DELHI, May 22: Steady-to-weak conditions were noticed on the Delhi grains and pulses market on Thursday.

Daily arrival of wheat climbed upto 40,000 bags, consequently, wheat dara, slipped by Rs 10 at Rs 515-525 a quintal. Similarly, roller flour mill atta, maida and suji was down by Rs 5 per bag. The local grain traders further said, that this year wheat crop was reported bumper, therefore, after procurement by the Govt, wheat prices in the mandies are likely to slide down.

Among pulses, Rajasthani gram dipped by Rs 10 a quintal and demand in gram dal from upcountry buyers was reported poor.

Sugar steady

Business in mill delivery sugar was reported normal. Mawana was traded at Rs 1428, Simbhauli at Rs 1355, Dauralla at Rs 1348, Ramala S-grade at Rs 1232, Chhatta Rs 1360, tax-paid Khatauli at Rs 1428, Dhampur at Rs 1405 a quintal and Delhi delivery from Jagadhari was quoted at Rs 1530 a quintal. Demand in gur and khandsari remained dull.

Sesame oil spurts

Despite weak Mumbai advices, mustard and cottonseed oils on the local market improved by Rs 10-20 a quintal amidst tight supply position. In Ganganagar, they were priced at Rs 2525 and Rs 2740 a quintal.

Inflow of new red sesame from West Bengal is likely to be delayed, consequently, sesame oil flared up by Rs 50 a quintal. Groundnut oil in Gujarat was quoted at Rs 3520 and in Mumbai at Rs 3550 a quintal.

Dry mango nose-dives

Superior dry mango nose-dived by Rs 700 at Rs 8500 a quintal as bulk buyers withdrew from the market, anticipating further fall in prices. Mango crop this year was reported bumper one. In the wake of weak demand from the importing countries, soanf crashed by Rs 500 and black pepper went down by Rs 100 a quintal.

Superior Longi red chillies of Punjab, priced at Rs 4500 a quintal, was reported out of stock. New red chillies of Bareilly expected to flow to the market after a fortnight and from Punjab after a month. On strong wedding demand, Chiraunji firmed up by Rs 10-15 at Rs 190-240 a kg.

Silver suffers

White metal suffered a mild loss while yellow metal, on the local bullion market held steady on Thursday.

On weak New York advices coupled with inflow of about 6000 kgs of imported silver followed by weak demand from upcountry operators, spot silver .999 went down by Rs 35 at Rs 6815 a kg. Silver coins, however, held steady at Rs 10,100-10,200 per 100 pieces.

Gold on London market showed improvement at $ 342.25 an ounce, consequently, gold standard looked up by Rs 5 at Rs 4820 and gold biscuit held steady at Rs 4790 per 10 gram.

Demand from jewellers was reported poor. Gold sovereign held steady at Rs 3850-3875 per 8 gram. About 100-125 kgs gold was reported to have arrived on Wednesday under the Special Import Licence.

MUMBAI: Gold silver prices depressed after a firm beginning on the bullion market on Thursday Standard gold slide by Rs 5 at Rs 4,760 per 10 gm. Gold .22 carat slipped from Rs 4,410 to Rs 4,405 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) dropped by Rs 100 at Rs 55,700 per piece.

Seasonal buying was sluggish while subdued sentiment in the international market dragged local prices down, it was said. Volume of trading however was at a low ebb on Thursday on account of thin attendance. In Madras gold prices quoted lower at Rs 4,855-4,860 per 10 gm. In the global market the yellow metal fell to $342.50-343 per ounce.

Silver .999 softened from Rs 6,875 to Rs 6,870 per kg. Silver .916 in the ready section closed lower by same margin at Rs 6,770 per kg.

Industrial demand was at a low ebb while supply position improved considerably. However restricted arrivals of imported silver and sliding global prices prompted fresh offerings, according to traders. In the world market silver softened to $4.68-4.69 per ounce.

Mentha oil slips

Mentha oil traded downward by Rs 30 at Rs 410 per kg discouraged by the commencement of new crop mentha oil.

Menthol bold and flake also lost Rs 10-20 at Rs 780 and Rs 600 per kg. Stock of Titatnium dioxide TTK and K. brand being sufficient and sales down, it fell by Re 1 per kg. Caustic soda flakes softened by Rs 5-10 per 50 kg in the absence of buying support. Whereas acetic acid held steady on poor supply position.

Nickel higher

The market had the rumour of hike on import duty, hence tin ingot, firmed up by Rs 2 at Rs 309 per kg.

The trend extended to nickel plate marked up by Rs 5-6 at Rs 367-430 per kg on demand surge from stainless and electroplating units. On lack of arrivals, brass accessories, brass scrap Bharat and brass boring moved up by 50 paise to Re 1 per kg. Lead ingot desi soft and hard edged up by 25 paise per kg. Other metals traded unaltered.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.