Imported palm oil edged down by a rupee to Rs 364 per 10 kg exclusive of tax amidst losses in dollar value and weak trend in the overseas market. In the global market palm oil quoted lower by $5 at $680 per tonne for ready delivery. Forward deliveries were placed lower at $660/652.50 per tonne.

Castor oil shot up by Rs 9 to Rs 466/478 per 10 kg on steady overseas enquiries followed by acute shortage of nearby supplies due to fag end of the season. Castorseed ready went up by Rs 43 to Rs 2135/2141 per quintal in sympathy.

In the futures section castorseed December delivery initially placed higher from Rs 1,864 to Rs 1,878 butlater on closed lower at Rs 1,834 per quintal as bulls turned sellers following imposition of circuit brakers by Bombay Oil Exchange, according to floor sources. Exchange authorities had introduced ceiling of Rs 30 per quintal on the daily movement in the forward market, it was said.

In Ahmedabad circuit brakers in castorseed forward market was hiked from Rs 15 to Rs 40 per quintal, it was learnt. Besides news of fresh round of rain in the producing centres also took heat out of the castorseed forward market on Friday.

Kabuli gram spurts

Kabuli gram price exhibited a firm trend in the grains market. Elsewhere, a dull trend prevailed.

With the stocks remaining considerably low due to lack of fresh arrivals as the local market was out of parity with the overseas quotations, coupled with increased buying support the price of kabuli gram shot up. A-2 Mexican rose to Rs 3400 from the low of Rs 3050. Turkish at Rs 2900 and Iranian at Rs 2800-2900 were up by Rs 100. B-2 moved up from Rs 2500-2550 toRs 2600-2625. C-2 were placed at Rs 1550-1600 and natural at Rs 2100-2200.

Green peas USA were on offer at Rs 1600-1650 and Canadian at Rs 1050-1085. White peas Canadian ready were placed at Rs 1121 and September/October shipments at Rs 975. Tur Myanmar 1998 and 1997 were on offer at Rs 1950 and at Rs 1850 respectively. Urad Myanmar found sellers at Rs 1175. Moong Myanmar were placed at Rs 1800-1900. Deshi new moong average ruled at Rs 1550-1600 and superior at Rs 1800-2000 in the producing centres.

Among cereals, a steady trend prevailed. Milling wheat ruled at Rs 690-700. Suarashtra Lokvan were placed at Rs 775-825, north Gujarat at Rs 741-775 and Ganganagar at Rs 775-800.

Rice SLO were traded at Rs 1100-1150. Gujarat-17 were placed at Rs 1400-1500. Permal FCI and superior were placed at Rs 875-925 and at Rs 1150-1250 respectively.Sugar rallies

Sugar price rallied from the low level on reserved selling.

The market witnessed a rally of Rs 10 a quintal from the low level reached yesterday inthe wake of delicensing of the industry as the trade had also anticipated total decontrol which did not materialise. M-30 rose to Rs 1440-1450 and S-30 to Rs 1420-1430 ex-octroi checkpost due to sellers turning reserved.Ex-godown, the price ruled at Rs 1460-1525 and at Rs 1420-1470 respectively in early deals.Pakistan sugar was on offer at Rs 1395 plus tax.

Gold declines

Gold eased further on the bullion market here today. Silver on the other hand moved in a narrow range and finished on a mixed note.

Gold .22 carat finished Rs 40 lower at Rs 4,210 per 10 gm. Gold .22 carat fell by Rs 35 at Rs 3,895 per 10 gm. Prices of gold biscuit (116.50 gm.) slipped by Rs 300 to Rs 49,200 per piece which in turn lost Rs 1000 per piece in the last two days.

Seasonal buyers were stayed away in the falling market. Weak overseas advices and setback in dollar value against rupee prompted fresh unloading by local stockists here. In the global market gold slid to $285 per ounce.Silver .999 moved up by Rs 10 at Rs7,800 per kg. In the global market the white metal placed at $5.16/5.17 per ounce. In the ready section, silver .916 however reacted by Rs 5 to Rs 7,675 per kg amidst thin buying support. Delhi advices were discouraging and market sentiment was subdued at the close of the session.

Yarn subdued

In lacklustre trading price ruled dull-to-subdued on the yarn market.In polyester yarn, demand continued to be sluggish. Grey first quality of medium sized units 80dn rotoset were on offer at Rs 82-83 and micro rotoset at Rs 100-102 a kg. 80dn weft and warp were placed at Rs 80-82 and at Rs 90-92 respectively. 80/1000dn were placed at Rs 108-110 and 80/1400dn at Rs 112-115.

In the case of 150dn, weft were on offer at Rs 66-67, warp at Rs 78-79, single rotoset at Rs 70-71 and double rotoset at Rs 72-73.