Silver .999 maintained at the reduced level of Rs 7,500 per kg. amidst limited trading. Industrial demand was dull today. In the ready section silver .916 looked up by Rs 10 to Rs 7,400 per kg. Delhi advices remained weak. In the overseas market the white metal recovered from $4.92 to $4.96 per ounce.

G'nut oil recovers

Groundnut oil recovered from the lower level on the oil,oilseeds market here today. Castorseed and its oil on the other hand ruled weak onnews of commencement of new crop supplies in the southern centres.

Groundnut oil moved up by Rs 10 to Rs 575 per 10 kg. Poor supplies and fear of delay in the new crop arrivals in the wake of heavy rain in the producing centres mainly attributed to the recovery, according to dealers. In Rajkot prices ruled steady at Rs 850 per 15 kg.

Imported palm oil placed Rs 5 higher at Rs 383 per 10 kg. exclusive of tax on bull interest ahead of festivals coupled with firm overseas advices. In the global market palm oil quoted higher at $735 per tonne for ready delivery while forward deliveries were placed at $725/680 per tonne.

Castor oil crashed by Rs 17 to Rs 495/507 per 10 kg amidst sluggish overseas buying followed by unloading by stockists on expectation of bumper new crop. Castorseed ready also nosedived by Rs 82 to Rs 2,274/2,280 per quintal in the wake of beginning of new crop arrivals in Andhra Pradesh, it was learnt.

In the futures section castorseed December delivery dropped from Rs 1856 to Rs 1842before settling at Rs 1845 per quintal. Maturing September delivery remained absent from trading.

In Ahmedabad December delivery placed lower at Rs 1905 per quintal and in kerb deal it was available at Rs 1,890 per quintal. In Gujarat region castorseed ready delivery fell to Rs 425 per 20 kg. Castor oil eased to Rs 475 per 10 kg.

In Andhra Pradesh castorseed October delivery was quoted lower at Rs 430 and November delivery was at Rs 420 per 20 kg.

A steady-to-easy condition was noticed on the cotton market. Activity was restricted.

In ready section, the prices held more or less steady on restricted offerings in the wake of possible delay in the marketing of new crop. V-797 were placed at Rs 15,100-15,600 and Sanker in the range of Rs 18,500-22,000 a candy spot.

In Punjab zone, arrivals were 250 bales of deshi and 50 bales of J-34. Ready Bengal deshi were quoted at Rs 1490-1550 a maund. J-34 saw-ginned good average ruled at Rs 1700-1780 and cart-selected at Rs 1800-1925.

In forward, however, theofferings were evident. With the result, the price of Bengal deshi shed Rs 10 to 15. Roller-ginned September Haryana ruled at Rs 1440-1445 and Rajasthan at Rs 1470-1480. October Haryana were on offer at Rs 1310-1315 and Rajasthan at Rs 1335-1340. November delivery were quoted at Rs 1270-1275 and at Rs 1290-1300 respectively.

J-34 saw-ginned good average October Punjab shed Rs 10 at Rs 1750-1760. Haryana at Rs 1740-1745 and Rajasthan at Rs 1720-1725 were steady. November Haryana and Rajasthan also held steady at Rs 1715-1720 and at Rs 1700-1710 respectively.

J-34 cart-selected November Punjab were placed at Rs 1810-1820 and Haryana at Rs 1770-1780.

Sugar improves

A steady-to-slightly better condition was in evidence on the sugar market on somewhat better buying support.

M-30 were placed at Rs 1430-1500 and S-30 at Rs 1400-1430 a quintal ex-godown. Ex-octroi checkpost, M-30 were traded at Rs 1415-1425 and S-30 at Rs 1390-1405, up by Rs 5.

In tenders, M-30 at Rs 1370-1375 and S-30 at Rs1350-1360 in Kolhapur line held steady.

Grains dull

A dull condition prevailed on the grains market following slack demand. Australian gram were traded at Rs 1350 a quintal. Kabuli gram A-2 were transacted at Rs 3000-3200, B-2 at Rs 2700-2725 and C-2 at Rs 2200-2300. Natural kabuli gram were quoted at Rs 2400. Rajma chitra deshi and red rajma imported found sellers at Rs 2500 and at Rs 1850-1900 respectively.

Tur Myanmar 1998 were mentioned at Rs 2081 and 1997 at Rs 2000. Urad Myanmar were on offer at Rs 1175. Moong Myanmar were placed at Rs 1550-1600. Deshi new moong met with support at Rs 1600-1650 for medium type and at Rs 2000-2200 for the superior material ex-producing centres.

Yarn up

A better tendency prevailed in 80dn polyesters on the yarn market. In an otherwise very dull market, polyester yarn 80dn met with some buying support at lower levels, providing small respite to the battered values. Grey first quality of medium-sized units 80dn rotoset at Rs 79-80 and micro rotosetat Rs 90-91 a kg rallied by Rs 3. 80dn weft at Rs 74-75 and warp at Rs 88 were up by a rupee. Other items ruled unchanged.