Weak conditions emerged at the oils and oilseeds market during the week as select edible oils ended lower owing to slackened demand from vanaspati millers against adequate stocks position.
Linseed and castor oils, in the non-edible section, also showed a weak trend due to reduced offtake by consuming industries.
Traders said apart from sluggish demand from vanaspati millers and retailers at prevailing levels, adequate stocks position on higher supplies from producing regions mainly kept pressure on select edible oil prices.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils fell by Rs 100 and Rs 50 to Rs 8,100 and Rs 5,950 per quintal, respectively.
Palmolein (RBD) and palmolein (Kandla) oils also weakened by Rs 50 each to Rs 5,900 and Rs 5,950, per quintal, respectively.
In tune with overall trends, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too finished lower by a similar margin to Rs 6,800 and Rs 6,500 per quintal, respectively.
In the non-edible section, linseed oil shed Rs 50 at Rs 9,650 per quintal on lack of demand from paint industries.
Castor oil also softened by Rs 50 to Rs 9,550-9,650 per quintal on reduced industrial offtake.
Grains: Prices of wheat and rice basmati extended gains
for the second straight week at the wholesale grains market following increased offtake coupled with restricted supplies from producing regions.
Other bold grains also finished higher on rising demand from consuming industries.
Traders said increased offtake by flour mills amid decline in arrivals from producing belts mainly kept wheat prices higher.
Rising demand from retailers amid pause in supplies from producing belts led to the rise in rice basmati prices, they said.
In the national capital, wheat dara (for mills) edged up to Rs 1,690-1,695 from previous level of Rs 1,655-1,660 per quintal. Wheat deshi rose by Rs 25 to Rs 2,225-2,575 per quintal.
Atta chakki delivery followed suit and traded higher at Rs 1,695-1,700 against last week's close of Rs 1,660-1,665 per 90 kg.
Atta flour mills, maida and sooji settled higher at Rs 890-900, Rs 970-980 and Rs 1,000-1,020 as compared to previous levels of Rs 850-860, Rs 930-950 and Rs 980-990 per 50 kg, respectively largely in line with a firm trend in wheat.
Rice basmati common and Pusa-1121 variety also went up to Rs 5,800-5,900 and Rs 4,700-5,550 against last close of Rs 5,600-5,700 and Rs 4,550-5,400 per quintal, respectively.
Non-basmati rice permal raw, wand, sela and IR-8 were placed higher at Rs 1,925-1,975, Rs 2,100-2,150, Rs 2,600-2,700 and Rs 1,800-1,825 instead of Rs 1,900-1,950, Rs 2,075-2,125, Rs 2,400-2,500 and Rs 1,775-1,800 per quintal, respectively in sympathy with rice basmati trend.
Other bold grains like bajra, maize and barley finished in positive zone at Rs 1,630-1,635, Rs 1,500-1,510 and Rs 1,620-1,625 against last levels of Rs 1,600-1,605, Rs 1,450-1,460 and Rs 1,610-1,615 per quintal, respectively.
Jowar yellow and white closed higher at Rs 1,850-1,950 and Rs 3,500-3,600 against previous levels of Rs 1,800-1,900 and Rs 3,400-3,500 per quintal, respectively.
Pulses: A mixed pattern of trading emerged at the
wholesale market during the week with prices of select pulses, led by arhar, drifting lower owing to muted demand from retailers at prevailing levels against adequate stocks on higher supplies, while few other rising on pause in supplies.
Traders said easing demand from retailers at prevailing levels against ample stocks on higher supplies from growing regions amid the government's measures to check rising prices, mainly weighed on arhar and moong prices.
In the national capital, arhar and its dal dara variety suffered the most by plunging Rs 300 each to Rs 8,700 and Rs 11,600-13,300 per quintal, respectively.
Moong and its dal chilka local moved down by Rs 200 each to Rs 6,700-7,400 and Rs 7,200-7,600 per quintal, respectively. Its dal dhoya local and best quality followed suit and enquired lower by a similar margin to Rs 7,600-8,100 and Rs 8,100-8,300 per quintal, respectively.
Masoor small and bold shed Rs 50 each to Rs 5,950-6,200 and Rs 6,000-6,200 per quintal, respectively. Its dal local and best quality traded lower by the same margin to Rs 6,500-7,000 and Rs 6,600-7,100 per quintal, respectively. Moth lost Rs 100 at Rs 5,500-5,900 per quintal.
On the other hand, gram, gram dal local and best quality advanced to Rs 5,900-6,400, Rs 6,200-6,500 and Rs 6,650-6,750 from previous levels of Rs 5,700-6,200, Rs 5,700-6,000 and Rs 6,150-6,250 per quintal, respectively.
Besin Shaktibhog and Rajdhani quoted higher at Rs 2,800 each instead of Rs 2,500 per 35 kg bag, respectively.
Urad and its dal chilka local was up by Rs 100 each to Rs 11,000-12,700 and Rs 11,300-11,500 per quintal.
Its dal best quality and dhoya followed suit and enquired higher by a similar margin to end at 11,400-12,000 and Rs 11,800-12,200 per quintal, respectively.
Sugar: Sugar prices continued to rise for the second
straight week at the wholesale market in the national capital today, largely on the back of sustained demand from bulk consumers, driven by ongoing summer season and prices rose by up to Rs 60 per quintal.
Besides, reports of lower output too buoyed trading sentiments.
Marketmen attributed the rise in sweetener prices to strong demand from bulk consumers, retailers as well as stockists, triggered by summer season.
Pause in supplies from millers and a firm trend at the futures markets too supported the upside in sugar prices, they added.
Sugar mill delivery M-30 and S-30 prices strengthened to finish at Rs 3,400-3,480 and Rs 3,390-3,470 as compared to previous week's close of Rs 3,340-3,440 and Rs 3,320-3,430, extending gains by Rs 60 per quintal.
On similar lines, sugar ready M-30 and S-30 also traded higher at Rs 3,690-3,760 and Rs 3,680-3750 as compared from last week's closing levels of Rs 3,650-3,730 and Rs 3,640-3,720, Thus, showing a rise of up to Rs 30 each per quintal.
In the millgate section, sugar Anupshaher and Baghpat gained the most by rising Rs 60 each at Rs 3,400 and Rs 3,420 per quintal.
Also, sugar Budhana, Thanabhavan, Ramala, Morna, Sakoti and Nazibabad climbed by Rs 50 each to Rs 3,430, Rs 3,420, Rs 3,400, Rs 3,410, Rs 3,420 and Rs 3,400 per quintal, respectively.
Sugar Kinnoni, Dhanora, Simbholi, Chandpur and Khatuli rose by Rs 40 each at Rs 3,480, Rs 3,410, Rs 3,470, Rs 3,400 and Rs 3,470 per quintal.
Similarly, Mawana, Asmoli, Malakpur, Dorala and Dhampur spurted by Rs 30 each at Rs 3,440, Rs 3,450, Rs 3,410, Rs 3,430 and Rs 3,410 per quintal.
Jaggery: Buoyant conditions prevailed at the wholesale gur
(Jaggery) market in the national capital during the week mostly backed up by speculative buying of stockists and retailers, driven by paucity of stocks and prices rose by Rs 200 per quintal.
Muzaffarnagar gur markets too exhibited a firm trend with prices rallied by up to Rs 225 per quintal on the back of scarcity of stocks against better demand.
Marketmen said the rise in gur prices was mostly attributed to negligible arrivals from manufacturing belts due to steep fall in production on adverse weather conditions.
Besides, surge in demand from stockists and retailers also supported the uptrend, they added.
In Delhi, gur chakku prices shot up by Rs 200 to finish the week at Rs 3,400-3,500 per quintal.
Meanwhile, gur Pedi, Dhayya and Shakkar prices were unaltered at Rs 3,400-3,500, Rs 3,600-3,700 and Rs 3,700-3,800 per quintal on some support.
At Muzaffarnagar, gur Khurpa spurted from last week's close of Rs 2,700-2,750 to settle at Rs 2,925-2,950.
Likewise, laddoo prices were higher at Rs 3,000-3,050 as compared to previous week's close of Rs 2,850-2,950, showing a rise of Rs 150 per quintal.
However, gur chakku prices remained flat at last week's closing of Rs 2,675-3,025 per quintal on sporadic demand.
Gur Raskat remained unchanged at Rs 2,500-2,550 per quintal on sustained buying by beer makers.
Coming to Muradnagar, prices of gur pedi and dhayya after moving in a tight range on little doing, settled steady at Rs 3,025-3,125 and Rs 3,150-3,175 per quintal.
Dryfruits: Prices of almond and walnut declined at the
wholesale dryfruits market in the national capital during the week owing to reduced offtake by stockists following fall in demand from local parties at existing higher prices.
Furthermore, increased arrivals from overseas markets also put pressure on the prices.
Sentiment turned weak owing to reduced offtake by stockists following fall in demand from local parties at prevailing higher prices.
Almond California prices fell by Rs 100 to end the week at Rs 15,300-15,400 per 40 kg, while its kernel traded lower by Rs 5 at Rs 540-550 per kg.
Almond gurbani and girdhi (both superior quality) fell by Rs 100 each to conclude at Rs 10,000-10,100 and 5,600-5,700 per 40 kg, respectively.
Cashew kernel (No 180, 210, 240 and 230) prices were down by Rs 5 each per kg to finish at Rs 890-915, Rs 815-840, Rs 690-715 and Rs 650-665 and its broken (2, 4 and 8 pieces) also declined Rs 5 each to conclude at Rs 565-665, Rs 530-640 and Rs 540-615 per kg, respectively.
Copra fell Rs 200 to finish at Rs 10,000-12,300 per quintal.
Kishmish Indian yellow and green traded Rs 100 lower at Rs 2,700-4,400 and Rs 4,900-8,900 per 40 kg bag.
Pistachio hairati and peshawari eased by Rs 5 to finish at Rs 1,175-1,225 and Rs 1,370-1,395 per kg, respectively.
Walnut and its kernel prices also declined by Rs 10 to end at Rs 240-390 and Rs 790-1,040 per kg.
Kirana: Wholesale prices of select spices fell during the
week on selling by stockists against slowdown in buying activity at prevailing levels and closed with widespread losses.
Sentiments turned weak owing to adequate stocks position following increased arrivals from producing belts.
Marketmen said reduced offtake by retailers as well as exporters as demand eased at existing levels, weighed on prices.
Black pepper prices declined Rs 5 to conclude at Rs 710-850 per kg.
Cardamom brown jhundiwali and kanchicut fell by Rs 10 each to finish at Rs 1,370-1,380 and Rs 1,420-1,600 per kg, respectively.
Cardamom small varieties such as chitridar, colour robin, bold and extra bold shed Rs 5 each to Rs 565-745, Rs 575-585, Rs 595-620 and Rs 695-725 per kg, respectively.
Cloves and chirounji prices eased up to Rs 50 to close at Rs 550-670 and Rs 550-650 per kg, respectively.
Coriander prices declined by Rs 100 to conclude at Rs 7,500-13,800 per quintal.
Dry ginger and kalaunji prices slipped to Rs 15,500-20,500 and Rs 22,000-22,500 from last week's close of Rs 16,000-21,000 and Rs 22,500-23,000 per quintal, respectively.
Mace-red (superior quality) drifted by Rs 20 to Rs 720-920 per kg.
Poppyseed (Turkey, China and MP-RAJ) prices fell by Rs 10 each to settle at Rs 270-290, Rs 290-340 and Rs 310-340 per kg, respectively.
Red chilli and turmeric declined up to Rs 200 to conclude at Rs 11,200-19,400 and Rs 9,500-13,000 per quintal.
Jeera common and jeera best quality also fell by Rs 200 each to end at Rs 16,800-16,800 and Rs 18,800-19,300 per quintal.
Bullion: Tracking a weak trend overseas and muted demand from jewellers at domestic spot market, gold prices cracked below the Rs 30,000-mark to end almost one-month low at Rs 29,650 per 10 gram at the bullion market during the week.
Silver also slumped below the 40,000-mark at Rs 39,900 per kg due to poor offtake by industrial units and coin makers.
Bullion traders said sentiments remained bearish in step with a weak trend overseas amid speculation that the Federal Reserve will raise interest rates as soon as next month, curbing the appeal of precious metals.
Besides, sluggish demand from jewellers and retailers too weighed on the precious metal prices, they said.
Globally, gold is down 1.6 per cent for the week in New York.
In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week slightly higher at Rs 30,050 and Rs 29,900 per 10 gram, respectively on scattered buying support.
Later, it met with resistance at prevailing higher levels along with weak global cues and plunged to close nearly one-month low at Rs 29,650 and Rs 29,500 per 10 gram, respectively, a level last seen on April 23. The precious metals recorded a fall of Rs 375 each.
Sovereign also lost Rs 200 at Rs 23,100 per piece of eight gram.
In a similar fashion, silver ready also went below the Rs 40,000-mark by tumbling Rs 1,025 to close at Rs 39,900 per kg and weekly-based delivery finished the week down by Rs 1,170 to Rs 39,840 per kg.
In line with overall trends, silver coins too plummeted by Rs 2,000 to Rs 67,000 for buying and Rs 68,000 for selling of 100 pieces.
