DELHI, May 16: All the major wholesale commodities markets of spices, dry fruits, bullion, chemical, cotton, non ferrous metals, pure ghee and milk powder kept their shutters down on fifth day on Friday following the Trade Bandh.

A mixed trend prevailed on the local grains and pulses market on Friday.Daily arrival of wheat on the Delhi mandies from the neighbouring states climbed upto 30,000 bags, consequently, wheat dara went down to Rs 515-525 per quintal.

Maida and suji went down to Rs 560 and Rs 650 from Rs 585 and Rs 665 a bag respectively in sympathy. However, roller flour mill atta, on zooming local demand, firmed up by Rs 15 at Rs 520 per bag.

Common basmati rice prices remained subdued at Rs 3000-3250 a quintal. It was reported that deals for about 2500-3000 bags of basmati rice were concluded by the exporters for Kandla delivery in Punjab.

Local traders procured about 5000 tonnes sela permal rice from Andhra at Rs 750 a quintal, consequently, its prices on the local market, dipped by Rs 25 at Rs 800-900 a quintal.

A leading pulses trader of Naya Bazar opined that imported kabligram which at present, are priced at Rs 2100 a quintal, may climb upto Rs 2400 a quintal as ensuing crop of kabligram in Turkey was damaged because of heavy rains.

Among coarse grains, inferior maize slipped by Rs 10 at Rs 540 per quintal on good offerings from Bihar while superior red maize of Rajasthan and Karnataka ruled firm at Rs 600 a quintal.

White gowar, which during last week, ruled at Rs 1425 a quintal shot upto Rs 1600 a quintal on strong speculative buying.

Moong, urad and moth prices firmed up by Rs 25 at Rs 1300-1575, Rs 1490-1650 and Rs 1250-1400 a quintal respectively on emergence of renewed buying support from dal millers. Rajasthani gram recorded a gain of Rs 35 at Rs 1425 because of decline in offerings and gram dal went upto Rs 1590-1660 a quintal.

Gur, khandsari firm

Mill delivery sugar prices for superior goods were quoted higher by the millers while co-operative and official mills prices were quoted lower.Scattered deals in mill delivery sugar Mawana were settled at Rs 1448, Simbhaouli at Rs 1372, Modi at Rs 1332, tax-paid Khatouli at Rs 1395 and Dhampur were traded at Rs 1420 a quintal.

Gur and khandsari prices revealed a firm tendency.

G'nut oil slumps

Groundnut oil climbed down by Rs 100 at Rs 3750 a quintal because of weak demand from vanaspati and refined mills and mustard and cottonseed oils also dipped by Rs 20-30 a quintal.

Vanaspati prices in Haryana dipped by Rs 5 a tin, consequently, June delivery sunflower oil in Punjab went down to Rs 2700 a quintal. Sunflower seed from Punjab has started flowing to the market and about 2500 bags of new sunflowerseed were reported to have arrived from Bihar, which were traded at Rs 1250 a quintal.

MUMBAI: The oils and oilseeds market ruled weak on Friday as groundnut oil declined on reduced local offtake coupled with subdued upcountry advices. Palm oil also eased on good supply.

Linseed oil lost demand from the paint industry and dropped afresh helped by lower upcountry advices. In the futures market, castorseed June failed to find exporters support and remained weak.

Groundnut oil dropped to finish at Rs 359 from Rs 362 on Thursday. Groundnut bold, however, showed no change from its previous close of Rs 1880.

Palm oil eased moderately to close at Rs 282 against the last close of Rs 283.

In the non-edible section, linseed oil dropped by Rs 5 to Rs 290 from Rs 295 previously. Linseed bold held steady at the last level of Rs 1300.

Castor oil and castorseed madras remained unchanged at Rs 250 and Rs 1104 respectively.

In the futures market, castorseed June opened slightly weak at Rs 1099 and in the wake of poor export orders dropped to close at the day's lowest level of Rs 1092 compared to the previous level of Rs 1099.50.

Bullion subdued

Subdued conditions prevailed on the local bullion market on Friday.Local bullion market remained closed on Friday. However, gold on the London market having climbed upto $ 352 dipped to $ 347.50 per ounce, consequently, gold biscuit and standard mint gold slipped by Rs 10 at Rs 4850 and Rs 4880 per 10 gram respectively.

In the absence of quotations from New York market, spot silver went down to Rs 7045 from Rs 7090 a kg. There were no transactions from upcountry operators because of strike.

MUMBAI: Weak trend continued to prevail on the bullion market on Friday when both the precious metals, silver and gold declined on poor industrial and seasonal demand.

Subdued overseas advices also dampened the market sentiment.

Ready silver of .999 fineness dropped by Rs 30 to close at Rs 7050 from Thursday's mark of Rs 7080. Raw silver of .916 fineness finished lower at Rs 6050 against the previous level of Rs 6975. Tenderable silver also remained subdued and closed at Rs 7055 from Rs 7085.

Standard gold slipped to terminate at Rs 4820 against Rs 4825 previously. 22-carat gold was nominally quoted lower at Rs 4460 from Rs 4465. Ten-tola gold bar of .999 purity fell by Rs 100 to close at Rs 56,300 compared to the last mark of Rs 56,400.

Jute goods down

Prices of jute products in Calcutta climbed down by Rs 200-300 per tonne coupled with increased offerings and due to weak demand from local as well as upcountry buyers, B.Twill (2 & 2, lbs) and Harapatta bardana climbed down by Rs 55-95 at Rs 1730, Rs 1975 and Rs 1650 per 100 sacks respectively.

Similarly, A. Twill tumbled down by Rs 100 at Rs 2275 per 100 bags because of weak demand from sugar millers. Hessians, as per size, eased by Rs 5-10 per 91.4 metres as demand from local buyers was reported dull as major local wholesale markets remained closed because of `Traders Bandh' called to protest against Delhi Rent Control Act, 1995.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.