In the wake of soaring tendency in mango and edible oils prices, demand in spices from pickle manufacturers was reported poor. Watermelon kernel slumped by Rs 50 a quintal because of buyers resistance at higher level.

Among dry fruits, on higher prices quoted by the importers because of firm dollar, almond California flared up by Rs 200 per 40 kgs and its kernel was up by Rs 7 a kg. On selling pressure, copra Calicut slided by Rs 100 a quintal.

Moong spurts

Barring rice sela permal, steady-to-firm conditions were witnessed on the local grains and pulses market on Friday.

Standing crop of new summer moong and sunflower in UP was reported to have suffered a setback because of rains in some parts of UP,consequently, moong and its dal recorded a sharp spurt of Rs 25-100 at Rs 1650-2100 and Rs 1800-2500 a quintal respectively.

On encouraging producing centres advices, masoor and its dal flared up by Rs 15-50 a quintal and on zooming demand in gram and its dal from Bihar, South, Gujarat and Maharashtra buyers, their prices firmed up by Rs 5-10 a quintal.

Among cereals, arrival of wheat at local mandies declined, therefore, wheat dara held steady at Rs 525-530 a quintal while rice sela permal dipped by Rs 10 a quintal due to weak demand from Eastern Indian buyers. Rice permal, however, held steady on good demand from Maharashtra.

Sugar improves

On firm Mumbai advices coupled with restricted supply due to inclement weather conditions, mill delivery sugar prices showed signs of improvement on Friday. Gur revealed a firm tendency as arrival from Muzaffarnagar remained restricted. Business was reported moderate.

Edible oils sluggish

Business in mill delivery edible oils remainedsluggish, consequently, mustard oil expeller slipped by Rs 10-20 a quintal. Following paucity of stock, palmolein prices in Indonesian currency flared upto Rs 3750 from Rs 2750 a kg, consequently, palmolein in Malaysia, too, recorded a gain of $15 at $740 a tonne. Demand from vanaspati millers in other edible oils, was reported dull.

Mumbai: Groundnut oil flares up while castoroil reacted in a mixed oilseeds market on Friday. Castorseeds futures slumped on profit-taking.Among edible oils, groundnut oil flared up on brisk stockists buying at the start of the month coupled with poor supplies. Bullish advices from Saurashtra also aided the firm trend. Imported palm oil rose moderately due to shortage of stocks.

In the industrial sector, linseed oil hardened due to fresh inquiries from the paint industry. Castorseeds and its oil eased in the absence of support.

In the futures market, castorseeds June opened easier at Rs 1280.50 on overnight selling. Later, prices fell sharply on stockists unloadingand closed at the day's low of Rs. 1268, showing a fall of Rs. 14.50 from the previous close of Rs. 1280.50. The exchange commenced trading in castorseeds September contract from Friday and the contract opened and closed at Rs. 1330.25.

Bullion easy

On increased inflow, both the precious metals, on the Delhi bullion market revealed an easy tendency on Friday.

New York silver future dipped to 590 cents from 595 cents an ounce, consequently, spot silver .999 on Thursday evening, dipped to Rs 8300 from Rs 8350 a kg and silver weekly delivery was down to Rs 8320 from Rs 8370 a kg.

On Friday, New York silver future improved to 597 cents an ounce, consequently, spot silver .999 at noon, improved to Rs 8340 and silver weekly delivery, on speculative buying, improved to Rs 8350 a kg, still showing a loss of Rs 10-20 a kg. Silver coins remained unchanged at Rs 10,200-10,300 per 100 pieces.

Gold in London dipped by $1.5 to $299 an ounce, therefore, gold biscuit and standard mint gold slipped by Rs 20at Rs 4115 and Rs 4130 per 10 gram respectively. Arrival of gold on Thursday was reported about 700-1000 kgs. Local as well as upcountry demand in gold however, was reported good. Gold sovereign remained unaltered at Rs 3475-3500 per 8 gram.

Cotton flares up

In hank yarn, counts (6,10 and 2-4) firmed up by Rs 1-2 per bundle following price hike by the millers. As the cotton inflow has declined sharply in Haryana, Punjab and Rajasthan mandies, cotton prices have spurted significantly. In cone yarn, counts (6) held steady. On the other hand, cone yarn (20) marked lower by Rs 3-5 per 5 kgs. on poor sales. Hosiery and waste yarn unchanged.

Mentha oil firms up

Following higher advices from UP mandies and tight supply from there coupled with buoyant demand from pan-masala and other consuming units, mentha oil, flake and bold firmed up by Rs 15-18 at Rs 305, Rs 415, Rs 455 per kg. Tartaric acid France, on declined imports marked up by Rs 4 at Rs 408 per kg and on tight supplies, caustic sodaflakes edged up by Rs 5-10 per bag. Safolite edged down by Re 1 at Rs 71 per kg on its declined consumption.

Copper wire down

Copper wire bar, rod, wire, utensils, mixed and accessories, fell back by 50 paise to Rs 2 per kg following trends advices from LME where copper prices declined $50 per tonne. The industrial demand in local market remained weak. Tin ingot was marked down by Rs 2 at Rs 332 per kg. on stockists selling . Lead ingot desi soft and hard edged up by 50 paise to Re 1 at Rs 36.50, Rs 37 per kg due to lower production.