Spot market prices of sugar quoted slightly higher in the major trading centers like Muzaffarnagar and Kolkata amidst improved demand and normal supply from mills, while the spot prices in Delhi eased slightly on weak demand. Further, according to the market sources the prices will pick up some momentum, if some bulk demand originates from the beverage industry and export activity pick up. While domestic sugar situation is weak, there is no parity on the export front, resulting in steady decline in sugar prices.

Wheat prices reflected weak undertone in most domestic markets on steady arrivals amidst poor demand at higher price levels. The lower wheat product demand due to higher prices restricted roller flour millers demand. At Delhi, Wheat dara for mills quoted steady at Rs.1080/qtl on lower demand from roller flourmillers. However some demand is witnessed from local chakki millers. Arrivals remained 4000-5000 bags. Fresh arrivals of wheat are reported from Gujarat mandis. In Rajkot, fresh arrivals reported at 600-700 bags per day and price declined to Rs.1100-1105. However, the supply is confined in the state itself. With the outlook of higher crops the Maharashtra govt. eased storage limits on wholesalers imposed under the Essential Commodities Act.

Guar spot market observed weak sentiments on Thursday’s where spot prices of guar seed and guar gum declined in majority of markets amidst weak demand and steady arrivals. Arrivals stood steady at 1100 bags in Bikaner, 400 bags in Nokha. Overall arrivals remain steady at 16000-18000 bags a day in all over India. Stockist’s activity remains silent in the market while slight demand from millers was observed at lower guar seed prices. Further, ban on futures trading in tur and urad along with weakness in guar futures market, affected trading activities in the spot market.