The week that ended on July 21 2012, wholesale grain and seed market ruled mixed, globally providing a bit relief to the people as some countries with surplus to meet the requirements of those who harvested much below their need. The sugar and rice ready for exports had hitch blocking their flow on price matter.
In Pakistan they hold month of Ramazan was loudly welcomed expecting packages that were planned and were in the air loud. The questionable characters on loiter on every nook and corner making common man's life unbearable and doming the festive occasion. The wholesale commodity markets are opening half heartedly for a couple of reasons surging rates and apprehensions of loss of goods being carried by him and even to his life.
However, the opening day on Monday saw a respectable number of fluctuation on the mainly higher side such as rapeseed Nawabshah rose by Rs 50 to Rs 4.75 and Rs 2500, rapeseed Dadulane up by Rs 100 to Rs 2100 while the other, better type soared by Rs 50 to Rs 2150, rapeseed Mirpurlane low quality up by Rs 50 to Rs 2475 and Rs 2500 while rapeseed cakes low type rose by Rs 10 to Rs 1120 while better type gained Rs 5 to Rs 1125, cottonseed cakes with bag Sindh low type rose by Rs 100 to Rs 500 while the better type was put at Rs 700, IRri-6 Sindh low type was lower by Rs 25 to Rs 3525 and better quality lost Rs 50 to Rs 3600.
On Tuesday grains and pulses soared while news about tea from Bangladesh was about rise as buyers outweighed slightly higher supplies. Canadian Canola gained more than one percent for higher demand from local crushers. However, hope for better production restrained sort of jump. Locally makai gained Rs 100 to Rs 2450 and Rs 2475, moong Australia rose by Rs 250 to Rs 7500, masoor Canada rose by Rs 100 to Rs 5300 however in subdued trading, yellow peas Canada low type rose by Rs 100 to Rs 4400 while fine quality rose by Rs 250 to Rs 4650, yellow peas dal Canada rose by Rs 250 to Rs 5300, yellow peas Russia low type rose by Rs 50 to Rs 4200, better type up Rs 100 to Rs 4450, yellow peas dal from Russia rose by Rs 100 to Rs 4900 and Rs 5100.
On Wednesday soft commodities rose with surprised gain in NY cotton. However, a few changes marked in Pak wholesale markets wheat old and new rose to Rs 2650 and Rs 2690, Irri-6 Sindh low type shed Rs 25 to Rs 3500 while better type shed Rs 50 to Rs 3550.
On Thursday fruits and vegetable prices skyrocketed, farmers were advised to sow grains by mid-August for better result. On world front Eurozone was reported re-emerging as big headache. Except cotton which is nose diving for regular arrivals other grains are on the move upside for obvious reason: Ramzan is in .The gram No. I Australia rose by Rs 100 to Rs 7800 and Rs 8200, gram dal Australia No I rose by Rs 100 to Rs 9400 and Rs 9800, bajra low quality rose by Rs 150 to Rs 3000 while the other type showed no change at Rs 4400, guwar Sindh and Punjab rose sharply by Rs 400 to Rs 17000 and Rs 18000, cotton cakes with bag Sindh low type lost Rs 50 to Rs 550 while the superior type was put at Rs 100.
On Friday the market players remained busy in preparations for Juma prayers, Hence, no price change was reported.
On Saturday on the seed counter rapeseed cake gained Rs 50 to Rs 1170-1175, other items maintained overnight levels. Prices were unchanged on the cereals, rice and grams sectors.