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NNS
organises Food & Technology Expo -2005, New
Delhi India
India's Premier Exhibition on Agri-Commodities,
Foods, Food Products, Processed Foods & Related
Machineries, Equipments, Technologies and commodity
news.
MARKET TREND
CHEMICALS
Weakness of demand from industrial users amid
surge in imports and inflows saw prices tumbling
down on Monday on the local Chemical market. Murcury
lost ground heavy at Rs.44000 from 45000 per 34.5
kg. last due to huge imports from many countries.
Potassium permangnate plunged to Rs.7000 from
Rs.7200 per 50 kg. due to deluge of imports from
China and America. However as festive buying was
over, Camphor slab and powder fell by Rs.5/10
to Rs.178/180 and Rs.155/160 per kg. Zinc oxide
was off Rs.2 at Rs.70/80 per kg. in Menthol products,
on low arrivals Mentha oil, Menthol flake and
bold moved up by Rs.5/6 per kg. Hydrozen peroxide
shed Rs.1/2 per kg. for want of demand.
GRAINS & PULSES:
The wholesale grains and pulses market showed
a flat trend in thin the trade on Monday. Traders
said as the rain accros the markets in Northern
regions continued, the activities have slowed
down, impacting the demand from upcountry areas.
With supply position being weak, maize of Bihar
was sold at further higher rates of Rs.665/670
per quintal. Bajra for cattle feeding also was
marked up at Rs.648/650 on surged offtake. Wheat
dara and rice prices hovered around previous close
in anticipation of demand. In pulses, in view
of concerns about supplies amid higher outside
advices, prices ruled firmly at last close. However,
mainly due to profit-taking gram eased back to
Rs.1765/1870, off Rs.25/30 per quintal for the
Rajasthani quality. Gram dal also was off by Rs.20/30
per quintal in thin trade.
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Buhler Parboiled
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Rice Mill
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Agribusiness (Commodity Prices)
BULLION:
An improving trend prevailed in the local bullion
market on Monday as apart from the festive season
buying, prices of both the precious metals showed
recovery in overseas markets. Sources told that
new arrivals had declined while stockists reduced
offerings. Inflow of imported silver was only
2000 kg. daily in the market. Therefore, as London
silver moved up to 701/703 from 698 cents per
ounce, the spot prices went up to Rs.10550 from
last close of Rs.10485, a recovery of increase
Rs.65 per kg. The demand was likely to come up
from Mathura, Agra and places of Rajasthan. In
gold one kg. bar was traded Rs.10 higher at Rs.6020
per 10 gram. The gold arrivals has been partly
at around 100 kg. daily for last many days, as
against a good demand. In London gold firmed up
at $422.40 from $420 per ounce.
GUR & SUGAR:
Mill Delivery sugar prices moved higher on the
back of festive buying on Monday gaining Rs.5/10
per quintal. Private, cooperative and corporation
mills offered their gate price between Rs.1715/1775
per quintal, slightly up from Yesterday. In private
mills section, Mawana traded atRs.1775 against
Rs.1768 per quintal quoted Yesterday. Dauralla
moved to Rs.1770 from Rs.1765 per quintal. Due
to limited inflow from Muzzafar Nagar, gur gethered
strength at Rs.1725/1775, gaining Rs. 5/25 per
quintal. Shakkar stood at last close of Rs.1800/1820
in scattered deals.
SPICES & DRY-FRUITS:
Cardamom brown kanchicut quality traded on a bullish
note due to restricted supplies and gained Rs.3
in the intra day trade at Rs.118/145 per kg. That
was the only change in spices while in dry fruits,
almond Girdi fell heavily by Rs.150 at Rs.3500
per 40 kg due to imports from Afghanistan. Fig
average quality flared up by Rs.500 to Rs.3300/3500
per 40 kg. as the import became unviable. Copra
pluged to Rs.8150/8600, a loss of Rs.100/150 per
quintal due to lack of adequate demand.
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