Grams prices turn sharply higher due to approaching Ramazan; other items depict minor changes
Grams prices on the commodity market were sharply up, mainly because of approaching Ramazan, during the week under review.
On opening day commodities on the wholesale markets showed higher trend as barley Sindh and Mardan rose by Rs 50 to Rs 2600 and Rs 2650, wheat old bardana and new both rose by Rs 20 to Rs 2550 and Rs 2565 on the rice sector Irri-6 Sindh low type shed Rs 25 to Rs 2600, while the other type stayed unchanged at Rs 3700, superior Basmati in Punjab posted fresh gain of Rs 500 to Rs 7500 and Rs 8000. Castorseed Lasbela was quoted at Rs 2150 and Rs 2200, castorseed Sindh was quoted at Rs 2200 and Rs 2050, cotton cakes with bag in Sindh low type rose by Rs 5 to Rs 1350, while the other type was seen put at Rs 1425.
On Tuesday wheat old and new bardana rose by Rs 25 to Rs 2575 and Rs 2590, gur low type lost Rs 100 to Rs 6400, while the other type rose by same amount to Rs 7700, bajra conceded Rs 100 to Rs 2600 and Rs 2900, castorseed Nawabshah lost Rs 50 to Rs 2200 and Rs 2225, cottonseed cakes with bag in Sindh low type conceded Rs 5 to Rs 1375 and the better type gave in Rs 15 to Rs 1410.
On Wednesday wheat old bardana and new bardana enjoyed fresh gains by Rs 25 to Rs 2600 and Rs 2615, makai was quoted lower at Rs 2375, gram from Australia rose by Rs 200 to Rs 4700 and Rs 4900, gram dal from Australia rose by same amount to Rs 5700 and Rs 5900, gram 50x50 rose by Rs 250 to Rs 5450 and Rs 5650. Mind readers Ramazan is knocking-cotton cakes with bag in Sindh low type shed Rs 25 to Rs 1355, while better type was higher by Rs 15 to Rs 1425, Irri-6 Sindh low type rose by Rs 50 to Rs 3650, while better type was unchanged at Rs 3700.
On Jodia Bazaar (per 40 kg) white pepper rose by Rs 1000 to Rs 33000, black pepper from Singapore rose by Rs 400 to Rs 21,000, nutmeg rose by Rs 200 to Rs 30,000, the big cardamom was quoted at Rs 78000.
On Thursday trading activity slowed showing modest rising in guwar from Sindh, which pushed up by Rs 250 to Rs 5250 and Rs 5350, Irri rice 6 Sindh with bag low type lost Rs 25 to Rs 3625, while the better one was put at Rs 3700.
On Jodia Bazaar plastic moulding compounds (per lb) HDPE film Saudi 952 rose by 75-paisa to Rs 72.50, mobil was quoted at Rs 72 and TR144 rose by 50-paisa to Rs 72.50, HDPE injection Sabic 2000 56 shed Rs 1.25 to Rs 80, HDPE (Blow) Marlex Singapore lost Rs 1.75 to Rs 7225, and Iran ended with 25-paisa loss to Rs 70.50, LDPE 375 quoted at Rs 88.75, LL DPE W118 shed Rs 1.25 to Rs 71.50, 7087 dipped by Rs 1.25 to Rs 71.25, polypropylene (film) India quoted at Rs 82.25, polypropylene tape grade India lost 75 to Rs 79.50 and Saudia shed 75-paisa to Rs 79.50, polypropylene injection grade India ended down by 50-paisa to Rs 87, ABS (per bag) polylac 707 conceded Rs 200 to Rs 6800, while Iran was quoted at Rs 8000.
On Friday no business activity was seen as almost all the participants were busy in preparations for Juma prayers. On Saturday Wheat prices were up in process of modest trading.
Wheat old and new (bardan) appreciated by Rs 40 to Rs 2640-2655 due to rising demand by retailers, gur picked up Rs 100 to Rs 6500-7800, other items maintained overnight levels due to balanced demand and supply. Falling trend was seen on the grams side as grams Australia dropped by Rs 100 to Rs 4600-4800 and grams dal Australia also followed the same pattern, losing the same amount to Rs 5600-5800, other items were slightly changed but closed at the overnight levels. Irri-6 Sindh low type rose Rs 25 to Rs 3650, while the better type maintained overnight levels. Rapeseed Nawabshah gained Rs 50 to Rs 2250-2275 and rapeseed Mirpurlane followed the same trend, rising by Rs 25 to Rs 2250-2275.
On Jodia Bazaar China dyes items. The variations were: DYES NAPHTHOLS CHINA (Per pound): AS 100 percent was quoted at Rs 175.00, aS 80 percent closed higher by Rs 5 to Rs 160 and ASBS 100 percent finished up by Rs 10 to Rs 210.
BASES CHINA: Blue BB was quoted at Rs 450 and Scarlet G was also quoted at Rs 115.
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