Edible oils extended gains for yet another week at the wholesale oil and oilseeds market following increased buying by vanaspati millers against restricted supplies from producing belts.
A few oils in the non-edible section, also showed strength on increased offtake from consuming industries.
Market remained closed on Wednesday on account of 'Mahavir Jayanti'.
Marketmen said persistent buying by vanaspati mills to meet rising demand from retailers amid restricted supplies from producing regions mainly kept edible oil prices higher.
Firming trend overseas also influenced the sentiment, they said.
In the national capital, groundnut mill delivery (Gujarat) oil advanced by Rs 100 to Rs 10,200 per quintal, while groundnut solvent refined shot up by Rs 100 to Rs 1,850-1,950 per tin.
Mustard expeller (Dadri) oil moved up by Rs 100 to Rs 8,200 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs 50 each to Rs 1,300-1,350 and Rs 1,350-1,450 per tin.
Sesame mill delivery and cottonseed mill delivery (Haryana) oils also ended higher by Rs 100 and Rs 50 to Rs 7,200 and Rs 6,000 per quintal, respectively.
In line with overall trend, palmolein (RBD) and palmolein (Kandla) oils edged up by Rs 50 each to Rs 5,950 and Rs 6,000 per quintal, respectively on global cues.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and finished higher by Rs 100 each to Rs 6,850 and Rs 6,550 per quintal, respectively.
Among non-edible oils, castor went up by Rs 50 to Rs 9,600-9,700 per quintal due to increased industrial offtake.
Linseed oil also found buying support from paint industries and closed higher by Rs 75 to Rs 9,375 per quintal.
Grains: The wholesale grains market displayed a firm trend
during the week as prices of rice basmati and wheat rose on increased buying by stockists and flour mills, driven by pick up in demand against restricted supplies from producing belts.
Barley also ended higher on increased offtake by consuming industries.
Traders said continued buying by stockists and flour mills, triggered by pick up in demand against restricted supplies from producing belts mainly kept rice basmati and wheat prices up.
In the national capital, rice basmati common and Pusa-1121 variety remained in demand and strengthened to Rs 6,000-6,100 and Rs 4,800-5,800 from previous levels of Rs 5,900-6,000 and Rs 4,650-5,700 per quintal, respectively.
Wheat dara (for mills) also edged up to Rs 1,635-1,640 from previous level of Rs 1,610-1,615 per quintal on increased offtake by flour mills. Atta chakki delivery traded higher at Rs 1,640-1,645 per 90 kg.
Atta flour mills, maida and sooji also finished higher at Rs 860-870, Rs 950-970 and Rs 1,030-1,040 against last close of Rs 850-860, Rs 930-940 and Rs 1,010-1,025 per 50 kg, respectively.
Other bold grains like, barley climbed to Rs 1,500-1,505 against last close of Rs 1,425-1,430 per quintal.
Pulses: Mixed conditions prevailed at the wholesale pulses
market during the week as select pulses led by arhar drifted down on improved supplies from producing regions after the government's measures to check soaring prices and a few others remained up on scattered buying.
Marketmen said improvement in supplies after the Centre asked the state governments to take strict action against traders hoarding pulses, mainly pulled down select pulse prices.
They said fall in demand from retailers at prevailing higher levels also weighed on sentiment.
Meanwhile, the government will release 10,000 tonnes of pulses from its buffer stocks to boost supply in the domestic market and check any price rise.
The Centre has also directed the state governments to keep a close watch on the prices and to take stringent action against hoarding of the commodity.
In the national capital, arhar and its dal dara variety dropped by Rs 300 each to Rs 9,200 and Rs 12,100-13,800 per quintal, respectively.
Masoor small and bold also fell by Rs 200 each to Rs 5,600-6,000 and Rs 5,750-6,050 per quintal respectively. Its dal local and best quality traded lower by a similar margin to Rs 6,450-6,950 and Rs 6,550-7,050 per quintal, respectively.
Kabli gram small variety too finished lower by Rs 100 to Rs 6,800-8,600 per quintal.
On the other hand, urad and its dal chilka local rose by Rs 200 each to Rs 10,700-13,000 and Rs 11,500-11,700 per quintal. Its dal best quality and dhoya followed suit and equired higher by a similar margin to Rs 11,600-12,200 and Rs 12,000-12,400 per quintal, respectively.
Gram edged up by Rs 50 to Rs 5,200-5,750 per quintal. Its dal local and best quality finished higher at Rs 5,500-5,800 and Rs 5,920-6,030 from previous levels of Rs 5,420-5,720 and Rs 5,840-5,950 per quintal. Rajmah chitra inched up by Rs 50 to Rs 5,500-6,800 per quinal.
Sugar: Sweetener prices rose by up to Rs 50 per quintal at
the wholesale market in the national capital during the week under review, supported by buying by stockists and bulk consumers.
Moreover, pause in supplies from millers also influenced sweetener prices.
Marketmen said pick up in buying by stockists and bulk consumers such as soft-drink and ice-cream makers amid thin supplies from mills, mainly attributed the rise in sugar prices.
Reports of a firm trend in global market too positively impacted sentiments here, they said.
Sugar mill delivery M-30 and S-30 traded higher at Rs 3,440-3,520 and Rs 3,430-3,510 from previous week's closing of Rs 3,400-3,500 and Rs 3,390 and Rs 3,490, Thus, showing a rise of Rs 40 each per quintal.
Similarly, sugar ready M-30 and S-30 traded advanced from last week's closing levels of Rs 3,680-3,780 and Rs 3,670-3,770 to finish the week at Rs 3,700-3,800 and Rs 3,690-3,790, adding Rs 20 per quintal each.
In the millgate including duty section, sugar Dorala, Dhanora, Khatuli, Ramala, Baghpat, Anupshaher, Morna, Nazibabad and malakpur rose by Rs 50 each to settle at Rs 3,480, Rs 3,450, Rs 3,500, Rs 3,490, Rs 3,500, Rs 3,490, Rs 3,500, Rs 3,490 and Rs 3,460 per quintal, respectively.
Sugar Mawana, Budhana, Thanabhavan, Dhampur, Simbholi and Chandpur edged higher by Rs 40 each to Rs 3,480, Rs 3,460, Rs 3,450, Rs 3,400, Rs 3,500 and Rs 3,440 per quintal.
Meanwhile, prices of Kinnoni and Asmoli up by Rs 20 each to Rs 3,520 and Rs 3,480 per quintal.
Jaggery: Steady to firm conditions prevailed at the
wholesale gur (Jaggery) market in the national capital during the week under review with prices rising by Rs 100 per quintal following tight stocks and other gur qualities maintained at last week's level on scattered buying support.
At Muradnagar market, gur pedi and dhayya prices also registered a rise of Rs 100 per quintal in gur pedi and Dhayya on paucity of stocks following negligible arrivals.
Meanwhile, Muzaffarnagar gur market remained steady throughout the week on sporadic demand.
Market experts said buying by stockist and retailers amid thin arrivals from manufacturing belts, mainly pushed up gur pedi prices at Delhi and Dhayya and Pedi in Muradnagar markets were also up.
In Delhi, gur pedi attracted buyers attention against paucity of stocks and settled higher at Rs 3,400-3,500 as against previous week's close of Rs 3,300-3,400, rising by Rs 100 per quintal.
Gur chakku, dhayya and shakkar prices remained flat throughout the week on some support at Rs 3,100-3,200, Rs 3,500-3,600 and Rs 3,600-3,700 per quintal.
At Muradnagar, gur pedi and Dhayya prices enquired higher at Rs 3,025-3,125 and Rs 3,150-3,175 from previous week's closing level of Rs 3,000-3,050 and Rs 3,050-3,100, rising up to Rs 100 per quintal.
However, Muzaffarnagar gur market remained flat following small demand amid adequate stocks position and prices of Raskat, Chakku, Khurpa and Laddo were unchanged at Rs 2,500-2,550, Rs 2,675-3,025, Rs 2,750-2,825 and Rs 2,850-3,050 per quintal.
Dry Fruits: Supported by ongoing wedding season demand,
prices of select dry fruits surged at the wholesale market in the national capital during the week.
Apart from paucity of stocks, increased buying by stockists and retailers to meet ongoing marriage season demand mainly attributed the rise in select dry fruit prices, marketmen said.
Almond (California) prices rose by Rs 200 to Rs 15,300-15,500 per 40 kg, while its kernel spurted to Rs 550-560 from previous closing of Rs 530-540 per kg.
Almond gurbandi and girdhi prices were up by Rs 100 each to conclude at Rs 10,100-10,300 and Rs 5,800-6,100 per 40 kg.
Cashew kernel No 180, No 210, No 240 and No 320 traded higher at Rs 900-925, Rs 825-850, Rs 725-750 and Rs 675-700 against previous week's closing of Rs 775-780, Rs 685-700, Rs 660-665 and Rs 610-615 per kg, respectively.
Its broken pieces (2, 4 and 8) increased up to Rs 100 at Rs 600-700, Rs 570-650 and Rs 550-650 per kg, respectively.
Copra prices rose by Rs 200 to close at Rs 10,700-13,700 per quintal.
Kishmish Indian yellow and green prices were up by Rs 300 each to finish at Rs 3,600-4,600 and Rs 5,100-9,100 per 40 kg bag, respectively.
Pistachio hairati and peshwari prices rose by Rs 5 each to settle at Rs 1,230-1,330 and Rs 1,380-1,425 per kg, respectively.
Walnut and its kernel prices also increased by Rs 10 each to end at Rs 210-390 and Rs 735-1,010 per kg, respectively.
Kirana: In a mixed pattern of trading, pepper and jeera
prices rose in the national capital during the week on increased buying by stockists and retailers, driven by domestic and export demand while a few others remained weak owing to slackened demand against adequate stocks.
Traders said increased buying by stockists and retailers against tight arrivals from producing regions mainly pushed up pepper and jeera prices.
Adequate stocks position against lack of buying support helped other spices remained weak, they said.
Black pepper prices rose by Rs 10 to conclude at Rs 740-870 per kg on brisk buying by exporters.
Cardamom prices such as chitridar, robin, bold and extra bold increased up to Rs 35 to settle at Rs 550-670, Rs 550-560, Rs 580-600 and Rs 680-690 per kg, respectively.
Cloves and chirounji prices traded higher at Rs 580-600 and Rs 600-700 against previous closing of Rs 555-565 and Rs 590-695 per kg, respectively.
Mace- red and yellow - rose up to Rs 30 to conclude at Rs 750-1,040 and Rs 1,030-1,040 per kg, respectively.
Nutmeg traded higher at Rs 480-490 from previous mark of Rs 455-470 per kg.
Poppyseed (Turkey, China and MP-RAJ) inched up by Rs 10 each to finish at Rs 410-460, Rs 400-450 and Rs 420-470 per kg, respectively.
Jeera common and jeera best also traded higher by Rs 100 each to end at Rs 16,200-16,400 and Rs 18,200-18,700 per quintal, respectively.
On the other hand, red chilli and turmeric prices declined by up to Rs 700 to finish at Rs 9,400-18,400 and Rs 9,800-13,300 per quintal.
Coriander and kalaunji (both superior) quality also moved down up to Rs 500 to end at Rs 7,400-13,900 and Rs 22,000-22,500 per quintal, respectively.
Bullion: Riding on positive global cues and increased buying by jewellers at the domestic markets to meet ongoing wedding season demand, gold and silver registered rise in their prices at the bullion market during the week.
Market remained closed on Wednesday on account of 'Mahavir Jayanti'.
Bullion traders said besides a firming trend in global market on bets that policy makers will be slow to raise the US interest rates, raising demand for the safe-haven assets, persistent buying by jewellers and retail customers to meet the ongoing wedding season demand, mainly led to the rise in the precious metals prices.
Globally, gold climbed to five-week high of USD 1,270.38 during the week but settled the week at USD 1,232.20 an ounce in New York.
Meanwhile, the government said on Friday a panel headed by former Chief Economic Advisor Ashok Lahiri will look into the grievances of jewellers with regard to compliance and operating procedures for payment of excise duty on jewellery.
In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week higher at Rs 29,550 and Rs 29,400 per ten grams, respectively and surged to Rs 29,900 and Rs 29,750 on increased buying from jewellers to meet the wedding season demand amid firm global cues.
Later, it met with resistance at prevailing higher level and slipped to close at Rs 29,575 and Rs 29,425 per ten grams respectively, still showing a gain of Rs 145 each.
Sovereign also went up by Rs 200 to Rs 23,200 per piece of eight gram on retailers buying.
In volatile movements on alternate bouts of buying and selling, silver ready ended above Rs 40,000-mark by surging Rs 1,500 at Rs 40,200 per kg. During he week, it climbed to Rs 40,900 per kg on Thursday.
Similarly, silver weekly-based delivery closed Rs 1,480 higher at Rs 39,985 per kg, after spurting to Rs 41,230 per kg.
Silver coins too sky-rocketted by Rs 6,000 to Rs 64,000 for buying and Rs 65,000 for selling of 100 pieces on upsurge in marriage season demand.
