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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
New Delhi, 18 July (NNS) - 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:
New Delhi, 18 July (NNS)-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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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:
New Delhi, 18 July (NNS)- 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:
New Delhi, 18 July (NNS)-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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