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Refined palmolein prices continued to gain at the oils and oilseeds market here today due to good stockist and retail demand.
Meanwhile, groundnut oil held steady on lack of any worthwhile buying.
Castorseeds bold and castoroil commercial rallied further on the back of robust demand from shippers and soap industries. Linseed oil maintained its stable trend in the absence of market moving factors.
In the futures market, castorseeds advanced due to higher overseas demand.
In the edible segment, refined palmolein edged up Rs 2 for 10 kg to Rs 544 from Friday’s closing level of Rs 542.
Groundnut oil closed unchanged at Rs 965 per 10 kg.
In the non-edible section, castorseed bold rallied by Rs 50 per 100 kg to Rs 4,850 from Rs 4,800 and castoroil commercial rose by Rs 10 per 10 kg to Rs 1,000 compared with Rs 990.
In futures, castorseeds for September delivery resumed higher at Rs 4,747 and strengthened further to Rs 4,790 before closing at Rs 4,775 from Rs 4,730 previously, showing gain of Rs 45 a tonne.
Grains stay steady
NEW DELHI: After remaining steady for the major part of the week, fag-end buying by stockists pushed up rice basmati and non-basmati rice prices on the wholesale grains market.
However, bajra, jowar and barley showed weakness on supply pressure from producing belts.
Analysts said fag-end buying by stockists on hopes of a rise in demand, helped rice basmati and non-basmati prices to go up.
They said, however, sufficient stocks, following increased supplies from producing regions, kept pressure on prices of other bold grains, they said.
In the Capital, rice basmati common and Pusa-1121 varieties which remained steady in the major part of week, met with fresh buying and rose by Rs 100 each to Rs 5,300-5400 and Rs 4,300-5,100 a quintal, respectively.
Non-basmati rice permal raw rose Rs 25 to Rs 1,800-1,850 while sela and IR-8 traded higher by Rs 50 each to Rs 2,100-2,150 and Rs 1,700-1,750 per quintal, respectively in line with rice basmati trend.
On the other hand, bajra fell Rs 90 to Rs 940-950 and barley shed Rs 10 to Rs 1,160-1,185 per quintal. Jowar yellow and white also moved down by Rs 75 and Rs 50 to Rs 900-970 and Rs 1,725-1,825 per quintal, respectively.
Pulses : Mixed conditions developed in the wholesale pulses market during the past week as select pulses led by gram rose on fresh buying by stockists and retailers, while a few others remained weak on adequate stocks positions.
Traders said fresh buying by stockists and retailers amid fall in arrivals from producing belts mainly led to rise in select wholesale pulse prices.
However, they said adequate stocks position against lack of buying support helped other prices to trade lower.
Meanwhile, state-owned trading firm MMTC invited bids for the sale of 3,650 tonnes of pulses further influenced market sentiment, they added.
In the national capital, gram rose Rs 125 to Rs 2,800-2,825 and its dal local and best quality moved up by Rs 75 and Rs 150 to Rs 3,200-3,215 and Rs 3,400-3,500 per quintal, respectively.
Lobia hardened by Rs 200 to Rs 4,900-5,400, while peas white and green edged up by Rs 75 each to Rs 2,300-2,400 and Rs 2,450-2,650 per quintal, respectively.
On the other hand, urad and its dal chilka local declined by Rs 50 and Rs 120 to Rs 3,800-4,200 and Rs 4,580-4,980 per quintal, respectively. Its dal best quality and dhoya lost Rs 100 each at Rs 5,200-5,700 and Rs 5,050-5,150 per quintal, respectively.
Moong and its dal chilka local shed Rs 30 each to Rs 3,950-4,950 a quintal, respectively.
Masoor small and bold prices fell Rs 100 each to Rs 2,600-2,800 and Rs 2,750-3,000, while its dal best quality traded lower by the same margin to Rs 3,400-3,700 per quintal, respectively.
Sugar : An easy tendency developed in the wholesale sugar market during the week under review, following adequate stocks position on the back of fresh supply from mills, registered losses up to Rs 25 a quintal.
Reports of bumper sugarcane crop production this year further put pressure on the sweetener’s prices.
Sugar ready medium and second grade prices dropped from last week’s close of Rs 2,950-3,100 and Rs 2,925-3,050 to Rs 2,925-3,075 and Rs 2,900-3,025 per quintal, respectively.
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