03/12/2012 (Indian Express) - The oils and oilseeds market ended on a mixed note during the past week with select edible oil prices rising on the back of pick up in demand while a few others remained weak in tandem with weak trend overseas.

On the other hand, non-edible oils after moving in a narrow range in limited deals, settled around previous levels.

Market remained closed on Wednesday on account of 'Guru Nanak Jayanti'.

Traders said increased demand from retailers, driven by ongoing wedding season mainly attributed the rise in select edible oil prices.

They said weak global trend where palm oil declined on concern that stockpiles in Malaysia may expand from a record.

Meanwhile, palm oil futures lost 5.

1 per cent this month, after falling 16 per cent in September and 2 per cent in October on the Malaysia Derivatives Exchange.

In the national capital, groundnut mill delivery oil (Gujarat) rose by Rs 200 to Rs 12,100 per quintal on increased retailers demand.

Mustard expeller oil (Dadri) moved up by Rs 50 to Rs 8,350 on local parties demand and sesame mill delivery oils which remained steady major part of week met with fag-end buying and ended higher by Rs 50 to Rs 8,800 per quintal.

On the other hand, cottonseed mill delivery (Haryana) oils declined by Rs 50 to Rs 6,900 per quintal.

Taking a negative cues from overseas markets, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by by Rs 100 each to Rs 7,050 and Rs 6,650 per, while crude palm oil (ex-kandla)traded lower by the same margin to Rs 7,050 quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and lost Rs 100 each at Rs 7,150 and Rs 6,700 per quintal, respectively GRAINS: wheat and rice basmati prices fell in the wholesale grains market during the week on reduced offtake by flour mills and stockists against increased supplies from producing belts.

However, a few bold grains shot up on increased demand from consuming industries.

Marketmen said higher supplies against reduced offtake by flour mills and stockists mainly pulled down wheat and rice basmati prices.

Meanwhile, the country's wheat production is likely to touch a new record this year as improved soil moisture due to late monsoon rains and early winter would boost crop prospects, government research body ICAR said.

In the national capital, wheat dara (for mills) slide by Rs 50 to Rs 1,570-1,575 per quintal.

Atta chakki delivery followed suit and traded traded lower by the same margin to Rs 1,575-1,580 per 90 kg.

Maida and sooji eased to Rs 880-890 and Rs 980-990 against last close of Rs 920-940 and Rs 1,030-1,060 per 50 kg respectively on fall in demand.

In the rice section, rice basmati common and Pusa-1121 dropped to Rs 5,300-5,500 and Rs 5,300-5,400 against last level of Rs 5,700-5,800 and Rs 5,300-6,100 per quintal respectively.

However, other bold grains like, maize and bajra shot up by Rs 120 and Rs 70 to Rs 1,530-1,580 and Rs 1,270-1,275 per quintal respectively on hectic demand.

Jowar yellow and white moved up by Rs 50 and Rs 25 to Rs 1,350-1,360 and Rs 2,150-2,350 and barley inched up by Rs 10 to Rs 1,450-1,460 per quintal, respectively.

Pulses: the wholesale pulses market remained weak for the second straight week as pulses prices continued to slide on falling demand at prevailing higher levels against increased supplies.

Traders said fall in demand at prevailing higher levels and increased supplies from producing regions mainly led a fall in select wholesale pulses.

In the national capital, urad and its dal chilka local fell by Rs 200 each to Rs 3,200-3,800 and Rs 4,100-4,450, while urad dal best quality and dhoya were traded lower by the same margin to Rs 4,600-5,100 and Rs 5,000-5,100 per quintal.

Moong eased to Rs 5,000-5,500 against last close of Rs 5,100-5,800 while its dal chilka local, dhoya local and best were down by Rs 200 each to Rs 5,500-5,900, Rs 6,000-6,100 and Rs 6,700-6,800 per quintal, respectively.

Maoor small and bold declined by Rs 100 each to Rs 3,400-3,600 and Rs 3,550-3,750 and its dal local and best enquired lower by similar margin to Rs 4,000-4,100 and Rs 4,100-4,200 per quintal, respectively.

In line with a general weakening trend, malka local and best quality lost Rs 3,750-3,850 and Rs 3,950-4,050, while moth eased to Rs 3,800-4,100 against last close of Rs 4,000-4,400 per quintal, respectively.

Gram, gramdal local and best quality were traded lower at Rs 4,400-5,750, Rs 5,500-5,600 and Rs 5,700-5,800 from previous level of Rs 4,400-5,800, Rs 5,560-5,660 and Rs 5,750-5,850 per quintal respectively.

Besin Shaktibhog and Rajdhani eased to Rs 2,060 per 35 kg each against last level of Rs 2,100 each.

Rajmah chitra and kabli gram small slipped to Rs 7,000-9,000 and Rs 4,700-7,500 compared to previous level of Rs 7,000-9,500 and Rs 4,700-8,200 per quintal, respectively.

Lobia shed Rs 100 to Rs 3,600-4,000 per quintal.

SUGAR: Bearish trend persisted in the wholesale sugar market at national capital during the past week following release of higher free sale quarterly sugar quota against surplus stocks on reduced offtake, registering losses up to Rs.90 per quintal.

Marketmen said government releasing 70 lakh tonne of free-sale sugar quota for the December-March quarter was higher then market expectations mainly influenced the market sentiment.

They said regular supply from mills against easy availability into the market further put pressure on sweetener prices to some extent.

Sugar ready M-30 and S-30 prices dropped from the last week's levels of Rs.3600-3750 and Rs.3575-3725 to Rs. 3530-3750 and Rs.3500-3725 per quintal, respectively, showing a net loss of Rs.70 per quintal.

Similarly, Mill delivery M-30 and S-30 prices also slipped by Rs 80 to Rs.3300-3680 and Rs.3275-3650 per quintal, respectively.

Among millgate including duty section, sugar ramala, morna, sakoti, baghpat and anupshar all plummeted by Rs.90 each to Rs.3300, Rs.3310, Rs.3310, Rs.3320 and Rs.3300 per quintal, respectively.

Sugar Asmoli and Dorala lost Rs.70 each at Rs.3550 and Rs. 3460 per quintal, while Dhanora dipped by Rs.50 to Rs. 3440 and Simbholi by Rs.40 to Rs.3570 per quintal.

JAGGERY: The wholesale Jaggery market revealed a weak trend in the national capital during the past week following heavy arrivals of new gur, pulling down the prices around Rs 150 per quintal.

Muzaffarnagar and Muradnagar gur market also showed a fall of Rs. 200 per quintal on reduced offtake and heavy supply.

Marketmen said heavy arrivals of new gur in the markets from manufacturing areas mainly influenced the market sentiment. In Delhi, gur pedi prices slided from Rs. 2800-2850 to Rs.

2650-2750, showing a net loss of Rs. 150 per quintal.

Gur chakku, dhayya and shakkar prices dropped by Rs. 100 each at Rs. 2600-2650, Rs. 2900-3100 and Rs. 3000-3100 per quintal. Turning to Muzaffarnagar, gur raskat prices plummeted from Rs. 2450-2500 to Rs. 2250-2325, loosing around Rs. 200 per quintal due to slow down in demand from alcohol making industries. Gur khurpa fell from Rs. 2450-2500 to Rs. 2275-2375 per quintal and gur chakku by Rs. 50 at Rs. 2450-2600 per quintal. At Muradnagar, gur pedi and dhayya fell from Rs. 2550-2600 and Rs. 2700-2750 to Rs. 2450-2550 and Rs. 2550-2600 per quintal respectively.

DRY FRUITS: Firming trend was noticed on the local dry fruits market during the past week as select dry fruits led by almond rose on pick up in demand for the wedding season amid higher advices from producing regions.

Trading volume restricted as market remained close on Wednesday on account of "Guru Nanak Jayanti".

Traders said pick up in demand supported by wedding season and higher advices from producing regions mainly kept select dry fruits higher.

In the national capital, almond (California) spurted by Rs 400 to Rs 13,400 per 40 kg, while its kernel moved up to Rs 490-510 per kg from previous level of Rs 474-494.

Pistachio Irani, Hairati and Peshwari were enquired higher by Rs 10 each to Rs 820-920, Rs 810-910 and Rs 1060-1100 per kg, respectively.

Copra were also seen some demand and rose by Rs 100 to Rs 6200-6500 per quintal.

Kirana: The local kirana market depicted a mixed trend during the past week as select spices led by cardamom rose on rising demand while a few other remained weak on lack of buying against adequate supplies.

Traders said rising demand in view of marriage season mainly pushed up select spices higher, while adequate stocks position kept pressure on other.

In the national capital, cardamom brown Jhundiwali and Kanchicut remained in demand and added Rs 10 each to Rs 830-930 and Rs 920-1030 per kg, respectively.

Cardamom small varieties such as chitridar, colour robin, bold and extra-bold were also moved up by Rs 15 each to Rs 745-845, Rs 745-885, Rs 735-795 and Rs 925-1045 per kg, respectively.

Dhania and red chilli rose by Rs 100 each to Rs 6900-9400 and Rs 6100-11,500 per quintal, respectively.

Poppyseed (Turkey), (MP-RAJ) and (Kashmiri) which remained steady for the major part of week, met with fresh buying and ended higher by Rs 5 each at Rs 305-315, Rs 315-365 and Rs 315 per kg, respectively.

On the other hand, turmeric, jeera common and best quality were down by Rs 200 each to Rs 6400-9600, Rs 14,500-14,600 and Rs 17,200-17,600 per quintal, respectively, on adequate supplies.

Bullion: Gold setting a record high level of Rs 32,975 per ten gram was the feature of trading on the bullion market during the past week on heavy buying by stockists for marriage season, before ending lower on weakening trend in futures trade before the monthly settlement.

Traders said the gold, which had been on a long record setting spree, fell sharply in last three sessions following fall in its prices in futures trade as speculators indulged in clearing their positions ahead of monthly settlement.

They said a similar trend in overseas markets on concern that US lawmakers may fail to reach a settlement in budget cuts and strong rupee made the metal's import cheaper.

Some investor seen shifting their funds from weakening gold to rising equities was another negative factor the metal.

On the domestic front, gold of 99. 9 and 99.

5 per cent purity commenced higher and climbed to an all-time high of Rs 32,975 and Rs 32,775 per ten grams.

Later, it met with heavy sell-off by stockists and ended below Rs 32,000 level at Rs 31,830 and Rs 31,630 per ten grams respectively, showing a fall of Rs 1020 each.

Sovereign followed suit and shed Rs 50 to Rs 25,600 per piece of eight gram.

On the other hand, silver ready after moving between gain and losses on alternate bouts of buying and selling closed higher by Rs 50 to Rs 63,050 per kg, while silver weekly-based delivery dropped by Rs 2285 to Rs 61,235 per kg on lack of speculators buying support.

Silver coins moved both ways before closing at last level of Rs 81,000 for buying and Rs 82,000 for selling of 100 pieces.