19/11/2012 (Indian Express) - In restricted trading activities, edible oil fell in the wholesale oils and oilseeds market during the past week as domestic demand declined after the festival season against increased supplies.

A few oils in the non-edible section also eased on reduced offtake by industrial units. Business volumes declined brief five-day week as market remained closed on Wednesday for "Vishkarma Puja" and lackluster trading on Diwali.

Traders said edible oil prices declined on easing demand after ending of festival season led by Diwali against adequate supplies into the markets.

Reduced offtake by industrial units and other consuming industries such as paint and soap makers helped in pulling down non-edible oil prices, they said.

Meanwhile, reports of higher import of edible oils this season further influenced the market sentiment. vegetable oil imports surged by 17 per cent to over ten million tonnes in the 2011-12 marketing year that ended last month.

In the national capital, groundnut mill delivery Gujarat) and mustard expeller (Dadri) oils fell by Rs 200 and Rs 100 to to Rs 11,700 and Rs 8,200 per quintal respectively on fall in demand from vanaspati units and retailers.

Sesame and cottonseed mill delivery (Haryana) oils also declined by Rs 50 and Rs 250 to Rs 8,700 and Rs 6,900 per quintal, respectively.

In line with a general weak trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils plunged by Rs 500 each to Rs 7,100 and Rs 6,700 respectively, while crude palm oil (ex-kandla) lost Rs 300 at Rs 6,900 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils too traded lower by Rs 500 each to Rs 7,200 and Rs 6,750 per quintal, respectively.

In the non-edible section, linseed oil declined by Rs 50 to Rs 5,850 per quintal on weak demand from paint industries.

Neem oil shed Rs 50 at Rs 4,600-4,700 per quintal on lack of buying support against adequate stocks position.

Grains: The wholesale grains market remained firm for the third straight week with prices of wheat, rice basmati and other bold grains advanced further on increased buying by flour mills and stockists for the festive season.

Traders said increased buying by flour mills and stockists for the festival and marriage season mainly strengthened wheat, rice basmati and other bold grain prices. In the national capital, wheat dara (for mills) advanced by Rs 20 to Rs 1,650-1,655 per quintal. atta chakki delivery followed suit and traded higher by the same margin to Rs 1,660-1,665 per 90 kg.

In the rice section, rice basmati common and Pusa-1121 attracted stockists buying and ended higher at Rs 5,400-5,500 and Rs 5,000-5,800 against last close of Rs 5,200-5,300 and Rs 4,500-5,200 per quintal, respectively.

Other bold grains like bajra added Rs 20 to Rs 1200-1210, while jowar yellow and white were up by Rs 25 each to Rs 1,275-1,300 and Rs 2,100-2,300 per quintal, respectively.

Maize too inched up by Rs 10 to Rs 1395-1405 and barley shot up by Rs 60 to Rs1,400-1,415 per quintal, respectively.

Pulses: In a mixed pattern of trading, moong and arhar prices firmed up on the wholesale pulses market during the past week on selective buying from retailers while a few other declined on adequate stocks position.

Traders said selective buying from retailers amid lower arrivals from producing region mainly led to rise in moong and arhar prices.

They said adequate stocks position against lack of buying support helped other pulses to trade lower.

In the national capital, Moong and its dal chilka local rose by Rs 200 each to Rs 5,200-5,900 and Rs 5,800-6,200 and moong dal dhoya local and best quality were also traded higher by the same margin to Rs 6,300-6,400 and Rs 7,000-7,100 per quintal.

Arhar and its dal dara variety also moved up by Rs 50 each to 4,050-4,250 and Rs 5,650-5,850 per quintal, respectively.

On the other hand, rajmah chitra met with resistance at existing higher levels and dropped by Rs 500 to Rs 7,000-9,500 per quintal. Kabli gram small variety lost Rs 250 at Rs 4,700-8,200 and lobia shed Rs 100 at Rs 3,700-4,100 per quintal.