India Commodities Wholesale prices of Oils and Sugar

Spot sugar prices on the Vashi wholesale market shot up by Rs 30?40 on Thurday on heavy demand from retailers and upcountry buyers before the three-days market closure from Friday for Diwali. Naka and Mill tender rates also increased by Rs 20?25 a quintal.

On Sunday morning, Muhurat trading will be held but transporters have decided not to load from the market. Therefore, supply from the market will resume only from Monday. The sentiment was bullish as mills were quoting higher rates on increased buying from West Bengal side, said market sources. This week at Vashi market, spot prices have increased Rs 70?80 a quintal on lower free sale quota for current month and heavy festival demand.

Mr Harakhchand Vora, Vice?President of Bombay Sugar merchants Association, told Business Line that mills were quoting higher rates as they manage to sale good quantity about 2/2.25 lakh bags on Wednesday through tender process. They sold about 75,000? 80,000 bags sugar to Kolkata traders and other to local buyers in the range of Rs 2,745?2,800 for M-grade and Rs 2,680?2,730 for S-grade (excise paid).

Sugar prices in States such as UP, Delhi and West Bengal were higher compared with Maharashtra's mills quotes. On Thursday, arrivals in Vashi markets were 45?47 truckloads (10 tonnes each) and lifting was 55?57 truckloads.

According to the Bombay Sugar Merchants Association, spot rates were: S?grade: Rs 2,771?2840 (Rs 2,761?2,801) and M?grade: Rs 2,811?2,881 (Rs 2791?2,851). Naka delivery rates were: S?grade? Rs 2,760-2,790 (Rs 2,740-Rs 2,760) and M?grade ?Rs 2,800?2,840 (Rs 2,780?2,830).

Following were the wholesale prices (per 10kg) in the Bangalore Oil market today. Groundnut 610-760 Coconut 730-890 Gingely 450-960 Castor 770-930 Sunflower 650-760 Butter 1200-1400 Ghee 1800-3000.

SUGAR PRICE: In Sugar market (per quintal) Rs 2650-2680.
COMMODITIES: Following were the rates (per quintal) of various commodities traded at Bangalore wholesale market today.

Basumathi 2600-7500 Rice Fine 2800-3400 Medium (old) 2200-2800 (New) 1800-2200 Coarse 1500-1800 Ragi Fine 1100-1300 Medium 1000-1200 Jowar 1200-1900 Wheat Bansi 1900-2100 Jowar(Bijapur) 1800-2200 Wheat Atta 1600-2000 Maida 1650-1950 Soji (W) 1690-2200 Soji Bansi 2150-2400 Jaggery 2600-2800 Corriander 3000-5125 Chilly (Byadgi) 8000-10000 Guntur 4200-5200 Potato 1100-1360 Onion 1700-2200 Tamarind 3800-6300 Garlic 6000-10000 Coconut (1000) 2500-6500 Horse Gram 1500-1600 Green Gram 4300-5000 Green Peas 2100-2800 Wheat 1650-2000 Turmaric 12500-13000 Soyabeans 2100-2500 Jeera 10000-15000 Poppy Seeds 20000-22000 Maize (Popcorn)1150-1350 Ginger 780-2500 Bengal Gram 2450-2750 Avare 3800-4000 Tur Dhal 4700-6700 Green Gram Dhal 5700-7000 Black Gram Dhal 6000-8500 Avare Dhal 5000-5500 Bengal Gram Dhal 2800-3200 Mustard 2500-3100 Gingly (White) 5200-7500 Black 3500-4100 Groundnut 1800-2500 (Dry) 3600-4200 Maize 930-980 Bajra 1100-1300 Groundnut Seed 5000-6000 Copra 3500-6000 Cowpea 2600-3000 Soapnut 1200-1500 Paddy 1050-1400 Cashewnut 38000-49500 Pepper 18000-20000 Arecanut 8000-14000 Black Gram 4500-5800 Horsegram Dhal 2800-3000.