Short and medium staple items of Gujarat price crashed by Rs 500 to 600 a candy on panicky offerings. V-797 slumped to Rs 14,300-14,600. Society goods were mentioned at Rs 15,000. Morbi wagad fell to Rs 14,000 and kala-ginned to Rs 13,500 spot. Sanker ruled static in the range of Rs 19,000-21,500.In Punjab zone, Bengal Deshi price plummeted by Rs 25 a maund at Rs 1500-1550. J-34 shed Rs 10 a maund. Good average ruled at Rs 1970-2010, Cart-selected at Rs 2060-2090.

Grains quiet

A quietly steady condition continued on the grains market. Activity was limited.

Wheat milling were on offer at Rs 615-621 a quintal. Wheat Saurashtra Lokvan were placed at Rs 700-850 and north Gujarat at Rs 650-750. MP 147 were placed at Rs 675-1000. Sarbati superior continued to evoke seasonal buying support from the consumers. The price ruled inthe range of Rs 1000-1600.Rice Gujarat-17 were traded at Rs 1050-1300. Permal medium ruled at Rs 850-950 and superiror at Rs 1100-1200.

Among imported pulses, green peas USA were placed at Rs 1600-1625 and Canadian at Rs 1181-1191. White peas Canadian were on offer at Rs 975. Moong Myanmar were transacted at Rs 1750-2000. Urad Myanmar old were on offer at Rs 1171-1175 while new were transacted at Rs 1191-1200. Australian gram were placed at Rs 1150-1175. Kabuli gram A-2 at Rs 2500-2600, B-2 at Rs 2100-2300 and C-2 at Rs 1700 were maintained.

Sugar mixed

Sugar market ruled narrowly mixed in modest volume of business.

Ex-godown the price ruled better by Rs 5 a quintal on restricted supply. M-30 were placed at Rs 1520-1564 and S-30 at Rs 1475-1510. Ex-octroi checkpost, M-30 gained Rs 5 at Rs 1500-1520 but S-30 shed Rs 5 at Rs 1460-1490.

Among imported sugar, Pakistani sugar earlier rose by Rs 5 at Rs 1435 but retreated to finish unchanged at Rs 1430 on lack of buying support at higher level.French reacted by Rs 5 at Rs 1395.

Yarn listless

A listless condition prevailed on the yarn market. Activity contiuned to be sluggish and financial stringency unabated.

Viscose filament yarns bright cones first quality Century Rayon/Indian Rayon 150dn ruled at Rs 228, 120dn at Rs 247, 100dn at Rs 265 and 75dn at Rs 269 a kg. 120dn dull cones were on offer at Rs 261.

Nylon yarn Gujnil 15/1/0dn were placed at Rs 265, 20/1/0dn at Rs 230, 30/1/0dn at Rs 380 and 111/24/0dn at Rs 168.

Bullion suffers

Both the precious metals suffered a fresh setback on the bullion market here today. Silver .999 moved down by Rs 15 at Rs 8,780 per kg. In the ready section silver .916 fell by Rs 5 at Rs 8,676 per kg in sympathy. Industrial demand was dull while continued arrivals of imported silver coupled with weak overseas advices triggered fresh selling. In Delhi silver forward delivery ruled quiet at Rs 8,770 per kg. Ready delivery was quoted at a premium of Rs 40/50 against forward delivery. In globalmarket silver fell from $6.35 to $6.29 an ounce.

Standard gold slid by Rs 5 at Rs 4,205 per 10 gm. Gold 22 carat eased by same margin at Rs 3,890 per 10 gm. Prices of gold biscuit (116.50 gm.) softened by Rs 100 at Rs 49,300 per piece. Seasonal buying was thin while weak overseas advices put pressure on the prices. Fresh inflow remained at a low ebb. In the global market the yellow metal placed lower by 70/75 cents at $308 an ounce.

Castor futures harden

Groundnut oil ruled easy on the oil,oilseeds market here today. Castorseed and its oil remained weak in the ready delivery while prices hardened in the forward section.

Groundnut oil declined by Rs 6 at Rs 422 per 10 kg amidst thin enquiries while continued arrivals from southern centers triggered unloading by stockists. Fresh inflow of imported palm oil at Mumbai port also subdued the sentiment of the market, according to dealers. In Rajkot it was remained unchanged at Rs 624/625 per 15 kg.

Imported palm oil reacted by Rs 5 at Rs 379 per 10kg exclusive of tax on improved arrivals. News that Indonesia has lifted the ban on export of palm oil also attributed to the weak sentiment and in turn importers were active sellers.

Castor oil slid by Rs 2 at Rs 278/290 per 10 kg. Castorseed ready slipped by Rs 10 at Rs 1232/1238 per quintal.

In the futures section castorseed June delivery bounced back from 1291.50 to Rs 1297 on fresh bull buying while higher Ahmedabad advices prompted short covering, floor sources said.

In Ahmedabad prices opened higher at Rs 1,266 before concluding at Rs 1,263 per quintal. Hyderabad was quiet today.

Delhi

The Delhi grains and pulses market displayed a mixed tendency today.Daily arrival of wheat in Delhi mandies was of the order of 40,000-45,000 bags and in view of slack demand from the South India, wheat dara remained unaltered at Rs 525-535 a quintal. Some enquiries in wheat were reported from Assam at Rs 550 a quintal f.o.b. Some deals were reported to have been settled at Rs 558-560 a quintal.