Mixed trend continued at the wholesale oil and oilseeds market for the third straight week as select edible oils extended their upward mark on continued buying by vanaspati millers and retailers amid a firming global trend, while a few others remained subdued on adequate stocks.
A similar trend emerged in the non-edible section as linseed oil rose further on pick up in demand from paint industries, while castor oil traded lower on reduced offtake by consuming industries.
Marketmen said persistent buying by vanaspati units and retailers coupled with a firming global trend mainly kept select edible oil prices higher.
Globally, palm oil futures in Kuala Lumpur rose to 2,623 ringgit (USD 620) a metric tonne.
Meanwhile, vegetable oil import during the first quarter of the current oil year (November-October) rose by 17 per cent to 40.14 lakh tonnes due to higher imports of Palmolein oil.
In the national capital, groundnut mill delivery (Gujarat) remained in demand and advanced by Rs 150 to Rs 9,300 per quintal, groundnut solvent refined ruled flat at Rs 1,700-1,800 per tin on retailers demand.
Palmolein (RBD) and palmolein (Kandla) oils also edged up Rs 50 each to Rs 5,500 and Rs 5,450, per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and enquired higher by a similar margin to Rs 6,550 and Rs 6,250, while crude palm oil (ex-kandla) held steady at Rs 4,200 per quintal respectively.
On the other hand, mustard expeller (Dadri) oil shed Rs 25 to Rs 8,275 per quintal. Mustard pakki and kachi ghani oils traded at previous levels of Rs 1,300-1,350 and Rs 1,350-1,450 per tin.
Sesame mill delivery and cottonseed mill delivery (Haryana) oils also weakened by Rs 50 each at Rs 6,650 and Rs 5,650 per quintal, respectively.
In the non-edible section, linseed oil advanced by Rs 50 to Rs 9,150 per quintal on rising demand from paint industries, while castor oil eased by Rs 50 to Rs 9,350-9,450 per quintal on reduced industrial offtake.
Grains: Firm conditions persisted at the wholesale grains
market during the week as rice basmati and a few other bold grains strengthened on buying by stockists against restricted supplies from producing belts.
Wheat also inched up on increased offtake by flour mills.
Meanwhile, wheat output in India, the world's second biggest grower, is expected to rise by 8.42 per cent to 93.82 million tonnes in the 2015-16 crop year despite drought and warmer winter.
Traders said increased offtake by stockists against tight stocks position on restricted supplies from producing belts mainly kept basmati and a few other bold grains prices higher.
They said scattered enquiries from flour mills helped wheat prices to closed marginally up.
In the national capital, rice basmati common and Pusa-1121 variety surged to Rs 5,300-5,400 and Rs 4,050-4,950 from previous week's close of Rs 5,100-5,200 and Rs 3,800-4,700 per quintal, respectively.
Other bold grains like bajra, jowar yellow and white also ended higher at Rs 1,520-1,525, Rs 1,750-1,850 and Rs 3,300-3,400 from previous levels of Rs 1,430-1,435, 1,700-1,800 and Rs 3,200-3,300 per quintal, respectively.
Wheat dara (for mills) too edged up by Rs 5 to Rs 1,700-1,705 per quintal. Atta chakki delivery followed suit and enquired higher at Rs 1,710-1,715 from previous level of Rs 1,700-1,710 per 90 kg.
Pulses: Select pulses led by moong extended gains for the
second straight week at the wholesale market on increased buying stockists as well as retailers amid restricted supplies from producing regions.
However, arhar and its dal ended lower on adequate stocks against fall in demand at prevailing levels.
Traders said increased buying by stockists triggered by pick up in demand from retailers against tight stocks position following restricted supplies from producing regions mainly kept select pulses prices higher.
In the national capital, moong and its dal chilka local advanced by Rs 100 each to Rs 7,300-7,900 and Rs 7,900-8,300 per quintal, respectively. Its dal dhoya local and best quality followed suit and traded higher by a similar margin to Rs 8,300-8,800 and Rs 8,800-9,000 per quintal.
Masoor small and bold rose by Rs 50 each to Rs 4,800-5,050 and Rs 4,850-5,100 per quintal. Its dal local and best quality enquired higher by the same margin to Rs 5,550-6,050 and Rs 5,650-6,150 per quintal. Malka local and best quality gained Rs 50 each to Rs 5,750-6,250 and Rs 5,850-6,250 per quintal.
Rajmah chitra and moth also gain Rs 50 each to Rs 4,950-6,250 and Rs 5,350-5,750 per quintal respectively.
In line with general trend, gram, gramdal local and best quality were closed higher by Rs 100 each to Rs 4,800-5,200, Rs 5,000-5,300 and Rs 5,300-5,500 per quintal, respectively.
On the other hand, arhar lost Rs 200 at Rs 7,800, while its dal dara variety eased to Rs 10,800-12,500 against last close of Rs 10,800-12,800 per quintal respectively.
However, urad and its dal chilka moved in a tight range in limited deals and settled at previous week's level of Rs 8,800-11,500 and Rs 9,800-10,000 per quintal, respectively.
Its dal best quality and dhoya followed suit and held flat at Rs 9,900-10,500 and Rs 10,300-10,700 per quintal, respectively.
Sugar: The wholesale sugar market depicted a subdued
trend in the national capital during the week under review with prices falling up to Rs 100 per quintal, dragged down by ample stocks following supply pressure from millers amid slackened demand.
Marketmen attributed fall in the sweetener prices to mounting stocks in the markets following steady inflow of supplies from mills against muted demand from bulk consumers as well as retailers meanwhile halt in crushing by some mills in Uttar Pradesh limited the losses.
Moreover, reports of a weak trend in global markets as Brazilian currency depreciated against the US dollar, affecting country's exports, too weighed on sugar prices, they added.
Sugar Mill delivery M-30 and S-30 prices tumbled by Rs 100 each to finish for the week at Rs 2,960-3,080 and Rs 2,950-3,070 per quintal.
Similarly, sugar ready M-30 and S-30 prices plunged by Rs 70 each to end the week at Rs 3,200-3,300 and Rs 3,190-3,320 per quintal, respectively.
In the millgate section, sugar Chandpur recorded a steep fall of Rs 100 at Rs 2,960, followed by Asmoli, Dhanora and Dhampur by Rs 80 each at Rs 3,040, Rs 2,990 and Rs 3,000 per quintal, respectively.
Sugar Sakoti dropped by Rs 70 at Rs 3,000, Malakpur and Dorala lost Rs 60 each at Rs 3,010 and Rs 3,020 per quintal.
Mawana, Kinnoni and Simbholi slipped by Rs 50 each to Rs 3,030, Rs 3,080 and Rs 3,070, while Budhana, Thanabhavan, Khatuli and Morna dipped by Rs 3,040, Rs 3,030, Rs 3,070 and Rs 3,040 per quintal, respectively.
Likewise, Ramala, Anupshaher, Baghpat and Nazibabad declined by Rs 30 each at Rs 3,040, Rs 3,030, Rs 3,050 and Rs 3,030 per quintal, respectively.
Jaggery: Weak trend prevailed at the wholesale gur
(Jaggery) market in the national capital during the week with prices falling by Rs 100 per quintal following reduced offtake by stockists and retailers amid ample position of sugarcane.
Also, trend at Muazaffarnagar and Muradnagar markets remained weak and prices fell by up to Rs 100 per quintal.
Marketmen said ample position of sugarcane in the market and reduced offtake by stockists and retailers, mainly attributed fall in gur prices.
Muted demand from neighbouring states too kept pressure on prices, they added.
In Delhi, gur pedi and dhayya were down by Rs 100 each to settle the week at Rs 2,800-2,900 and Rs 2,900-3,000 per quintal.
However, gur Chakku and Shakkar prices were unaltered at Rs 2,800-2,900 and Rs 3,000-3,100 per quintal on sporadic demand.
In Muzaffarnagar, gur Khurpa and Laddoo prices dropped by Rs 50 each during the week to conclude at Rs 2,350-2,400 and Rs 2,450-2,500 per quintal.
Gur Raskat prices also dragged down by Rs 50 to finish the week at Rs 2,350-2,400 per quitnal on subdued demand from beer makers.
Although, chakku continued to trade at previous week's closing of at Rs 2,450-2,550 per quintal on little doing.
Coming to Muradnagar, gur pedi prices fell by Rs 100 during the week to end at Rs 2,400-2,500, while, Dhayya prices shrinked by Rs 50 at Rs 2,500-2,600 per quintal.
Dryfruits: Led by almond and pistachio, dry fruit prices
fell at the wholesale market during the past week on reduced offtake at existing higher levels against adequate stocks position.
Marketmen said fall in demand at prevailing levels against adequate stocks position mainly led to the fall in almond and other dry fruit prices.
Lower advices from producing regions too dampened the trading sentiment to some extent, they said.
Almond california prices tumbled by Rs 600 to conclude at Rs 17,700 per 40 kg and its kernel prices eased by Rs 10 to finish at Rs 640-650 per kg, respectively.
Almond gurbandi and girdhi (both inferior quality) drifted by Rs 100 each to settle at Rs 9,700-10,000 and Rs 6,500-7,000 per 40 kg.
Cashew kernel (No 180, 210, 240 and 230) declined Rs 5 each to end at Rs 755-765, Rs 655-665, Rs 620-625 and Rs 575-580, while its pieces (2, 4 or 8) placed lower at Rs 520-590, Rs 520-585 and Rs 485-545 per kg, as against the previous close of Rs 525-595, Rs 525-590 and Rs 490-550 per kg.
Copra (inferior quality) fell by Rs 200 to finish at Rs 12,200-14,000 per quintal.
Kishmish Indian yellow and green dropped to Rs 3,000-3,900 and Rs 3,700-7,200 from previous week's close of Rs 3,100-4,000 and Rs 3,800-7,300 per 40 kg.
Pistachio hairati and peshawari prices also eased by Rs 5 each to end at Rs 1,245-1,375 and Rs 1,370-1,395 per kg, respectively.
