The wholesale gur (jaggery) prices depicted a firm tendency in the national capital during the week on restricted supply from manufacturing areas of Uttar Pradesh coupled with increased demand from retailers and stockist. Marketmen said stockist and retailers were enlarging their stocks in view of fall in output of sugar-cane production, which pushed up the prices.
Reports that a fall in sugarcane crops production in Uttar Pradesh, Maharashtra and Gujarat, mainly
fuelled the uptrend.
Gur chakku rose from Rs.1900-2000 to Rs.1950-2000 per quintal, gur pedi and dhayya moved higher from Rs.1900-2000 and Rs 1,950-2,000 to end the week at Rs.1900-2050 and Rs.2000-2050 per quintal respectively. Shakkar also settled higher at Rs.2100-2150 as compared to the last week's close of Rs.2050-2100 per quintal.
In Muzzafar Nagar, similar trend noticed and gur khurpa improved from Rs.1675-1725 to Rs.1675-1750 per quintal. While, gur raskat and chakku remained quiet throughout the week on some support at Rs.1675-1725 and Rs.1800-1900 per quintal respectively.
At Murad Nagar gur pedi and Dhayya strengthened from Rs.1800-1825 each to Rs.1800-1860 and Rs.1800-1850 per quintal respectively on increased demand. A moderate recovery in castorseeds bold and castoroil commercial on the oils and oilseeds market during the week under review due to fresh enquiries from shippers and soap manufacturers. Elsewhere, castorseeds futures firmed up on good export enquiries.
Refined palmolein also shot up owing to good buying support coupled with higher Malaysian advices.
Groundnut oil and linseed oil, however, continued rule steady in the absence of market-moving factors. In the non-edible section, castorseeds bold resumed lower at Rs 2,170, but later recovered to close at Rs 2,225 from preceding weekend's level of Rs 2,190, showing a gain of Rs 35. Castoroil commercial also ended higher at Rs 475 from Rs 468 previously, a gain of Rs 7. Linseed oil, however, continued to rule steady at Rs 580.
Turning to the futures section, castorseeds April contract resumed higher at Rs 2,069 and firmed up further to touch a high of Rs 2,135 before ending at Rs 2,108 from previous weekend's level of Rs 2,062,
showing a smart gain of Rs 46. Moving to the edible section, refined palmolein resumed slightly higher at Rs 328 and firmed up further to close at Rs 337 from last Saturday's closing level of Rs 326, disclosing a gain of Rs 11. Groundnut oil, however, continued to rule steady at Rs 520.
The wholesale prices declined by up to Rs 25 per quintal in the national capital during the week under review on selling by mills in a process to clear last month's free-sale quota.
Earlier, sugar prices had gained on reports of lower output to nearly 16 million tonne, but subsequently fell back after the government allowed millers to import duty-free sugar and sell in the domestic market. It also proposed to impose limit on stockist's holdings. Sugar ready medium and second grade shed from Rs 2,300-2,400 and Rs 2,280-2,390 to end at Rs 2,275-2,375 and Rs 2,265-2,365 per quintal respectively, showing a net loss of around Rs 25 per quintal.
Mill delivery medium grade price lost from Rs 2,125-2,300 to Rs 2,125-2,275, depicting a loss of Rs 25 per quintal. Among millgate section, sugar agota, malak narain, rani nangal remained weak at Rs 2,150, Rs 2,140 and Rs 2,160 per quintal respectively. Sabitgarh, and venus traded lower at Rs 2,140 and Rs 2,150 per quintal respectively.
Reports that a fall in sugarcane crops production in Uttar Pradesh, Maharashtra and Gujarat, mainly
fuelled the uptrend.
Gur chakku rose from Rs.1900-2000 to Rs.1950-2000 per quintal, gur pedi and dhayya moved higher from Rs.1900-2000 and Rs 1,950-2,000 to end the week at Rs.1900-2050 and Rs.2000-2050 per quintal respectively. Shakkar also settled higher at Rs.2100-2150 as compared to the last week's close of Rs.2050-2100 per quintal.
In Muzzafar Nagar, similar trend noticed and gur khurpa improved from Rs.1675-1725 to Rs.1675-1750 per quintal. While, gur raskat and chakku remained quiet throughout the week on some support at Rs.1675-1725 and Rs.1800-1900 per quintal respectively.
At Murad Nagar gur pedi and Dhayya strengthened from Rs.1800-1825 each to Rs.1800-1860 and Rs.1800-1850 per quintal respectively on increased demand. A moderate recovery in castorseeds bold and castoroil commercial on the oils and oilseeds market during the week under review due to fresh enquiries from shippers and soap manufacturers. Elsewhere, castorseeds futures firmed up on good export enquiries.
Refined palmolein also shot up owing to good buying support coupled with higher Malaysian advices.
Groundnut oil and linseed oil, however, continued rule steady in the absence of market-moving factors. In the non-edible section, castorseeds bold resumed lower at Rs 2,170, but later recovered to close at Rs 2,225 from preceding weekend's level of Rs 2,190, showing a gain of Rs 35. Castoroil commercial also ended higher at Rs 475 from Rs 468 previously, a gain of Rs 7. Linseed oil, however, continued to rule steady at Rs 580.
Turning to the futures section, castorseeds April contract resumed higher at Rs 2,069 and firmed up further to touch a high of Rs 2,135 before ending at Rs 2,108 from previous weekend's level of Rs 2,062,
showing a smart gain of Rs 46. Moving to the edible section, refined palmolein resumed slightly higher at Rs 328 and firmed up further to close at Rs 337 from last Saturday's closing level of Rs 326, disclosing a gain of Rs 11. Groundnut oil, however, continued to rule steady at Rs 520.
The wholesale prices declined by up to Rs 25 per quintal in the national capital during the week under review on selling by mills in a process to clear last month's free-sale quota.
Earlier, sugar prices had gained on reports of lower output to nearly 16 million tonne, but subsequently fell back after the government allowed millers to import duty-free sugar and sell in the domestic market. It also proposed to impose limit on stockist's holdings. Sugar ready medium and second grade shed from Rs 2,300-2,400 and Rs 2,280-2,390 to end at Rs 2,275-2,375 and Rs 2,265-2,365 per quintal respectively, showing a net loss of around Rs 25 per quintal.
Mill delivery medium grade price lost from Rs 2,125-2,300 to Rs 2,125-2,275, depicting a loss of Rs 25 per quintal. Among millgate section, sugar agota, malak narain, rani nangal remained weak at Rs 2,150, Rs 2,140 and Rs 2,160 per quintal respectively. Sabitgarh, and venus traded lower at Rs 2,140 and Rs 2,150 per quintal respectively.
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