Edible oil prices show mixed trend

The wholesale oil and oilseeds market ended on a mixed note during the week as select edible oils drifted lower owing to slackened demand against adequate stocks position while a few others strengthened on scattered buying from retailers.
Castor oil in non-edible section, slipped due to reduced offtake by consuming industries.
Marketmen said fall in demand against adequate stock position mainly led to decline in select edible oil prices.
However, mild demand from retailers helped some other edible oils to end higher, they said.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 300 to Rs 13,600 per quintal. Groundnut solvent refined, however, held steady at Rs 1,950-2,000 per tin on some support.

Mustard expeller (Dadri) oil also shed Rs 50 to Rs 8,700 per quintal.

On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 100 each to Rs 6,900 and Rs 6,600 per quintal, respectively.
Palmolein (RBD) and palmolein (Kandla) oils edged up by a similar margin to Rs 6,200 and Rs 6,250 per quintal, respectively.
Grains: Prices of rice basmati and a few other bold grains
extended losses for yet another week at the wholesale grains market on sluggish demand against adequate stocks position.
Traders said muted demand from retailers against ample stocks position mainly kept pressure on rice basmati prices.

Reduced offtake by consuming industries kept few other bold grains prices lower, they said.
In the national capital, rice basmati common and Pusa-1121 variety drifted lower by Rs 100 each to Rs 4,700-4,900 and Rs 3,900-4,700 per quintal, respectively.
Other bold grains like bajra slipped to Rs 1,330-1,335 from previous level of Rs 1,435-1,440 per quintal.
Jowar yellow and white settled lower at Rs 1,850-1,950 and Rs 3,500-3,700 as compared to previous week's close of Rs 1,900-2,000 and Rs 3,550-3,700 per quintal, respectively.
Maize also weakened by Rs 5 to Rs 1,530-1,535 per quintal.
Pulses: The wholesale pulses market displayed a mixed

trend during the week with the prices of select pulses continuing to slide on ample stocks position after the government took steps to curb rising prices while a few others edged up on scattered demand.
Traders said adequate stocks position following increased supplies from producing regions amid the government's measures to check rising prices mainly kept pressure on select pulses prices.
However, mild demand from retailers led to rise in other pulses, they said.
Meanwhile, the government had directed procurement agencies, including NAFED, to buy tur, urad and moong directly from farmers in all producing states for creating buffer stock to supply lentils at cheaper rates.

In the national capital, urad and its dal chilka local dropped to Rs 8,000-9,100 and Rs 8,200-8,300 from previous levels of Rs 8,700-9,800 and Rs 8,900-9,000 per quintal, respectively. Its dal best quality and dhoya followed suit and slipped to Rs 8,300-8,800 and Rs 8,700-9,000 against last close of Rs 9,000-9,500 and Rs 9,400-9,700 per quintal.
Moong and its dal chilka local declined by Rs 200 each to Rs 4,700-5,200 and Rs 5,200-5,600 per quintal. Its dal dhoya local and best traded lower by a similar margin to Rs 5,600-6,100 and Rs 6,100-6,300 per quintal, respectively.
Moth and kabli gram small variety also eased by Rs 200 and Rs 100 to Rs 4,200-4,600 and 8,800-9,200 per quintal, respectively.

On the other hand, gram, gram dal local and best quality strengthened to Rs 8,000-8,200, Rs 8,400-8,600 and Rs 8,700-8,800 from previous week's close of Rs 7,400-7,600, Rs 7,800-8,000 and Rs 8,100-8,200 per quintal, respectively on sustained speculative buying.
Arhar and its dal dara variety also advanced by Rs 500 each to Rs 6,600 and Rs 9,300-11,000 per quintal, respectively.
Jaggery: Steady conditions developed at the wholesale gur
(Jaggery) market in the national capital during the week as prices continued to move in a tight range in the absence of worthwhile moving activities and rested on last week's closing levels.

Barring a fall of Rs 100 per quintal in gur chakku at Muzaffarnagar due to muted demand amid fresh supplies from manufacturing belts, rest other gur varieties in Muzaffarnagar and Muradnagar remained unaltered.
Marketmen said the fall in gur chakku at Muzaffarnagar was largely witnessing due to fresh arrivals from manufacturing belts against weak offtake.
Elsewhere, another gur varieties at Delhi, Muzaffarnagar, Muradnagar somewhat managed to hold last week's closing levels on little demand amid thin supplies, they added.
In Delhi, gur Chakku, Pedi, Dhayya and Shakkar prices ruled flat throughout the week at Rs 3,900-4,000, Rs 4,000-4,100, Rs 4,100-4,200 and Rs 4,200-4,300 per quintal, respectively.

In Muzaffarnagar, gur chakku prices declined from last week's closing levels of Rs 3,500-3,600 to settle at Rs 3,425-3,500, showing a fall by up to Rs 100 per quintal.
Meanwhile, gur raskat prices remained quiet at Rs 3,400-3,450 per quintal on sporadic demand from beer makers.
In Muradnagar, gur pedi prices ended same on last week's closing levels of Rs 3,700-3,800 per quintal.
Dryfruits: Led by almond and pistachio, dryfruit prices
edged higher at the wholesale market during the period on fresh 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 (California) prices rose by Rs 600 to Rs 17,000- 17,200 per 40 kg, while its kernel went up to Rs 610-620 from previous closing of Rs 590-595 per kg.
Almond gurbandi and girdhi prices were higher by Rs 100 each to conclude at Rs 11,400-11,700 and Rs 5,600-5,800 per 40 kg, respectively.
Cashew kernel No 180, No 210, No 240 and No 320 spurted up to Rs 60 to settle at Rs 1,050-1,070, Rs 950-970, Rs 850- 870 and Rs 770-790 per kg, respectively.

Its broken pieces (2, 4 and 8) also gained up to Rs 10 to close at Rs 650-700, Rs 625-685 and Rs 570-650 per kg, respectively.
Copra prices increased by Rs 100 to conclude at Rs 8,500-10,500 per quintal.
Coconut powder traded higher at Rs 2,700-2,800 against previous closing of Rs 2,650-2,750 per 25 kg.
Kishmish Indian yellow and green rose by Rs 100 each to finish at Rs 2,900-4,600 and Rs 5,100-9,100 per 40 kg.
Kirana: Prices of select spices declined in the national
capital during the week under review, dragged down by slowing buying activity amid fall in demand and closed with wide losses.

Besides, subdued domestic and export demand put pressure on prices of select spices, traders said.
Black pepper prices fell by Rs 5 to close at Rs 715-845 per kg on lack of demand from overseas buyers.
Cloves traded lower at Rs 500-610 against previous closing of Rs 510-620 per kg.
Cinnamon declined by Rs 5 to conclude at Rs 160-170 per kg.
Coriander quoted lower at Rs 8,200-13,500 against previous week's mark of Rs 8,300-14,100 per quintal.
Dry ginger and kalaunji prices fell by Rs 500 each to settle at Rs 14,000-19,000 and Rs 19,000-19,500 per quintal, respectively.
Mace -- red and yellow -- traded lower at Rs 710-950 and Rs 1,050-1,060 against previous week's closing of Rs 730-965 and Rs 1,055-1,065 per kg, respectively.

Red chilli and turmeric prices declined up to Rs 300 to finish at Rs 9,400-18,400 and Rs 8,100-11,900 per quintal, respectively.
Jeera common and jeera best quality also fell by Rs 100 each to end at Rs 18,600-18,800 and Rs 20,900-21,400 per quintal, respectively.
On the other hand, cardamom brown -- Jhundiwali and Kanchicut -- rose up to Rs 50 to conclude at Rs 1,080-1,190 and Rs 1,150-1,400 per kg and cardamom small varieties such as chitridar, colour robin, bold and extra bold surged up to Rs 55 to conclude at Rs 855-955, Rs 790-800, Rs 850-870 and Rs 880-910 per kg, respectively.

Sugar: Sugar prices experienced a firm trend at the
wholesale market in the national capital during the week under review on the back of robust demand from retailers, stockists and bulk consumers ahead of festive season, driven by lower output, registered net gains by up to Rs 80 per quintal.
Marketmen said a spurt in demand from retailers, stockists and bulk consumers ahead of festive season amid tight supplies from mills, mainly pushed up sugar prices.
On the other hand, the government and co-operative mills prices revealed a downtrend on constant supplies from mills.
Non-stop supplies from the government and cooperative mills kept these mills prices lower, according to market source.

To check unnatural increase in sweetener prices, the government had last week imposed a stock holdings limits on sugar mills.
Sugar ready M-30 and S-30 prices spurted by Rs 80 each to finish the week at Rs 3,900-4,000 and Rs 3,890-3,990 per quintal.
Likewise, sugar mill delivery M-30 and S-30 prices surged by same margins of Rs 80 each to conclude the week at Rs 3,550-3,690 and Rs 3,540-3,680 per quintal.
In millgate section, sugar Kinnoni and Asmoli climbed up by Rs 80 each to end at Rs 3,690 and Rs 3,650, while Simbholi and Khatuli hardened by Rs 70 each to Rs 3,680 and Rs 3,660 per quintal.

Sugar Dorala, Chandpur, Budhana, Sakoti, Thanabhavan and Dhampur rose by Rs 50 each to Rs 3,600, Rs 3,570, Rs 3,600, Rs 3,590, Rs 3,600 and Rs 3,560 per quintal, respectively.
Sugar Dhanora and Mawana also moved up by Rs 60 and Rs 40 to finish at Rs 3,600 and Rs 3,630 per quintal.
Bullion: Gold prices recovered at the bullion market
during the week on increased buying by jewellers to meet retailers demand driven by festive season at domestic spot market amid a firming global trend.
Silver, however, finished lower on reduced offtake by industrial units and coin makers.
Bullion traders said increased buying by jewellers to meet festive season demand from retailers amid a firm global trend mainly led to recovery in gold prices.

In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week higher at Rs 31,050 and Rs 30,900 and climbed to 30-month high of Rs 31,550 and Rs 31,400 per 10 gram respectively on global cues, a level last seen on February 26, 2014.
Later, it met with resistance at prevailing levels and slipped to close at Rs 31,150 and Rs 31,000 per 10 gram respectively, still showing a rise of 150 each.
Sovereign, also went up by Rs 100 to Rs 24,400 per piece of eight gram.
In volatile movements on alternate bouts of buying or selling, silver ready ended the week lower by Rs 100 to Rs 45,800 per kg.

Silver week-based delivery, however, recaptured the Rs 46,000-mark by surging Rs 715 to closed at Rs 46,195 per kg on speculative buying.
On the other hand, silver coins, maintained a steady trend at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.