Grams prices declined on the wholesale grain market on Thursday in process of trading, dealers said. On the grams sector yellow peas Canada shed Rs 50 to Rs 3850-4050, yellow peas Canada dal followed same pattern, losing equal amount to Rs 4300-4500, yellow peas Ukraine low type lost Rs 200 to Rs 3500 and better type shed Rs 100 to Rs 3800 and yellow peas Ukraine dal dropped by Rs 50 to Rs 4150-4350.
Guwar Sindh and Punjab, however, gained as low types picked up Rs 200 to Rs 7400 and superior types were up by Rs 300 to Rs 7600. On the cereal side wheat old and new Bardan inched up by Rs 5 to Rs 2700 and Rs 2715, respectively, they said. On the seed side, til low type retained overnight level at Rs 3200 while the best type rose by Rs 50 to Rs 3500, cottonseed oilcake with bag Sindh low type picked up Rs 25 to Rs 850 due to rising demand, at the same time best quality retained the overnight level at Rs 900, they said.
On the rice sector prices managed to hold the overnight levels due to balanced demand and supply, experts said. Some of them were of the view thai rice prices may not move sharply in the absence of strong demand by foreign buyers and local as well. Because after the news that Bangladesh will not import rice over the next six months to June 2012 for it has bulging domestic stocks and procurement at home is rising, thanks to successive record crops, a senior procurement official said on Wednesday.
Although Bangladesh is the world's fourth biggest rice producer, with average annual output of 33 million tonnes, it emerged as a major importer early this year, doing several government-to-government deals with Vietnam and Thailand, the world's top two exporters of the grain. Thai exporters have started buying cheaper rice from India and Pakistan to meet its export commitments.
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