Sugar spot market witnessed weak sentiments during Friday’s trade when the spot prices eased slightly in the major markets like Delhi, Muzaffarnagar and Kolkata amidst poor physical demand and Government’s decision to release free sale quota of sugar. The Government has decided to release 13 lakh tonnes of non-levy sugar quota for the month of February 2007. The Government has already released 1.74-lakh tonnes levy sugar for distribution in the PDS for the month of February 2007. Thus, the total sugar released for the month of February 2007 remains at 14.74 lakh tonnes. The above quantity is sufficient to cater the regular consumptive demand.

Wheat prices remained firm in majority of domestic markets during Friday on lower arrivals. At Delhi, Wheat dara for mills was up by Rs.20 per Qtl. at Rs.1060-1070/qtl on decreased arrivals around 3,000-4000 bags. To curb high prices of atta/suji, the govt. has decided to release 4 lakh tonnes of wheat under the open market sales scheme in the domestic markets. Fresh wheat crop continue arriving in market yards of Gujarat. Both experts and market observers are closely watching weather for the likely impact on the growing crop.

The guar spot markets witnessed firm sentiment during Friday's trade, when the spot prices of guar seed and guar gum quoted higher in majority of markets. Moreover, the firmness in the futures market, also affected the spot market sentiments. The arrivals at major physical markets are reported to be steady at around 15000-16000 bags. Arrivals declined from 1200 bags to 800 bags in Bikaner, while arrivals remained steady at 400 bags in Nokha. Millers remained active during the today’s trade, while stockists and exporters remain silent in the market, as they have ample of stocks with them. Market continues to look for direction.