Grains and pulses: Pulses fell back substantially on lower demand and expected arrivals whereas wheat improved on better demand on the local grains and pulses market.
Following downtrend advices from Maharashtra and Madhya Pradesh coupled with no export demand from Sri Lanka and expected import from Canada, masoor dropped Rs 20 at Rs 1,725 a quintal.
Gram Rajasthani lacked in dal millers demand and fell by Rs 10 to Rs 2,055 a quintal. In moong, the market was expecting new crop arrivals from Karnataka by the month end, hence, prices of superior UP and Bihar moong fell by Rs 100 to Rs 2,700 a quintal.
Improved arrivals of around 2500 bags in moong also reduced the prices. On the other hand, Rangooni urad improved by Rs 15 to Rs 2,240 on advices from Mumbai where it firmed to Rs 2,075 a quintal. In grains, wheat dara improved by Rs 3 to Rs. 593/603 a quintal on demand from flour millers and lower fresh arrivals at around 6000 bags.
According to traders, prices improved also on news of wheat loaded from Uttar Pradesh for Maharashtra and other southern markets. In coarse grains, barley fell by Rs 10/20 to Rs 400/415 a quintal on lower demand f rom beer and malt units while others were unchanged in limited deals.
Oil and oilseeds: Edible oils extended gains on the local oil and oilseeds market on tight supplies and firm overseas advices. According to traders, because of lower output of mustard and sunflower seed, the supply of domestic oils has declined substantially and import also have been affected due to inquiries against under billing going on in edible oils import. Besides, palmolein in Indonesia was reported stable at $265 per tonne.
Hence, groundnut, mustard, sesame and soyabean mill delivery oils firmed further by Rs 30/50 a quintal. The demand from vanaspati and edible oils is expected to continue upto August on account of Sharwani festival.
Gur and sugar: Mill delivery sugar fell back while gur prices rose steeply on the local market in different conditions. In sugar, the export demand remained weak as no fresh deals were made despite Indian sugar prices in the global market declining from $252 to $248 per tonne.
Moreover, there were apprehensions of an increase in open sale quota. Most of the millers quoted their prices, therefore, lower by Rs 5 per quintal.
Mawana was offered at Rs 1,520, Douralla Rs 1,455/1,465 and Simbhauli Rs 1,460 with limited deals. Spot prices also were unchanged. Gur shot upto Rs 1,480/1,550 from the previous Rs 1,450/1,525 on lower stock and rising festival demand.
Spices and dry fruits: Clove declined by Rs 20 to Rs 525 a kg on the local spices and dry fruits market on stockists selling and black pepper golden dropped Rs 4/5 per kg on overseas advices and increased production. Elsewhere, cardamom small colour robin dipped by Rs 5 per kg due to expected arrivals. Zeera shot up further by Rs 100 on account of decreased arrivals.
In dry fruits, an easy trend was noticed as more arrivals was expected from Afghanistan. However, kishmish deshi yellow and green shot up by Rs 500 to Rs 3,500 and Rs 4,000 per 40 kgs on stock shortage reported in Maharashtra.
Bullion: Both the precious metals eased on the local bullion market on lower demand and overseas advices.
Gold biscuit and standard fell further by Rs 10 to Rs 4,400 and Rs 4,410 per 10 gram as local and upcountry jewellers buying declined due to off-wedding season. In London, gold prices were unchanged at $270 per ounce. The arrivals in gold were around 400-500 kgs yesterday.
In silver, as London reported prices downward from 432 to 431 cents an ounce and imported silver arrivals yesterday increased to around 3000 kg against sporadic demand from local and upcountry jewellers, spot silver fell further to Rs 7,185 from previous close of Rs 7,205 a kg. Silver delivery dropped Rs 20 at Rs 7,210 a kg.
