MUMBAI, July 18: On persistant firmness in the market price Reliance Industries Ltd (RIL) has jacked up the price of several of its popular items.With the weavers and speculative buying support gathering momentum the price of polyester yarn continued to rule bullish. Grey first quality of medium-sized units 80dn micro rotoset price shot up to Rs 120-122 as the Surat market posted the price at Rs 130. 80dn rotoset were up at Rs 96-97, weft at Rs 92-93 and warp at Rs 102-103.In the case of 150dn, weft ruled at Rs 70-72, warp at Rs 80-82, single rotoset at Rs 77-80 and double rotoset at Rs 76-78.Meanwhile, effective from Monday, RIL has hiked the price of grey 80dn rotoset by Rs 4 at Rs 99, of weft by Rs 3 at Rs 94 and of micro rotoset by Rs 4 at Rs 121.
Sugar firms up
Sugar market firmed up again following higher ex-mill advices.
With the tender price rising by Rs 10 a quintal at Rs 1440-1445 for M-30 and at Rs 1420-1425 for S-30 in Kolhapur line, the local market quotations also looked uplikewise.
M-30 were up at Rs 1490-1540 and S-30 at Rs 1470-1490 ex-godown. Ex-octroi checkpost, the former went up to Rs 1480-1485 and the latter to Rs 1455-1465.Dubai sugar, on the other hand, came in for increased offerings and shed Rs 3 at Rs 1435 plus tax.
Wheat, rice move up
A firm condition was observed in wheat and rice on the grains market on restricted supply coupled with higher producing centre advices and some what improved offtake.
Milling wheat price moved up by Rs 10 a quintal at Rs 720-725 on firm Gujarat advices. Other medium wheat also netted gains of Rs 15 to 20.
Saurashtra Lokvan were placed at Rs 775-850, north Gujarat at Rs 775-825 and MP 147 at Rs 850-950.
Rice Gujarat-17 were up at Rs 1475-1600. Andhra Pradesh cultured kolams were in acute short supply and were quoted at Rs 1400-1500. FCI Permal were transacted at Rs 875-900 while superior were placed at Rs 1150-1250.
Karnataka BT rice were placed at Rs 1100-1200. Punjab Tericot and Sarbati continued to be tradedat Rs 1500-1800 and at Rs 1000-2100 respectively.Among pulses, rajma chitra deshi were on offer at Rs 2800 and imported at Rs 2600. Red rajma imported found sellers at Rs 2000. Green peas USA ruled at Rs 1700 and Canadian at Rs 1191-1200. White peas Canadian found sellers at Rs 1181-1200. Australian gram were placed at Rs 1425-1450, kabuli gram A-2 Mexican at Rs 3200, Iranian at Rs 2900, B-2 at Rs 2550-2700 and C-2 at Rs 1600.
Cotton steady
A quietly steady trend was in evidence on the cotton market.
V-797 were placed at Rs 16,200-16,400, Morbi Wagad at Rs 15,800-15,900 and kala-ginned at Rs 15,300 a candy spot. Sanker ruled in the range of Rs 19,000-23,000.
Punjab J-34 saw-ginned good average were placed at Rs 2040-2150, cart-selected at Rs 2200-2250, and Bengal Deshi at Rs 1625-1670 a maund.
Silver hardens
Silver hardened from the reduced level while gold turned subdued on the bullion market here today.
Silver .999 recovered by Rs 40 to Rs 8,015 per kg. Silver .916 climbed up byRs 40 to Rs 7,890 per kg in sympathy. Fresh industrial demand pushed silver upward while eased supplies and firm overseas advices kept offerings limited. Delhi advices were encouraging and in the global market silver looked up at $5.32/5.37 per ounce.
In Delhi silver ready delivery quoted higher Rs 7,980 and forward delivery placed at Rs 7,990 per kg.
Standard gold on the other hand moved in a narrow range and finished steady at Rs 4,280 per 10 gm. Gold .22 carat was quiet at Rs 3,960 per 10 gm.Prices of gold biscuit (116.50 gm.) however dropped by Rs 50 at Rs 50,400 per piece amidst thin demand and light profit-taking at higher level. In the global market the yellow metal placed higher at $293.75 to $294.30 per ounce.
G'nut oil reacts
Groundnut oil lost gained ground on the oil,oilseeds market here today. Castorseed and its oil however ruled firm on continued overseas as well as local demand.
Groundnut oil reacted from Rs 497 to Rs 493 per 10 kg amidst demand resistance while brisk suppliesof imported edible oil prompted profit-taking at higher level. In Rajkot it was quiet at Rs 685 per 15 kg.
Imported palm oil slid from Rs 360 to Rs 358 per 10 kg exclusive of tax. Demand was dull. August delivery was quoted lower at Rs 354/355 per 10 kg. Castor oil gained by Rs 10 to Rs 375/387 per 10 kg on fresh enquiries by shippers ahead of shipment. Castorseed ready advanced by Rs 58 to Rs 1698/1704 per quintal.
In the futures section castorseed September delivery rose from Rs 1496 to Rs 1512 and closed at Rs 1510 per 10 kg on continued bull interest. However the volume of trading was poor following thin attendence in the trading ring, according to traders.
In Ahmedabad forward market remained closed for the second day today. In Gujarat castorseed ready placed at Rs 335/340 per 20 kg. Castor oil quoted higher at Rs 360/365 per 10 kg.
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