NEW DELHI, Jan 23: Coriander and kalaunji prices rose Rs 200 per quintal in the national capital today on fresh buying by retailers and stockists amid low stocks.
Fall in supplies from producing belts also supported the upside in prices.
Coriander and kalaunji prices rose by Rs 200 each to settle at Rs 7,400-12,400 and Rs 8,700-10,000 per quintal, respectively.
Traders said buying support from retailers and stockists against fall in supplies from producing belts pushed up coriander and kalaunji prices at the wholesale kirana market here.
The following are today’s quotations per quintal:
Ajwain 13,500-18,500, black pepper (per kg) 550-680, betel-nut (kg) 180-200, cardamom brown-Jhundiwali (kg) 1,000-1,100 and cardamom brown-Kanchicut (kg) 1,150-1,290.
Cardamom small (kg): Chitridar 680-780, cardamom (colour robin) 630-730, cardamom bold 680-730, cardamom extra (bold) 830-930 and cloves (kg) 850-900. ( PTI)
Coriander, kalaunji rise on stockists buying
Select edible oils strengthen on sustained buying, global cues
NEW DELHI, Jan 23: Select edible oil prices strengthened by Rs 50 per quintal at the oils and oilseeds market today on sustained buying by vanaspati millers for the marriage season amid a firming global trend.
However, non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Marketmen said sustained buying by vanaspati millers for the marriage season amid a firming global trend where palm oil traded near the highest level in more than two weeks on speculation that a weakening ringgit may bolster prospects for exports from Malaysia, mainly boosted the sentiment.
Meanwhile, palm oil rose 0.7 per cent to USD 778 a tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils advanced by Rs 50 each to Rs 6,450 and Rs 6,050, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5150 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also added Rs 50 each to Rs 7,250 and Rs 6,950 per quintal, respectively. (MORE) (PTI)
Menthol declines on reduced offtake
NEW DELHI, Jan 23: Menthol prices fell by Rs 5 per kg in the national capital today owing to reduced offtake by consuming units amid adequate stocks.
Increased arrivals from producing belts in Uttar Pradesh also weighed on menthol prices.
Menthol bold crystal, flake and mentha oil prices fell by Rs 5 each to settle at Rs 1,025, Rs 990 and Rs 880 per kg, respectively.
Traders said subdued demand from consuming industries against increased arrivals from producing belts mainly pulled down menthol prices at the wholesale chemical market here.
The following are today’s quotations:
Ammonium chloride (50 kg) Rs 1,200-2,400, Acetic acid (1 kg) Rs 67-77, Ammonia bicarb (25 kg) Rs 500-800, Boric acid technical (50 kg) Rs 4,500-5,000, Borex granular (50 kg) Rs 2,300-2,600.
Caustic soda flake (50 kg) Rs 2,000-2,100, Citric acid (50 kg) (China) Rs 3,800-4,200, Citric acid deshi (50 kg) Rs 3,800-4,500, Camphor slab (1 kg) Rs 455, Camphor powder (1kg) Rs 405, Glycerine (1 kg) Rs 120-180, Hexamine (1kg) Rs 95, Hydrogen peroxide (1 kg) Rs 40-50, menthol bold crystal (per kg) Rs 1,025, menthol flake (1 kg) Rs 990 and mentha oil (1kg) Rs 880. (PTI)
Wheat falls on increased supply, reduced offtake
NEW DELHI, Jan 23: Wheat prices fell by Rs 15 per quintal at the wholesale grains market today on increased supplies against reduced offtake by flour mills.
Traders said increased supplies against reduced offtake by flour mills mainly kept pressure on wheat prices.
In the national capital, wheat dara (for mills) fell by Rs 15 to Rs 1640-1645 per quintal. Atta chakki delivery followed suit and traded lower by the same margin to Rs 1645-1650 per 90 kg.
The following were today’s quotations per quintal:
Wheat MP (deshi) 2,070-2,270, Wheat dara (for mills) 1,640-1,645, Chakki atta (delivery) 1,645-1,650 Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 885-895 (50 kg), Maida 950-970 (50 kg) and Sooji 990-1,020 (50kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 8,800-9,100, Rice Pusa-(1121) new 8,200-8,700, Permal raw 2,100-2,200, Permal wand 2,275-2,300, Sela 2,950-2,975 and Rice IR-8- 1,875-1,900, Bajra 1,275-1,280, Jowar yellow 1,500-1,550, white 2,400-2,600, Maize 1,425-1,430, Barley 1,450-1,455, Rajasthan 1,080-1,090. (PTI)
Gram, its dal move up on local demand
NEW DELHI, Jan 23: In restricted activity, gram and its dal rose by Rs 50 per quintal at the wholesale pulses market today on scattered local demand.
However, other pulses moved in a narrow range in limited deals and settled around previous levels.
Traders said scattered local demand helped gram and its dal prices to trade higher.
In the national capital, gram edged up to Rs 2,900-3,850 from previous level of Rs 2,900-3,800, while its dal local and best quality were traded higher by Rs 50 each to Rs 3,650-3,850 and Rs 3,850-3,950 per quintal, respectively.
Following are today’s pulses rates per quintal:
Urad 3,950-4,750, Urad Chilka (local) 5,500-5,700, best 5,700-6,300, Dhoya 6,000-6,400, Moong 6,000-7,200, Dal Moong Chilka local 7,100-7,500, Moong Dhoya local 7,300-7,400 and best quality 7,900-8,000.
Masoor small 4,400-4,650, bold 4,600-4,700, Dal Masoor local 5,300-5,400, best quality 5,350-5,450, Malka local 5,150-5,250, best 5,350-5,450, Moth 4,900-5,300, Arhar 4,250-4,350, Dal Arhar Dara 5,800-6,000.
Gram 2,900-3,850, Gram Dal (local) 3,650-3,850, best quality 3,850-3,950, Besan (35 kg) Shakti bhog 1,400, Rajdhani 1,400, Rajmah Chitra 7,300-11,000, Kabli Gram small 3,750-5,750, dabra 2,700-2,800, imported 4,700-5,100, Lobia 4,200-5,800, Peas white 2,900-2,950 and green 3,000-3,100. (PTI)
Select base metals fall on global cues
NEW DELHI, Jan 23: Select base metals drifted up to Rs 5 per kg at the local non-ferrous base metals market today on stockists selling in tandem with a weak global trend.
Meanwhile, lead for delivery in three months slid 0.5 per cent to USD 2,185 a tonne on the London Metal Exchange.
Traders said stockists selling in line with a weak global trend after industrial metals retreated as manufacturing data from China, the world’s biggest consumer, fell below economists’ expectations, mainly influenced the sentiment.
In the national capital, lead ingot and lead imported were down by Rs 2 each to Rs 136 and Rs 134, while nickel (4×4) shed Rs 5 at Rs 1075-1076 per kg, respectively.
Lead ingot and lead imported were also traded higher by Rs 2 each to Rs 138 and Rs 136 per kg, respectively.
The following are today’s metal rates per kg:
Zinc ingot 117-123, nickel plate (4×4) 1,075-1,076 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 437,chadri deshi 285.
Lead ingot 136,lead imported 134, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150. (PTI)
Govt trying to meet divestment target: Seelam
NEW DELHI, Jan 23: The government is working towards meeting the Rs 40,000 crore target it had set from selling off stake in state-owned firms in the current fiscal, Minister of State for Finance J D Seelam said today.
With barely two months to go before the 2013-14 fiscal ends, the government has so far garnered only about Rs 3,000 crore from PSU stake sale proceeds.
Unlikely to meet the ambitious disinvestment target, it is counting on higher dividends from PSUs and banks to keep its fiscal deficit under check.
“Still, we are on… March is far. We are doing our best. We can’t quantify (the amount how much will be met). The process is on,” Seelam told reporters on the sidelines of the Assocham summit on Non-Banking Finance Companies-Game Changers.
Addressing the conference, he said that NBFCs should play a bigger and a pivotal role in lending to the priority sector.
“Compared to the banks, you are closer to the people. You do recovery early. You should do more for MSME sector,” Seelam said, adding that there is also scope to see as to how NBFCs can play a role in lending to the sectors where banks are not interested or hesitant.
On growth, Seelam said it has to be exponential.
He also said that the government is committed to fiscal prudence. “We will not cross the red line of 4.8 per cent of fiscal deficit.” (PTI)
Steel prices remain flat in thin trade
NEW DELHI, Jan 23: The local steel market remained flat today as prices continued to trade in a tight range in the absence of buying support and settled around previous levels.
Traders said absence of buying support against sufficient stocks position mainly kept steel prices unaltered.
The following are today’s quotations per tonne:
Saria Kamdhenu: 8-mm 48,100, 10-mm 46,700, 12-mm 45,700, 16-25 mm 46,400
Saria Jai Bharat (TMT): 8-mm 45,800, 10 mm 45,500, 12-mm 44,700, 16-25 mm 44,900.
Amba shakti (TMT): 8-mm 45,500, 10-mm 43,200, 12-mm 42,200, 16-25 mm 42,700.
MS Angle: (50×5) (50×6) 42,000, (40×5) (40×6) 42,800.
Angle Capital (ISI) (40X5) (40×6) 43,800, (35X5) (65X6) 36,900. Girder 125X65 41,000. (PTI)
Make Tutna Di Khui a Block
Sir,
This is to draw the attention of the Cabinet Sub Commitee towards creation of Tutna Di Khui as Block administrative unit.
It may be mentioned here that at present the people of this area have to spend almost Rs 100 to Rs 150 if they go to BDO office Dansal for carrying out their official work. Since the people of the area are poor they can not afford it on regular basis.
Tutna Di Khui being only 1.5 Kms from Bajalta Railway Station is suitable as a Block. It will serve the interests of the villages surrounding it.
Yours etc…
Ashraf Hussain
Nagrota Sandhi,
Jammu
Upgradation of Kargil-Zanaskar road
Sir,
It is quite heartening to know that Kargil-Zanskar road has been made a National Highway. This road is the only surface link of Zanskar with the rest of the country. Being a snow bound area it remains closed for almost six months creating thereby many problems for the people of this region.
Now, when Government of India has sanctioned Rs 1015.26 crores for its upgradation, one expects that work on it is executed expeditiously.
This road will surely change the socio-economic outlook of the people of the area. It will also help in attracting more tourists to this virgin valley the beauty of which has remained unexplored so far. Besides, it will generate job opportunities for people of the region.
Yours etc…
Padma Yenchen, Kargil
