rs 50 each to Rs 5,500-6,500 and Rs 5,550-6,550 per quintal, respectively. Its dal local and best quality enquired lower by the same margin to Rs 6,750-6,950 and Rs 6,850-7,050 per quintal, respectively.
Malka local and best quality weakened by Rs 50 each to Rs 6,550-7,050 and Rs 6,650-7,050 per quintal, respectively.
In line with overall trend, gram, gram dal local and best quality slipped to Rs 4,800-5,400, Rs 5,150-5,450 and Rs 5,350-5,650 against last close of Rs 5,100-5,650, Rs 5,300-5,600 and Rs 5,500-5,800 per quintal, respectively.
Besign Shaktibhog and Rajdhani finished lower at Rs 2,220 each from previous week's close of Rs 2,330 per 35 kg bag, respectively.
Rajmah chitra too ended lower by Rs 50 to Rs 4,850-6,250 per quintal.
However, urad edged up to Rs 8,950-9,950 from previous level of Rs 8,900-9,900 per quintal on scattered buying. Whereas, its dal chilka local, best quality and dhoya held steady at Rs 10,000-10,200, Rs 10,100-10,700 and Rs 10,500-10,900 per quintal, respectively.
Sugar: Supported by pick up in demand from bulk consumers
as well as retailers, sugar prices recovered to close notably higher at the wholesale market in the national capital during the week.
Moreover, pause in supplies from millers too influenced sweetener prices.
Traders said besides upsurge in demand from retailers and bulk consumers, fall in supplies from millers attributed the rise in sugar prices.
Reports of a firming trend in global markets also supported the upside.
Sugar ready M-30 and S-30 climbed to Rs 3,200-3,400 and Rs 3,190-3,390 on day-to-day buying activity from previous week's close of Rs 3,060-3,200 and Rs 3,050-3,190 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and surged to Rs 2,980-3,240 and Rs 2,970-3,230 from previous week's closing of Rs 2,820-3,060 and Rs 2,810-3,050 per quintal, respectively.
In the millgate section, sugar Mawana, Kinnoni, Asmoli, Dorala and Budhana shot up to Rs 3,140, Rs 3,240, Rs 3,230, Rs 3,140 and Rs 3,140 from previous levels of Rs 2,960, Rs 3,060, Rs 3,060, Rs 2,960 and Rs 2,960 per quintal, respectively.
Thanabhavan, Dhanora, Simbholi, Khatauli, Dhampur and Ramala were quoted higher at Rs 3,130, Rs 3,110, Rs 3,230, Rs 3,190, Rs 3,090 and Rs 2,990 instead of Rs 2,950, Rs 2,900, Rs 3,040, Rs 3,000, Rs 2,900 and Rs 2,800 per quintal, respectively.
Anupshaher, Baghpat, Morna, Sakoti, Chandpur, Nazibabad and Malakpur too finished higher at Rs 2,980, Rs 3,000, Rs 3,000, Rs 3,090, Rs 3,080, Rs 2,990 and Rs 3,070 as compared to previous close of Rs 2,890, Rs 2,810, Rs 2,800, Rs 2,920, Rs 2,840, Rs 2,800 and Rs 2,880 per quintal, respectively.
Jaggery: A steady to easy trend was noticed at the
wholesale jaggery market during the week as gur prices in the national capital held steady on scattered buying against adequate stocks, while prices of gur in Muzaffarnagar and Muradnagar declined due to muted demand.
Traders said scattered buying or selling by local parties mainly kept gur prices steady.
At Delhi, gur chakku and pedi moved in a narrow range in limited deals throughout the week and settled around previous levels of Rs 2,750-2,850 and Rs 3,000-3,100 per quintal, respectively.
Dhayya and shakkar followed suit and ended the week at last levels of Rs 3,100-3,200 each per quintal.
In Muzaffarnagar, gur chakku and laddo fell to Rs 2,450-2,650 and Rs 2,550-2,800 from previous week's close of Rs 2,500-2,750 and Rs 2,650-2,800 per quintal, respectively.
At Muradnagar, gur pedi and dhayya also eased to Rs 2,550-2,625 and Rs 2,600-2,650 as against last close of Rs 2,600-2,650 and Rs 2,650-2,700 per quintal, respectively.
Dryfruits: Dryfruit prices rose at the wholesale market
in the national capital during the week largely on increased buying by stockists and retailers, supported by rising domestic and export demand.
Tight stocks following restricted arrivals from producing regions and overseas markets too influenced prices.
Sentiment remained firm mostly on increased offtake by stockists and retailers, triggered by domestic and export demand, market participants said.
Almond gurbandi and girdhi prices were higher by Rs 100 each to conclude at Rs 10,100-10,300 and Rs 5,800-6,100 per 40 kg, respectively.
Cashew kernel No 180, No 210, No 240 and No 320 rose up to Rs 20 to conclude at Rs 760-765, Rs 665-670, Rs 640-645 and Rs 600-605 per kg, respectively.
Its broken pieces (2, 4 and 8 pieces) gained Rs 5 each at Rs 525-590, Rs 525-595 and Rs 480-545 per kg, respectively.
Copra prices increased by Rs 200 to conclude at Rs 10,700-15,700 per quintal.
Coconut powder traded higher at Rs 2,600-2,700 against previous closing of Rs 2,500-2,600 per 25 kg.
Kishmish Indian yellow and green rose by Rs 100 each to finish at Rs 3,100-4,100 and Rs 4,600-9,100 per 40 kg.
Pistachio hairati and peshwari prices also rose by Rs 5 each to ended at Rs 1,230-1,330 and Rs 1,380-1,405 per kg, respectively.
Kirana: Select spices depicted a weak trend in the local
wholesale market during the week on stockists selling against slackened demand at prevailing high levels.
The sentiment turned weak on adequate stocks position following increased arrivals from producing belts.
Black pepper prices declined Rs 10 to conclude at Rs 660-855 per kg.
Cardamom brown jhundiwali and kanchicut drifted by Rs 20 each to finish at Rs 1,220-1,240 and Rs 1,270-1,580 per kg, respectively.
Cardamom small varieties such as chitridar, colour robin, bold and extra bold fell by Rs 5 each to Rs 500-625, Rs 525-535, Rs 560-570 and Rs 600-610 per kg, respectively.
Coriander slipped to Rs 7,000-13,800 from last week's close of Rs 7,200-14,000 per quintal.
Dry ginger and kalaunji prices declined by Rs 500 each to finish at Rs 15,000-20,500 and Rs 20,000-20,500 per quintal.
Mace red and yellow prices dropped by Rs 10 each to conclude at Rs 740-1,050 and Rs 1,050-1,060 per kg.
Poppyseed (Turkey, China and MP-RAJ) prices eased by Rs 10 each to close at Rs 320-350, Rs 320-340 and Rs 340-380 per kg, respectively.
Red chilli and turmeric prices declined up to Rs 300 to conclude at Rs 9,800-18,800 and Rs 9,800-13,500 per quintal, respectively.
Jeera common and jeera best quality also fell by Rs 100 each to end at Rs 15,700-15,900 and Rs 17,600-18,100 per quintal, respectively.
Bullion: Trading remained standstill at the bullion
market for yet another week as a large number jewellers and bullion traders across the country continued their over one-month old strike against the budgetary proposal to levy one per cent excise duty on non-silver jewellery.
Jewellers have also been protesting against mandatory quoting of PAN by customers for transaction of Rs 2 lakh and above.
Many jewellery houses in cities such as Delhi, Mumbai and Kolkata have been closed since March 2 after Finance Minister Arun Jaitley announced 1 per cent excise duty on non-silver jewellery in the Budget.
In Mumbai, barring a few branded showrooms, nearly 90 per cent jewellery shops remained shut.
However, Tamil Nadu struck a contrarian note, where most jewellery showrooms were open for regular trading.
The government, in the meantime, has constituted a panel under former Chief Economic Advisor Ashok Lahiri to look into the set of demand of jewellers.
The sub-committee, which has been asked to submit its report in 60 days, will look into issues related to the compliance procedure for the excise duty, including records to be maintained, forms to be filled, operating procedures and other relevant aspects.
The government, in the Budget for 2016-17, had proposed 1 per cent excise duty on jewellery without input credit or 12.5 per cent with input tax credit on jewellery excluding silver other than those studded with diamonds and precious stones.
