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Mixed trend prevails in commodities market

August 13, 2016 by shekarm

In mixed trend, prices of commodities moved both ways at the wholesale foodgrains market during the week ended today.

After a firm opening on Monday and holding on to the gains, prices of urad dal, thoor dal, moong dal, gram dal, sugar and wheat encountered losses on Friday.

Maida was the sole net gainer during the week becoming dearer by Rs 100 per 90 kg while sooji remained unchanged at the previous week rate of Rs 3,200.

Urad dal, thoor dal and moong dal opened the week at Rs 13,500, Rs 13,200 and Rs 8,800, up by Rs 300, Rs 200 and Rs 300 per quintal, respectively from their previous closing rates.

However, all the three dals lost ground by Rs 500 each per quintal on Friday and ended the week at Rs 13,000, Rs 12,700 and Rs 8,300.

Gram dal opened the week at Rs 10,000, down by Rs 200 per quintal over the previous close, again lost another Rs 100 on Friday before ending the week at Rs 9,900 with a net loss of Rs 300 per quintal.

In contrast, maida (90kg) opened at the previous week close of Rs 2,600, went up by Rs 100 on Friday and ruled at the same rate today.

Wheat and sugar opened the week at Rs 2,900 and Rs 3,900, lower by Rs 50 and Rs 20 per quintal, respectively over the previous week close and maintained the same trend till today.

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