THE wholesale prices of select edible oils fell in the national capital during the past week on increased supplies, triggered by record imports last month. However, palmolein (RBD) and rice bran (physical) oils strengthened on the back of pick up in demand. Selling pressure picked up after reports of record imports of vegetable oils in January and record output of mustard.
India, the second largest vegetable oil buyer in the world, made a record import of over nine lakh tonnes of the commodity last month, taking advantage of a sharp drop in global prices and on anticipation of imposition of import duty.
Import of vegetable oils, including edible and non-edible, rose by 78 per cent to 9,12,342 tonnes in January from 5,13,235 in a year-ago period. Soyabean refined mill delivery and soyabean degum (Delhi) oils came under some pressure and lost Rs 30 each at Rs 4,850 and Rs 4,650 per quintal respectively. Sesame mill delivery oil after remaining steady at the outset of the week on some support,met with some selling and ended the week Rs 30 down at Rs 4,650 per quintal.
Cottonseed mill delivery oil in tandem with weak trend also turned subdued and shed Rs 20 at Rs 4,150 per quintal. However, crude palm oil (exkandla) traded Rs 60 higher at Rs 2,860 per quintal, while rice bran (physical) shot up by Rs100 at Rs 3,500 per quintal. Palmolein (rbd) oil remained firm and gained Rs 50 at Rs 3,650 per quintal.
Mustard pakki and kachi ghani oils gained Rs 10 each at Rs 685-840 and Rs 840-925 per tin of 15 litre respectively on pick up in demand from local parties. Groundnut mill delivery and mustard expeller oils remained flat at Rs 5,100 and Rs 5,400 per quintal after moving in a tight range on subdued demand.
Towards the non-edible section, neem oil turned weak due to reduced demand from soap units and other consuming industries and lost Rs 50 at Rs 4,050-4,150 per quintal. Rice bran oil which remained flat at Rs 3,850-3,950 per quintal for the better part of the week, lacked necessary support and slipped by Rs 50 to close at Rs 3,800-3,900 per quintal.
KIRANA
Most of the spice prices fell on the wholesale kirana market in the national capital during the week under review on reduced off-take against adequate stocks positions. Increased arrivals from producing belts and subdued export demand due to global economic recession also put pressure on the prices.
Marketmen said apart from comfortable stocks position in the wholesale markets following increased supplies from producing belts, subdued export demand also attributed fall in the prices. Black pepper tumbled by Rs 400 to settle at Rs 12,800-13,000 per quintal on poor domestic and export demand.
Cardamom brown (Jhundiwali and Kanchicut) dropped by Rs 500 each to Rs 13,500-13,600 and Rs 15,500-18,500 per quintal on weak advises from Siliguri-a major producing centre of brown cardamom, while cardamom small varieties such as chitridar, colour robin and bold fell in the range of Rs 5-10 to Rs 450-510, Rs 490-500 and Rs 510-520 per kg respectively.
Cloves and mace-yellow declined up to Rs 15 to settle at Rs 265-315 and Rs 500-550 per kg respectively. Dhania and chilli lacked necessary buying support and declined up to Rs 500 to Rs 5,300-10,000 and Rs 5,200-7,600 per quintal respectively.
Poppyseed (Turkey, MP-RAJ and UP) prices fell by Rs 20 each to conclude at Rs 360, Rs 370-420 and Rs 320-330 per kg respectively on reports of internal sentiments in poppyseed remain weak following reports of higher acreage in India and other producing countries. Turmeric prices declined by Rs 300 to Rs 5,100-7,600 per quintal on reduce offtake. Watermelon kernel prices slipped by Rs 200 to Rs 11,500-11,800 per quintal on profit booking.
Jeera common and jeera best quality also drifted between Rs 300 to Rs 400 to conclude at Rs 10,800-11,200 and Rs 13,500-14,000 per quintal following expectation of arrivals of new crop from producing regions in Gujarat and Rajasthan. On the other hand, soanf prices spurted by Rs 300/500 to finish at Rs 5,500-8,500 per quintal on tight supply.
DRYFRUITS
The wholesale dry fruit prices closed sharply higher in the national capital during the week largely on the back of marriage season demand amid tight stocks following restricted arrivals from producing centres.
Almond (california) prices were up by Rs 200 to Rs 8,900 per 40 kg. Its kernel, too strengthened by Rs 5 to Rs 310-315 from previous week's close of Rs 305-310 per kg. Almond (gurbandi and girdhi) moved up by Rs 100 each to Rs 4,900 and Rs 3,000-3,100 per 40 kg bags respectively.
Chilgoza raw and roasted increased by Rs 10 each to conclude at Rs 530 and Rs 820 per kg respectively. Cashew kernel (No 180,210,240 and 320) surged up to Rs 5-10 to settle at Rs 460-465, Rs 405-430, Rs 360-365 and Rs 320-340 per kg respectively.
Cashew kernel broken (2, 4 and 8 pieces) rose by Rs 5 each to settle at Rs 235-275, Rs 225-270 and Rs 205-255 per kg respectively on higher export demand. Trading sentiments were strong mostly on marriage season demand against restricted arrivals. Kishmish Indian yellow and green rose by Rs 100 each to finish at Rs 2,500-3,500 and Rs 3,200-5,500 per 40 kg bags respectively on marriage season demand.
India, the second largest vegetable oil buyer in the world, made a record import of over nine lakh tonnes of the commodity last month, taking advantage of a sharp drop in global prices and on anticipation of imposition of import duty.
Import of vegetable oils, including edible and non-edible, rose by 78 per cent to 9,12,342 tonnes in January from 5,13,235 in a year-ago period. Soyabean refined mill delivery and soyabean degum (Delhi) oils came under some pressure and lost Rs 30 each at Rs 4,850 and Rs 4,650 per quintal respectively. Sesame mill delivery oil after remaining steady at the outset of the week on some support,met with some selling and ended the week Rs 30 down at Rs 4,650 per quintal.
Cottonseed mill delivery oil in tandem with weak trend also turned subdued and shed Rs 20 at Rs 4,150 per quintal. However, crude palm oil (exkandla) traded Rs 60 higher at Rs 2,860 per quintal, while rice bran (physical) shot up by Rs100 at Rs 3,500 per quintal. Palmolein (rbd) oil remained firm and gained Rs 50 at Rs 3,650 per quintal.
Mustard pakki and kachi ghani oils gained Rs 10 each at Rs 685-840 and Rs 840-925 per tin of 15 litre respectively on pick up in demand from local parties. Groundnut mill delivery and mustard expeller oils remained flat at Rs 5,100 and Rs 5,400 per quintal after moving in a tight range on subdued demand.
Towards the non-edible section, neem oil turned weak due to reduced demand from soap units and other consuming industries and lost Rs 50 at Rs 4,050-4,150 per quintal. Rice bran oil which remained flat at Rs 3,850-3,950 per quintal for the better part of the week, lacked necessary support and slipped by Rs 50 to close at Rs 3,800-3,900 per quintal.
KIRANA
Most of the spice prices fell on the wholesale kirana market in the national capital during the week under review on reduced off-take against adequate stocks positions. Increased arrivals from producing belts and subdued export demand due to global economic recession also put pressure on the prices.
Marketmen said apart from comfortable stocks position in the wholesale markets following increased supplies from producing belts, subdued export demand also attributed fall in the prices. Black pepper tumbled by Rs 400 to settle at Rs 12,800-13,000 per quintal on poor domestic and export demand.
Cardamom brown (Jhundiwali and Kanchicut) dropped by Rs 500 each to Rs 13,500-13,600 and Rs 15,500-18,500 per quintal on weak advises from Siliguri-a major producing centre of brown cardamom, while cardamom small varieties such as chitridar, colour robin and bold fell in the range of Rs 5-10 to Rs 450-510, Rs 490-500 and Rs 510-520 per kg respectively.
Cloves and mace-yellow declined up to Rs 15 to settle at Rs 265-315 and Rs 500-550 per kg respectively. Dhania and chilli lacked necessary buying support and declined up to Rs 500 to Rs 5,300-10,000 and Rs 5,200-7,600 per quintal respectively.
Poppyseed (Turkey, MP-RAJ and UP) prices fell by Rs 20 each to conclude at Rs 360, Rs 370-420 and Rs 320-330 per kg respectively on reports of internal sentiments in poppyseed remain weak following reports of higher acreage in India and other producing countries. Turmeric prices declined by Rs 300 to Rs 5,100-7,600 per quintal on reduce offtake. Watermelon kernel prices slipped by Rs 200 to Rs 11,500-11,800 per quintal on profit booking.
Jeera common and jeera best quality also drifted between Rs 300 to Rs 400 to conclude at Rs 10,800-11,200 and Rs 13,500-14,000 per quintal following expectation of arrivals of new crop from producing regions in Gujarat and Rajasthan. On the other hand, soanf prices spurted by Rs 300/500 to finish at Rs 5,500-8,500 per quintal on tight supply.
DRYFRUITS
The wholesale dry fruit prices closed sharply higher in the national capital during the week largely on the back of marriage season demand amid tight stocks following restricted arrivals from producing centres.
Almond (california) prices were up by Rs 200 to Rs 8,900 per 40 kg. Its kernel, too strengthened by Rs 5 to Rs 310-315 from previous week's close of Rs 305-310 per kg. Almond (gurbandi and girdhi) moved up by Rs 100 each to Rs 4,900 and Rs 3,000-3,100 per 40 kg bags respectively.
Chilgoza raw and roasted increased by Rs 10 each to conclude at Rs 530 and Rs 820 per kg respectively. Cashew kernel (No 180,210,240 and 320) surged up to Rs 5-10 to settle at Rs 460-465, Rs 405-430, Rs 360-365 and Rs 320-340 per kg respectively.
Cashew kernel broken (2, 4 and 8 pieces) rose by Rs 5 each to settle at Rs 235-275, Rs 225-270 and Rs 205-255 per kg respectively on higher export demand. Trading sentiments were strong mostly on marriage season demand against restricted arrivals. Kishmish Indian yellow and green rose by Rs 100 each to finish at Rs 2,500-3,500 and Rs 3,200-5,500 per 40 kg bags respectively on marriage season demand.
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