Select edible oil prices strengthened at the wholesale oil and oilseeds market during the week on increased buying by vanaspati millers, triggered by ongoing wedding season demand from retailers against tight supplies.
However, non-edible oils ended lower owing to muted demand from consuming industries.
Traders said uptick in demand from vanaspati millers and retailers, driven by ongoing wedding season against tight stocks position on fall in supplies from producing regions mainly led to rise in select edible oil prices.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils edged up by Rs 50 each to Rs 8,450 and Rs 6,800 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also went up by Rs 50 each to Rs 6,950 and Rs 6,650 per quintal respectively.
However, palmolein (RBD) and palmolein (Kandla) oils after moving both ways on alternate bouts of buying and selling, finally settled at previous levels of 6,300 and Rs 6,350 per quintal, respectively.
On the other hand, groundnut mill delivery (Gujarat) oil slipped by Rs 100 to Rs 9,900 per quintal.
In the non-edible section, linseed oil declined by Rs 50 to Rs 9,850 per quintal on lack of demand from paints industries.
Castor oil also finished lower by a similar margin to Rs 9,750-9,850 per quintal on reduced offtake by consuming indutries.
Grains: In a mixed pattern of trading, rice basmati
remained higher for yet another week at the wholesale grains market on the back of surging demand against tight stocks position on fall in supplies from producing regions.
However, wheat dropped further due to reduced offtake by flour mills against adequate stocks position on increased supplies from producing regions.
Expectations of bumper crop this season also weighed on wheat prices, they said.
A few bold grains also finished lower on muted demand from consuming industries.
Marketmen said besides rising domestic and exports demand, tight stocks position in the market on fall in supplies from producing regions mainly kept rice basmati prices higher.
In the national capital, rice basmati Pusa-1121 basmati common variety remained in demand and advanced to Rs 6,100-7,500 and Rs 7,300-7,500 from previous level of Rs 5,800-7,200 and Rs 7,100-7,300 per quintal, respectively.
On the other hand, wheat (desi) and wheat dara (for mills) slipped to Rs 2,730-3,030 and Rs 1,960-1,970 from previous levels of Rs 2,800-3,100 and Rs 2,030-2,040 per quintal, respectively.
Atta chakki delivery followed suit and eased to Rs 1,970-2,000 against last close of 2,040-2,070 per per 90 kg.
Atta flour mills and maida also ended lower at Rs 1,070-1,080 and Rs 1,160-1,170 as compared to previous levels of Rs 1,120-1,130 and Rs 1,190-1,200 per 50 kg respectively in line with a wheat trend.
Other bold grains like bajra and maize also declined by Rs 30 each to Rs 1,430-1,470 and Rs 1,580-1,590 per quintal respectively.
Pulses: The wholesale pulses depicted a mixed trend during
the week as prices of gram and kabuli gram plunged by Rs 400 per quintal owing to slackened demand at prevailing levels against adequate stocks position on improved supplies.
However, rajmah, urad, masoor and malka ended higher on scattered demand.
Marketmen said ample stocks position following increased supplies from producing regions against drop in demand from retailers at prevailing levels, mainly kept pressure on gram and kabuli gram prices.
In the national capital, gram, gramdal local and best quality suffered the most by sliding Rs 400 each to Rs Rs 5,400-5,600, Rs 6,300-6,600 and Rs 6,700-6,800 per quintal respectively.
Kabli gram small variety followed suit and dropped by a similar margin to Rs 9,000-9,500 per quintal.
Besan Shaktibhog and Rajdhani quoted lower at Rs 2,800 each instead of Rs 3,000 each per 35 kg bag.
Moong and its dal chilka (local) also declined by Rs 100 each to Rs 4,900-5,100 and Rs 5,400-5,600 per quintal. Its dal dhoya local and best quality traded lower by a similar margin to Rs 6,000-6,500 and Rs 6,500-6,700 per quintal. Moth shed Rs 100 at Rs 3,600-4,000 per quintal.
On the other hand, rajmah chitra rose by Rs 100 to Rs 7,500-10,300 per quintal.
Urad and its dal chilka recovered by Rs 100 each to Rs 6,000-6,600 and Rs 6,100-6,200 per quintal. Its dal best quality and dhoya enquired higher by a similar margin to Rs 6,200-6,700 and Rs 6,600-6,800 per quintal.
Masoor small and bold edged up by Rs 100 each to Rs 4,700-4,850 and Rs 4,750-4,950 per quintal. Its dal local and best quality traded higher by a similar margin to Rs 5,000-5,500 and Rs 5,100-5,600 per quintal. Malka local and best quality too gained Rs 100 each to Rs 5,300-5,500 and Rs 5,400-5,600 per quintal.
Lobia which remained steady for the major part of week, met with retailers demand at the fag-end and finished higher by Rs 200 to Rs 5,600-5,800 per quintal.
Meanwhile, arhar and its dal dara variety moved both ways on alternate bouts of buying and selling and settled at previous levels of Rs 4,650 and Rs 6,500-8,300 per quintal.
SUGAR: Firm conditions remained intact for yet another
week at the wholesale sugar market in the national capital with prices rising further by Rs 30 per quintal on increased buying by stockists and bulk consumers coupled with tight supplies from mills following lower output estimates.
Marketmen said increased buying by stockists and bulk consumers, driven by ongoing wedding season and pause in supplies by millers mainly attributed rise in the sweetener prices.
Besides, a firm trend at the futures markets supported the uptick in prices, they added.
In the price section, sugar ready M-30 and S-30 enquired higher further by Rs 10 each to settle the week at Rs 4,050-4,130 and Rs 4,040-4,120 per quintal.
Likewise, mill delivery M-30 and S-30 prices rose by another Rs 30 each to end the week at Rs 3,730-3,810 and Rs 3,720-3,800 per quintal.
In the millgate section, sugar among price section, sugar Asmoli, Simbholi and Ramala rose by Rs 20 each at Rs 3,810, Rs 3,800 and Rs 3,730 per quintal.
Sugar Nazibabad, Mawana, Kinnoni, Dhampur, Anupshaher, Morna and Chandpur also inched higher by Rs 10 each to settle at Rs 3,720, Rs 3,760, Rs 3,810, Rs 3,730,Rs 3,720, Rs 3,730 and Rs 3,720 per quintal respectively.
JAGGERY: There was no change in the pattern of trading
at the wholesale gur (jaggery) market during the week with prices after moving in a tight range in the absence of any worthwhile activity, closed around previous levels.
Arrivals and offtake too at a low ebb and volume of business also dropped considerably.
Prices of gur Chakku, Dhayya, Pedi and Shakkar remained unaltered through out the week at Rs 3,300-3,400, Rs 3,500-3,600, Rs 3,300-3,400 and Rs 3,600-3,700 per quintal respectively.
On the other hand, Muzaffarnagar gur market witnessed a downward trend on weak demand amid fresh supplies, registered losses up to Rs 100 per quintal.
Marketmen said absence of demand amid fresh arrivals from manufacturing belts, largely pulled down gur prices in Muzaffarnagar.
Lower advices from adjoining states too dampened trading sentiments in Muradnagar gur market, they added.
At Muzaffarnagar, gur Khurpa dropped to settle at Rs 2,850-2,950 from previous week's close of Rs 2,950-3,000 per quintal.
Laddoo prices also slipped to end the week at Rs 2,925-3,000 as against last week's close of Rs 3,000-3,050, showing a fall of Rs 75 per quintal, while gur Chakku prices remained unaltered at Rs 3,000-3,100 per quintal.
Gur Raskat prices also ruled flat at Rs 2,700-2,750 on scattered demand from beer makers.
And in Muradnagar, gur Pedi and Dhayya in thin trading also settled flat at last week's closing levels of Rs 2,925-3,000 and Rs 3,000-3,050 per quintal.
