Commodities wholesale markets saw imported powder milk, ginger, dal beetle surging, while rapeseed, black pepper was noted down during the week ended on September 6 2008, though world rates of so called soft commodities were marked generally giving way.
The opening day buying support was just so so due to prices that stayed well over the power of majority of Rozadars and relief offered by the authorities. However, particular places like utility stores drew crowds of buyers for most essentials were made available on the first day of Ramazan. Some rush was marked in commodities wholesale markets, which had not much relief despite commodities showed declining trend world-wide.
The fluctuations in commodities were slight, except some dry fruit items budging up and down at Jodia Bazaar. (per 40 Kgs) big cardamom retreated and turned down by Rs 400 to Rs 12,600, cloves also lost Rs 1200 to Rs 17,000, ginger closed with gain of Rs 300 to Rs 5400, long pepper shed Rs 300 to Rs 8100, peanuts closed up by Rs 250 to Rs 3350, sago rose by Rs 150 to Rs 1965, chillies dandicut quoted at Rs 4400, chillies dandiwali quoted at Rs 2400 while darchini closed higher by Rs 150 to Rs 4050.
On Tuesday markets held generally to previous levels. However, only change was noted in dal beetle low type, which rose by Rs 100 to Rs 2500, while the other type was put at previous level. And no difference was marked on the third day's trading in commodities wholesale market as prices, which surged on the eve of Ramazan were still thwarting needful lifting by the retailers. However, only change was seen in rapeseed from Nawabshah where better type was seen lower by Rs 30 to Rs 1940, while low type stayed put at Rs 1900.
On Jodia Bazaar milk powder (per bag of 25 kg) Euro Gold up Rs 1000 to Rs 8400, Mix Me rose by same amount to Rs 8100, Bale Gold rose by Rs 1000 to Rs 8400, Bale vale quoted at Rs 8300, Haleeb Veg rose by Rs 350 to Rs 6,800 and Metco Veg gamed Rs 75 to RS 7,100.
On Thursday surprising but not shocking factor was seen on the grain market on Thursday as grams prices fell sharply in the month of Ramazan. Gram garda Punjab was lower by Rs 200 to Rs 4300-4600, yellow peas Canada lost Rs 150 to Rs 3650-3900, yellow peas dal Canada low type shed Rs 100 to Rs 4100 and better type lost Rs 150 to Rs 4300.
Beetle China No 1 lost Rs 250 to Rs 4600-4900, beetle 50x50 fell by Rs 200 to Rs 4400-4700 and dal beelt inferior type was down by Rs 500 to Rs 5700 and good type shed Rs 40 to Rs 6000. On the rice side, Irri-6 Sindh quoted lower at Rs 3100-3200. On the seed side cottonseed oilcake with bag Sindh old low type lost Rs 60 to Rs 750 and best quality was lower by Rs 20 to Rs 800.
On Friday no changes were seen on the grain market as leading participants were busy in Juma prayers.
The trading in chemicals closed mixed on Jodia Bazaar. The changes were: CHEMICALS (per kg): Caustic soda flakes Saudi ended down by Rs 11 to Rs 46, and oxalic acid China went lower by Rs 2 to Rs 81.PETROLEUM JELLY: Sulphonic acid hard edged lower by Rs 13 to Rs 157, P.V.A Japan closed down by Rs 11 to Rs 253, Sitara caustic soda flakes ended lower by Rs 13 to Rs 42, and caustic Taiwan closed downward by Rs 10 to Rs 46.
HYDROSULPHITE: China 88 percent went lower by Rs 3.60 to Rs 114.40 and Germany edged up by Rs 4 to Rs 152. ACETIC ACID: Taiwan closed down by Rs 5 to Rs 86 and Korea moved lower by Rs 6 to Rs 85. HYDROGEN PEROXIDE (35 percent): Taiwan was quoted at Rs 61.60, Korea went down by Rs 10.50 to Rs 62.50 and Thailand moved downward by Rs 10 to Rs 60.
On Saturday firm trend was again witnessed on the grain market as most of the buyers were on the sideline, exchanging views over the presidential elections. On Jodia Bazaar raw rubber Ceylon closed down.
The changes were:.RAW RUBBER CEYLON (per lb): Merryrub (Equivalent to RSS3) was quoted at Rs 111, RSSV was quoted at Rs 112 and Pale Crape TPC3 finiished lower by Rs 2 to Rs 124.
Comments
Comments are closed.