Commodity prices generally steady

Farm commodity prices monitored by the Department of Consumer Affairs have generally remained steady or have shown mixed trend in different centers across the country in the week ending 4.5.2007.

Wheat prices remained steady at 13 reporting centres and declined at 4 centres. Wheat prices have shown increase only at Delhi.

Government has notified extension of duty free import of wheat till December 31 this year.

Sugar prices remained steady across majority of the centres and declined at a number of centres.

DGFT has lifted ban on exports of sugar through notification dated January 23, 2007.

Gram prices remained steady over the week across most of the centers and declined at Delhi, Jaipur and Shillong. Tur dal prices were also steady across most of the centers.

As on 8th May, public sector agencies have contracted import of 4.37 lakh tonne pulses. This comprises contract for 2.58 lakh tonne yellow peas, 1.32 lakh tonne urad, 15000 tonne moong, 30000 tonne tur and 2000 tonne dunpeas.

At Delhi, over the week ending 4th May, prices of rice, tur and mustard oil remained steady and prices of tea, sugar, gram and onion declined. Prices of wheat, vanaspati, potato and groundnut oil, however, shown an increase over the week.

Price of mustard oil and milk have remained steady for one month; that of atta for six months and that of packed salt for two years.

Source : Equity Bulls

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