Prices move both ways on commodities' market

SHAFI AHMAD SYED

KARACHI: Shortened by one day on strike call by harassed businessmen trading experienced measured going, buying in mainly Ramazan related commodities during the past week.

The world powers were overawed by lingering multiple problems like debt and food prices. Bangladesh reported being hit by Euro crisis. Time weather was harsh for corn yield mainly US reported. Palm oil was softer while Canadian Canola behaved unfavourably for consumers.

Back to local markets, they moved gently as opening day was marked by nearly no changes. However, on the cereal side gur low type was unchanged at Rs 4400, while the better quality turned higher by Rs 100 to Rs 5500, til low type also showed some gains. It rose by Rs 200 to Rs 3800 while better type turned higher by Rs 100 to Rs 4300.

A foreign diplomat during a visit to Competition Commission of Pakistan expressed his view which should hear pleasant to Pakistan. US dy chief of mission Ambassador Richard Hoagland said CCP is future of globally competitive Pakistan.

Meanwhile commodities wholesale markets reported some fluctuations on both sides of counters, such as moong Australia rose for obvious reasons by Rs 250 to Rs 7250, masoor Canada dived down by Rs 300 to Rs 5200, masoor dal shed Rs 200 to Rs 6000, cottonseed oilcakes with bag Sindh low type lost Rs 150 to Rs 450 while the other quality gained Rs 100 to Rs 800.

Towards mid week world growers of wheat reported having gained, winter barley and rapeseed forecast to dip by 10 percent. Markets in some countries saw gains reversed on worry over Spain bailout. The world is seeking umbrella for improving lot of people in this part of the world, democracy is being discussed weather it is a worth-while system. In the process go-slow and strikes frequent. One such strike call was called by small businessmen who are faced with problem only government can solve.

Market fluctuations were not available on Friday as most of the participants were busy in preparations for Juma prayers.

Prices mostly drifted lower on the wholesale grain market on Saturday in process of retailers' active demand, dealers said.

On the grams side grams Australia No. 1 low type shed Rs 200 to Rs 7600 and better quality was down by Rs 400 to Rs 7800, grams Australia dal No.1 was lower by Rs 200 to Rs 9000-9400 and grams 50x50 followed same pattern, losing same amount to Rs 8300-8700, other items maintained overnight levels in process of trading, they said.

On the cereal sector makai low variety shed Rs 85 to Rs 2290 and best type shed Rs 100 to Rs 2300, other commodity items retained overnight levels, they said.

On the seeds counter cottonseed oilcake with bag Sindh low type shed Rs 100 to Rs 500 while the good type maintained overnight level at Rs 800 due to strong demand, rapeseed Nawabshah low type retained overnight level at Rs 2300 while the best type shed Rs,25 to Rs 2325 and rapeseed Dadulane low type lost Rs 150 to Rs 1950 and best type was down by Rs 125 to Rs 2000, they said.

On the rice sector, slight improvement was seen as Irri-9 Sindh low type gained Rs 75 to Rs 5400 while the best type was unchanged at Rs 5600, Irri-6 Sindh low type was up by Rs 150 to Rs 3550 and the good type rose by Rs 50 to Rs 3650, Irri-while low type was unchanged at Rs 2600 white, the best type was lower by Rs 50 to Rs 2650, they said.

Prices mostly drifted lower on the wholesale grain market on Saturday in process of retailers' active demand, dealers said.

On the grams side grams Australia No. 1 low type shed Rs 200 to Rs 7600 and better quality was down by Rs 400 to Rs 7800, grams Australia dal No.1 was lower by Rs 200 to Rs 9000-9400 and grams 50x50 followed same pattern, losing same amount to Rs 8300-8700, other items maintained overnight levels in process of trading, they said.

On the cereal sector makai low variety shed Rs 85 to Rs 2290 and best type shed Rs 100 to Rs 2300, other commodity items retained overnight levels, they said.

On the seeds counter cottonseed oilcake with bag Sindh low type shed Rs 100 to Rs 500 while the good type maintained overnight level at Rs 800 due to strong demand, rapeseed Nawabshah low type retained overnight level at Rs 2300 while the best type shed Rs,25 to Rs 2325 and rapeseed Dadulane low type lost Rs 150 to Rs 1950 and best type was down by Rs 125 to Rs 2000, they said.

On the rice sector, slight improvement was seen as Irri-9 Sindh low type gained Rs 75 to Rs 5400 while the best type was unchanged at Rs 5600, Irri-6 Sindh low type was up by Rs 150 to Rs 3550 and the good type rose by Rs 50 to Rs 3650, Irri-while low type was unchanged at Rs 2600 white, the best type was lower by Rs 50 to Rs 2650, they said.

Prices mostly drifted lower on the wholesale grain market on Saturday in process of retailers' active demand, dealers said.

On the grams side grams Australia No. 1 low type shed Rs 200 to Rs 7600 and better quality was down by Rs 400 to Rs 7800, grams Australia dal No.1 was lower by Rs 200 to Rs 9000-9400 and grams 50x50 followed same pattern, losing same amount to Rs 8300-8700, other items maintained overnight levels in process of trading, they said.

On the cereal sector makai low variety shed Rs 85 to Rs 2290 and best type shed Rs 100 to Rs 2300, other commodity items retained overnight levels, they said.

On the seeds counter cottonseed oilcake with bag Sindh low type shed Rs 100 to Rs 500 while the good type maintained overnight level at Rs 800 due to strong demand, rapeseed Nawabshah low type retained overnight level at Rs 2300 while the best type shed Rs,25 to Rs 2325 and rapeseed Dadulane low type lost Rs 150 to Rs 1950 and best type was down by Rs 125 to Rs 2000, they said.

On the rice sector, slight improvement was seen as Irri-9 Sindh low type gained Rs 75 to Rs 5400 while the best type was unchanged at Rs 5600, Irri-6 Sindh low type was up by Rs 150 to Rs 3550 and the good type rose by Rs 50 to Rs 3650, Irri-while low type was unchanged at Rs 2600 white, the best type was lower by Rs 50 to Rs 2650, they said.

Prices mostly drifted lower on Saturday. Grams Australia No. 1 low type shed Rs 200 to Rs 7600 and better quality was down by Rs 400 to Rs 7800, grams Australia dal No.1 was lower by Rs 200 to Rs 9000-9400 and grams 50x50 followed same pattern, losing same amount to Rs 8300-8700, other items maintained overnight levels. Makai low variety shed Rs 85 to Rs 2290 and best type shed Rs 100 to Rs 2300, other commodity items retained overnight levels. Cottonseed oilcake with bag Sindh low type shed Rs 100 to Rs 500 while the good type maintained overnight level at Rs 800 due to strong demand, rapeseed Nawabshah low type retained overnight level at Rs 2300 while the best type shed Rs,25 to Rs 2325 and rapeseed Dadulane low type lost Rs 150 to Rs 1950 and best type was down by Rs 125 to Rs 2000. Slight improvement was seen as Irri-9 Sindh low type gained Rs 75 to Rs 5400 while the best type was unchanged at Rs 5600, Irri-6 Sindh low type was up by Rs 150 to Rs 3550 and the good type rose by Rs 50 to Rs 3650, Irri-while low type was unchanged at Rs 2600 while, the best type was lower by Rs 50 to Rs 2650.