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ARRIVAL OF IMPORTED PULSES
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| ARRIVAL OF IMPORTED PULSES |
| 09.18.06 (11:34 pm) [edit] |
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NAFED will be distributing 49,300 MT of imported pulses comprising urad and moong at 10 centres, namely, Delhi, Chennai, Kanpur, Indoor, Akola, Gulbarga, Bhubaneshwar, Amritsar, Jalgaon and Jaipur. As on September 15, 2006 a total of 22448 MT of urad and 318 MT of moong has been disposed of at an average rate of Rs. 33.06 and Rs. 31.27 per kg. respectively. Against a contracted quantity of 49300 MTs of urad and moong around 78 per cent stocks of pulses has already been received. The balance quantity is likely to be shipped within this week.Prices of gram dal as on September 15 remained at the previous week’s level in Agartala, Guwahati, Kolkata, Shillong, Hyderabad and Thiruvananthapuram. However, prices of gram dal registered an increase at Delhi, Lucknow, Shimla, Ahmedabad, Bhopal, Jaipur, Mumbai, Bhubaneshwar, Patna, Bangalore and Chennai. Tur dal prices remained steady in the most of above centres and declined at Lucknow and Bhopal. Slight increase in prices was noticed at Shimla, Jaipur, Kolkata, Bangalore and Chennai. The futures prices as on September 14 across the contracts, September to December 2006; have increased from the spot price. Futures price for January 2007 contract as on the same date stands lower than the spot price.
Against tender of import of 55 lakh MT of wheat over 12 lakh MT has arrived the Indian ports as on date. Of nine vessels with 4,85,203 MT of wheat that have sailed for Indian ports, seven are scheduled to arrive by September end and the remaining two by October 9, 2006.Futures prices of sugar for all the contracts from September, 2006 upto February, 2007 are lower than the spot price for September 14, 2006. The futures prices are showing a downward trend from September, 2006 to February, 2007 contracts. This trend indicates that market is anticipating that with the expected good production of sugar, the availability in the domestic market would increase and the prices would move downwards.
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