Rates of commodities moved both ways during the week, shortened by Eidu-Azha holidays, on the wholesale commodities market as buyers resorted to lower buying pace. Gur, moong, masoor Canada, cotton cakes, guwar, till and plastic mouldings were reported retailers laid hands on.
On Monday, on the seed and grain markets guwar Sindh low type rose by Rs 200 to Rs 2400 while better type rose by Rs 100 to Rs 3600, guwar from Punjab lower type shed Rs 100 to Rs 2700 better type rose by Rs 300 to Rs 3100. Gur better type lost Rs 100 to Rs 5800, while low type was unchanged at Rs 5200, cottonseed oilcakes with bag from Sindh low type gained Rs 20 to Rs 1,050, while the other type was quoted at Rs 1,060. Rapeseed Dadulane rose by Rs 50 to Rs 1,350 while the better type was quoted at Rs 1400. Til inferior type shed Rs 100 to Rs 3,800, while the other variety shed Rs 200 to Rs 4,100 and castorseed Sindh rose by Rs 100 to Rs 1,300.
On Jodia Bazar plastic mouldings compound (per Lb) HDPE (film) Saudia 952 rose by Rs 2 to Rs 63, Mobil rose by same amount to Rs 63 and TR144 up by Rs 2 to Rs 63. HDPE (Blow) Kuwait rose by Re 1 to Rs 65, and Iran rose by Rs 1 to Rs 63. LLDPE 7078 rose by Re 1 to Rs 65, Polypropylene (film) Thai rose by Re 1 to Rs 58, Kuwait rose by 25 paisa to Rs 58 and India rose by Rs 1.25 to Rs 58. Polypropylene (tape grade) India was quoted at Rs 56.25 and Saudia rose by Re 1 to Rs 56, polypropylene (injection grade) Saudia up Rs 1.25 to Rs 57.25, India rose by Rs 1.25 to Rs 57.25 and Kuwait up Re 1 to Rs 57. Polypropylene: Pak quoted at Rs 3,630 high impact (per bag) Pakistan quoted at Rs 3,935. On Tuesday gur low type shed Rs 200 to Rs 5000 while better type rose by Rs 100 to Rs 5,900, moong Punjab shed Rs 250 to Rs 5,500, masoor Canada down by Rs 100 to Rs 7,800. Wheat lost Rs 25 to Rs 2,625 while the other type was quoted at Rs 2,640, cottonseed oilcake with bag from Sindh low type was up by Rs 10 to Rs 1,060 and better type rose by Rs 20 to Rs 1,080.
On Wednesday wheat recovered Rs 25 to Rs 2,650 and Rs 2,665. Guwar from Sindh rose by Rs 200 to Rs 3,600, guwar Punjab low type rose by Rs 500 to Rs 3,200, while the other type rose by Rs 300 to Rs 3,400. Gram 50x50 inferior type shed Rs 200 to Rs 4,000, while better type was down by Rs 100 to Rs 4,300. Bajra low type lost Rs 25 to Rs 1,375 while the other type was quoted at Rs 2,625, cottonseed oilcakes from Sindh with bag shed Rs 10 to Rs 1,060 while the other quality was quoted at Rs 1,070.
On Thursday small business was seen in the absence of proper interest of buyers. On the rice sector Irri-9 Sindh low type was higher by Rs 300 to Rs 2,800 and best type was up by Rs 100 to Rs 2,900, it was attributed to the rise in prices due to expected increase in demand by the exporters. It is most likely that prices may surge in the coming days because the State Bank of Pakistan (SBP) has increased finance facility for rice exporters aiming to enhance exports, which fetched 1.99 billion dollars as export proceeds last year. In the absence of financial supports to the rice producers, the rates had come down in the local market, besides, rice stock is piling up, but now this move by the government, expectedly would bring great help for the rice growers and exporters.
On the cereal side wheat gave up overnight gains, losing Rs 25 at Rs 2,625-2,640 in lacklustre trading. Rapeseed Nawabsh-ahlane low type was higher by Rs 75 to Rs 1,700 and good type was up by Rs 120 to Rs 1,785.
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