Maharashtra ,Pune Markets: Tur Dal Prices Drop, Sugar and Palm Oil See Increases
Edible oil prices in Pune’s wholesale markets dropped for peanut, cottonseed, soybean, and sunflower oils due to lower demand and reduced international prices. In contrast, palm oil, vanaspati ghee, and coconut oil saw price hikes, driven by supply constraints and festive demand. Pulses saw mixed trends: tur dal prices dropped, while gram dal declined due to heavy imports. Grains remained steady.
Pune: Edible oil and pulse prices have experienced notable shifts in the wholesale markets due to fluctuations in supply and demand. The prices of peanut oil, cottonseed oil, soybean oil, and sunflower oil have dropped significantly, driven by a dip in local demand and reduced international market activity.
Over the past few days, international soybean and sunflower oil prices fell by $40-$50 per ton, which has translated to a ₹40-₹50 reduction per 15 kg container in the local market.
Conversely, palm oil prices have surged due to limited production and a slow import rate. Last week, palm oil prices increased by ₹50-₹75 per 15 kg container. Vanaspati ghee prices followed a similar trend, with a hike of ₹50-₹75 per container as the import of essential ingredients like stearin remains low.
Coconut oil prices have also risen by ₹100 per 15 kg container due to the upcoming Sankranti festival, which has boosted demand. Similarly, jaggery prices have soared as festival-related demand grows. All types of jaggery recorded an increase of ₹50-₹100 per quintal last week.
Sugar prices have rebounded after a recent decline, rising by ₹25 per quintal. The reduced sugar production this season has contributed to the halt in the price drop.
In the pulses market, tur dal (pigeon pea) prices have fallen by ₹1,000 per quintal as new supplies reach the market. However, the prices of gram dal (chana dal) continue to decline due to heavy imports, with a reduction of ₹100-₹200 per quintal last week. Other pulses and legumes have shown stable prices.
Meanwhile, prices of grains such as wheat, jowar, and bajra have remained steady due to balanced supply and demand. New arrivals of rice have not significantly impacted prices yet, which are expected to stabilize in the coming weeks.
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Source : The Bridge Chronicle
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