Following decline in offerings of imported pulses of Rangoon from Mumbai coupled with firm producing centres advices, quality urad recorded a sharp rise of Rs 50 at Rs 1500 a quintal and arhar firmed up by Rs 20 at Rs 2000 a quintal. Urad Rangoon firmed upto Rs 1375 a quintal and Gram Rajasthani recorded a gain of Rs 40 at Rs 1075 a quintal due to decline in offerings coupled with good demand from dal millers.

Wheat dara remained subdued at its previous close of Rs 568-575 a quintal due to slack demand from flour millers as well as despatchers while maize slipped by Rs 10 a quintal on inflow of about 3000-4000 bags.

Mumbai: Milling wheat price reacted on the grains market. Elsewhere, a steady condition prevailed.

Milling wheat price softened up by Rs 5 a quintal at Rs 680-685 on slack demand. Wheat Saurashtra Lokvan at Rs 725-775, SW at Rs 900-1100, MP 147 at Rs 900-1100and Sarbati at Rs 900-1400 were unchanged.

Rice Gujarat-17 were maintained at Rs 1400-1600. Permal superior were quoted at Rs 1100-1200. AP cultured kolam were mentioned at Rs 1100-1400Among pulses, Green peas USA were quoted at Rs 1675-1700 and Canadian at Rs 1225-1231. White peas Canadian were placed at Rs 1100. Tur Myanmar 1998 were on offer at Rs 2021-2025 and 1997 at Rs 1950. Moong Myanmar were on offer at Rs 2000-2050.

Australian gram found sellers at Rs 1150-1175. Kabuli gram A-2 Mexican at Rs 3000-3100, Iranian at Rs 2500-2800, B-2 at Rs 2400-2500 and C-2 at Rs 1550-1600 were static.

Sugar gains

Mill delivery sugar prices recorded a gain of Rs 3 to Rs 8 at Rs 1390-1455 a quintal because of higher prices quoted by the UP sugar mills.

Mill delivery sugar Mawana was traded at Rs 1455, Najibabad at Rs 1390, Ramala at Rs 1402, Daurala at Rs 1437 and Devband tax paid at Rs 1560 and Delhi delivery Khatauli sugar was quoted at Rs 1534 a quintal. July first week delivery Modi sugar wassettled at Rs 1440 a quintal.

Mumbai: An easy trend was in evidence on the sugar market following slack demand.

Losing Rs 5 a quintal M-30 were down to Rs 1475-1515 and S-30 to Rs 1460-1485 ex-godown. Ex-octroi checkpost, M-30 were on offer at Rs 1460-1470 and S-30 at Rs 1440-1450.

Among imported sugar, EEC shed Rs 5 at Rs 1415 while Pakistan ruled steady at Rs 1430 plus tax.

There were no tenders as the entire quantity with the mills have been sold out, averred trade sources.

Edible oils rise

Edible oils prices showed a rising tendency as palmolien in Malaysia firmed up by $5 to $625 a tonne coupled with ban by the Govt. of Gujarat on the movement of groundnut oil out of the state. Consequently, groundnut, mustard, sesame and cottonseed oils, in the local market recorded a sharp rise of Rs 50 a quintal.

As compared to last Wednesday prices, groundnut oil was higher by Rs 300 a quintal and mustard oil by Rs 230 a quintal. On inflow of new crop oil from Ranchi, Mahuwa oil solventtumbled down by Rs 100 at Rs 2900 a quintal while palmolein in Mumbai firmed up by Rs 20 at Rs 3800 a quintal and in Delhi, it recorded a sharp spurt of Rs 100 at Rs 4300 a quintal.

Black pepper slumps

Almond California recorded a sharp spurt of Rs 150 at Rs 9450 per 40 kgs. due to mutual buying and selling among the importers and its kernel edged up by Rs 2 at Rs 334 a kg. Among spices, black pepper golden slumped by Rs 100 and zeera Ganesh was down by Rs 50 a quintal on weak Cochin and Unjha advices while dhania inferior quality flared up by Rs 75 at Rs 1450 a quintal on procurement by the Govt. of Rajasthan at minimum support prices. Superior quality dhania held steady at Rs 5000 a quintal.

Silver steady

In a dull and featureless trading, gold suffered a mild loss while silver prices in the local bullion market held steady on Monday.

Following decline in sales by Australia, Europe and South Africa, gold prices were expected to pick-up, but in view of heavy investment in shares andcommodities markets, acute shortage of funds was being felt in the market, consequently, gold biscuit and standard mint gold slipped by Rs 10 at Rs 4335 and Rs 4350 per 10 gram respectively. Gold sovereign held steady at Rs 3500-3550 per 8 gram.

Though there was no arrival of imported silver on Saturday, yet silver in Hong-Kong ruled easy at 531 cents an ounce, consequently spot silver .999 remained unchanged at Rs 8000 a kg. while silver weekly delivery improved slightly by Rs 5 at Rs 7960 a kg. Silver coins remained unaltered at Rs 10300-10500 per 100 pieces due to restricted supply from UP and Haryana.

B Twill static

A. Twill, B. Twill, hessians and twines held unchanged on steady advices from Calcutta. Old gunny bags, too, held steady.

Deshi cotton shoots up

Steady-to-rising prices were seen in cotton yarns. In hank yarn, Gulabpura (20) firmed up by Rs 5 and Bhatinda (2-20) edged up by Rs 2 per bundle on steady advices from Haryana and Rajasthan.

In cone yarn, Gulabpura (20)moved upto Rs 407 to Rs 402 per 5 kgs. Yarn of oher counts held steady. Deshi cotton shot up by Rs 50 at Rs 1675-1750 per 40 kgs. on lack of fresh inflow.

Mentha oil slips

Titanium dioxide of all the brands firmed up by Rs 3-5 per kg. after the manufacturers hiked their rates while the import too had become costlier. Sodium hydro bicarbonate held steady. Menthol bold, flake and mentha oil slipped by Rs 5-10 per kg. on advices from UP mandies coupled with poor offtake. Other chemicals lacked trading and were unchanged.

Tin ingot lower

Nickel plate and Tin ingot moved lower by Rs 2-3 at Rs 286-345 and Rs 364 per kg.

Zinc slab, zinc dross, copper rod and its wire also slipped by 25-50 paise per kg on news that HCL had reduced its sales prices by Rs 3-4 per kg. for July. Copper utensils, mixed scrap and accessories eased by 25 paise to Rs 1.25 per kg. Chadripital, brass accessories, Bharat scrap and brass sheet cutting lacked offtake and were down by 50 paise to Re 1 per kg.