Commodities' prices move within obtaining range on domestic market, show rising trend on global markets

The 2012-13 budget made market traverse with measured pace, while holy Ramazan prompted faithfuls to lay hands on stuff likely to turn pricey. On the globe front Russian wheat faced hurdle in exports, though food prices registered four percent loss during May. Dollar drifted lower owing to US job data (The job data has meanwhile calmed). Other big powers have also been tightening belt to browbeat puzzling rogues. As the hottest week lapsed, trading according to traders was cautious.
However, moong Australia rose by Rs 15 to Rs 7000. Masoor dal Canada lost Rs 300 to Rs 6200, urad Burma rose by Rs 200 to Rs 2400, cotton seed cakes with bag in Sindh low type was unchanged at a Rs 600, while the other type rose by Rs 100 to Rs 800.
Obviously just hours after budget grains, an item must for Ramazan soared. Grams from Australia No I shed Rs 100 to Rs 7500 and Rs 7900, gram dal Australia NoI was sharply down by Rs 100 to Rs 9000 and Rs 9400, grams 50x50 shed Rs 100 to Rs 8300 and Rs 8700, yellow peas Canada shed Rs 50 to Rs 4450 and Rs 4650, yellow peas dal Canada was unchanged at Rs 5000 and Rs 5200, yellow peas Ukraine shed Rs 50 to Rs 4200 and Rs 4450, yellow peas dal Ukraine shed Rs 50 to RS 4700 and Rs 4900, yellow peas Russia lost same amount to Rs 4300 and Rs 4500, yellow peas dal Russia low type lost Rs 50 to Rs 4800 and the other type lost Rs 100 to Rs 5000, rice Irri-6 Sindh lost Rs 25 to Rs 3450 to Rs 3550, makai low type gained Rs 25 to Rs 2250, while better type stayed put t Rs 2375, juwar lost Rs 300 to Rs 2200 and Rs 2300, only change was marked in cakes which gained Rs 20 to Rs 950 to Rs 960.
Meanwhile, Bangladesh tea prices maintained rising trend despite offer was visibly high, the 2012-13 budget in Pakistan leniently cut import duty amount.
On Wednesday grain was expected to grow that may meet the world needs adequately. The edible oil prices were also reported favourably low. Gur in local market was unchanged at Rs 4400, while the better quality shed Rs 100 to Rs 5400, the barley Sindh and Mardan rose by Rs 50 to Rs 3400 to Rs 3450, whet old and new bardan rose by Rs 10 to Rs 2610 to Rs 2640, Irri-white shed Rs 100 to Rs 2600 and Rs 2700, Basmati low quality stayed put at Rs 4800 while the other type was higher by Rs 500 to Rs 5500.
On Thursday despite the increase in the world commodity prices, rates of some items fell on the local market. In the international commodities sector, metals, energy, grains and other markets pushed the global benchmark Thomson Reuters-Jefferies CRB index up by 1.25 percent. Commodities posted biggest rebound in more than three months, also on growing hopes for a solution to the euro zone crisis and a stimulus measure for US growth. Many in the wholesale market were hoping that this major development may help prices to move up but they observed reverse position despite the fact that Ramazan is not far. On the cereal side guwar Sindh and Punjab drifted lower on easy supply, losing Rs 400 to Rs 22000-23000, other items maintained overnight levels amid thin trading. On the seed counter cottonseed oilcake with bag Sindh low type shed Rs 100 to Rs 500 and better quality followed the same pattern, falling by Rs 200 to Rs 600 during the session, they said. On the rice sector Irri-6 Sindh picked up Rs 50 to Rs 3500-3600 due to slight improvement in demand, they said. The grams sector held the overnight levels.
On Jodia Bazar plastic mouldings compounds (per lb) HDPE film Saudia 952 ended down 50 paisa to Rs 79 and TR 144 shed Re 1 to Rs 78.25, HDPE injection Sabic 200056 lost Rs 3 to Rs 81, Mobil 016 quoted at Rs 83, HDPE blow Marlex Singapore down Rs 13 to Rs 84, LDPE 374 lost Rs 7 to Rs 80, LLDPE W118 quoted at Rs 77.40, 7087 quoted at Rs 76.75, polypropylene film Saudi Arabia lost Rs 5 to Rs 80 and India quoted at Rs 81, polypropylene tape grade India ended down by Rs 5.50 to Rs 76.50, Kuwait ended Rs 5.45 to Rs 76.50 and Saudia lost Rs 5.50 to Rs 76.50, polypropylene (injection grade) Saudia lost Rs 3.50 to Rs 800, Indian quoted at Rs 80.75, polystyrene Pak quoted at Rs 4670, High impact (per bag) Pak quoted at Rs 3,366 and ABS (per bag) Polylac 707 ended low by Rs 400 to Rs 6500.
On Friday prices maintained overnight levels on the wholesale grain and seed market as almost all the participants were busy in preparations for Juma prayers.
On Jodia Bazar chemical items ended mixed.. The changes were: RANGOLITE 'C' (Per pound): China closed higher by Re 1 to Rs 91, Germany moved lower by Rs 3 to Rs 100 and India went up by Rs 2 to Rs 92. HYDROSULPHITE: China 88 percent moved downward by Rs 17 to Rs 160, Germany edged lower by Rs 7 to Rs 198 and India ended down by Re 1 to Rs 76. ACETIC ACID: Taiwan moved upward by Rs 2.60 to Rs 94.60 and Korea went up by Re 1 to Rs 92. HYDROGEN PEROXIDE: Korea 5 percent was quoted at Rs 47 and Thailand closed higher by Rs 5 to Rs 45.