Commodities price changes few and far due to transport problem, shortened working week

15 Nov, 2010

The commodities whole markets took the normal trading only after Iqbal Day holiday, showing pace with fluctuation both ways. The transportation problem due to non-availability of trucks led to modest sales during the week ended on November 13, 2010. The market was closed on account of Iqbal Day, on Tuesday the rates consequently were not available. This was second consecutive day commodities wholesale markets looked deserted and dry.
On Wednesday Urad Burma rose strongly by Rs300 to Rs3850, wheat old and new both ended with gains of Rs10 to Rs2650 and Rs2665 while khandsari was higher by Rs500 toRs100. Gram Australia scaled higher by Rs1000 to Rs5100 -Rs5300. Gram 50x50 rose by Rs200 to Rs5500 and Rs6400. Yellow peas Canada added Rs100 to Rs3150 and Rs3300, yellow peas dal rose by same amount to Rs3550 and Rs3700. Bajra rose by Rs100 to Rs2400 and Rs2700, bajra rose by same amount to Rs2400 and Rs2700, Irri 6 Sindh was up Rs25 to Rs3550 and Rs3325 and cottonseed cakes Sindh with bag quoted at Rs1332.
On Jodia Bazar Kenyan tea (per kg) PF-1 A grade rose by Rs5 to Rs390, B grade lost Rs12 to Rs300 and plus C grade down by Rs5o to Rs340. D-1 A grade rose by Rs10 to Rs390, while B grade lost Rs5 to Rs360, Bangladesh Khushbu rose by Rs10 to Rs210 and Garden pack BOP rose by Rs25 to Rs225.
On Thursday modest trading transpired as makai was quoted at Rs2500 and Rs2525, barley Sindh and Mardan registered at Rs2500 and Rs2550, wheat old and new down Rs50 to Rs2600 to Rs2615, Irri six Sindh quoted at Rs3300, rapeseed Nawabshah and Mauripur lane quoted at Rs2275 and Rs2300, rapeseed cakes low type rose by Rs40 to Rs920 while better type was up Rs35 to Rs925, cotton cakes in Sindh was quoted with bag at Rs1300 and Rs1320.
On Jodia Bazar plastic moulding compounds closed mixed. The changes were: PLASTIC MOULDING COMPOUNDS (Per lb): HDPE (FILM): Saudia 952 edged up by Rs 3 to Rs 66, Mobil closed higher by Rs 2.50 to Rs 65 and TR144 moved upward by Rs 2 to Rs 66. HDPE (BLOW): Marlex edged up by Rs 2 to Rs 68 and Iran closed higher by Rs 3 to Rs 65.
LDPE: 374 moved upward by Rs 4 to Rs 85, MG 20 edged down by Re 1 to Rs 87 and MG 70 finished lower by Rs 5 to Rs 88. LLDPE: W118 closed higher by Rs 3 to Rs 69, 7087 finished up by Rs 3 to Rs 69 and Sabic 500026 was quoted at Rs 88. POLYPROPYLENE (FILM): Thai ended up by Re 1 to Rs 71, Kuwait closed higher by Re 1 to Rs 71 and India moved upward by Re 1 to Rs 71. POLYPROPYLENE (TAPE GRADE): India went up by Rs 3 to Rs 69, Kuwait closed higher by Rs 3 to Rs 69 and Saudia edged upward by Rs 3 to Rs 69. POLYPROPYLENE (INJECTION GRADE): Saudia edged up by Re 1 to Rs 69, India moved upward by Re 1 to Rs 69 and Kuwait was quoted at Rs 69. POLYSTYRENE: Pakistani was quoted at Rs 4,213. COPOLY: Block was quoted at Rs 80 and Randon finished higher by Rs 5 to Rs 85. HIGH IMPACT (Per bag): Pakistani was quoted at Rs 4,674. ABS: Polylac 707 finished up by Rs 450 to Rs 6,650 and Iran moved higher by Rs 400 to Rs 6,500.
On Friday no trading activity was seen on the wholesale grain and seed market as most of the players were busy in preparations for Juma prayers and commodity items maintained overnight levels.
On Saturday listless business was seen as participants were on the sidelines ahead of Eid-ul-Azha holidays. A solo deal was seen on the rice sector, Irri-6 Sindh registered higher at Rs 3300-3325, other items maintained their overnight levels. On the cereal side, Gur posted fresh gain of Rs 200 to Rs 6800-7400, balanced demand and supply did not allow any item to move any side. On the seeds side cottonseed oilcake with bag Sindh low type shed Rs 10 to Rs 1290 and best type was down by Rs 20 to Rs 1300.

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