With the picture of free sale quota becoming clear there was scramble for replenishing the stocks to meet the stepped up offtake during the incoming festival season. Consequently, the values zoomed by Rs 30 a quintal on top of the previous day's gains of Rs 7 to 8. M-30 touched Rs 1450-1460 and S-30 to Rs 1425-1440 ex-octroi checkpost. Ex-godown, the price was placed at Rs 1462-1520 and at Rs 1430-1455 respectively.

In tenders also with similar jump M-30 were indicated at Rs 1510-1525 and S-30 at Rs 1390-1400 in Kolhapur line.

Punjab cottons gain

Punjab cotton price netted fresh modest gains on the cotton market. Gujarat cottons were steady.

With the weather continuing to be inclement the prices in Punjab zone were up by Rs 10 a maund afresh. In the ready segment, Bengal deshi ruled at Rs 1500-1550, J-34 saw-ginned good average at Rs 1725-1800 and cart-selected at Rs 1800-1980 spot.

Inforward, Bengal deshi October rose to Rs 1335-1390 and November to Rs 1315-1325. J-34 saw-ginned good average October were placed at Rs 1715-1800 and November to Rs 1710-1725. Cart-selected November were steady at Rs 1800-1860.

G'nut oil maintains

Groundnut oil maintained while castorseed and its oil reacted further on the oil,oilseeds market here today.

Groundnut oil ruled quiet at Rs 595 per 10 kg amidst sluggish demand coupled with tight supplies. In Rajkot prices quoted Rs 5 lower at Rs 855 per 15 kg.

Imported palm oil edged up by a rupee to Rs 393 per 10 kg on steady bulk buying ahead of festivals. In the global market the trend was easy as prices quoted lower at $725 per tonne for nearby delivery and long deliveries were quoted lower at $680 per tonne.

Castor oil declined by Rs 12 to Rs 445/457 per 10 kg in absence of fresh overseas demand. In the ready section, castorseed dropped by Rs 58 to Rs 2,034/2,040 per quintal on fresh unloading by farmers and stockists ahead of new croparrivals. In Rotterdum castorseed ready delivery was steady at $1,500 per tonne. December and January deliveries were placed lower at $1150 per tonne.

In the futures section castorseed December delivery eased from Rs 1,763 to Rs 1,734 per quintal as weak Ahmedabad advices prompted fresh bull liquidation, floor sources said. In Ahmedabad castorseed December delivery opend lower from Rs 1,757 to Rs 1,722 before settling at Rs 1,740 per quintal. In Gujarat castorseed ready delivery ruled weak at Rs 380/385 per 20 kg. Castor oil was available at Rs 425 per 10 kg.

Gujarat wheat up

A steady-to-better trend prevailed on the grains market. Activity was restricted.

The supply of wheat remained limited turning the sellers somewhat reserved. This has pushed up the price of north Gujarat medium wheat by Rs 10 a quintal at Rs 750. The superior type fetched Rs 825. Milling wheat were sought after at Rs 700-711. Saurashtra Lokvan at Rs 775-850, MP 147 at Rs 800-900 and Sarbati at Rs 900-1400 heldsteady.

Rice were maintained. Gujarat-17 continued to be transacted at Rs 1600-1700. SLO ruled at Rs 1125-1150. Permal FCI were in damand at Rs 875-925 and superior at Rs 1250-1300. AP kattar rice were quoted at Rs 1100-1150.

Among pulses, green peas USA were on offer at Rs 1650 and Canadian at Rs 1040. White peas Canadian ready ruled at Rs 925 and October shipments at Rs 850. Urad Myanmar were mentioned at Rs 1200-1225. Gold moves downGold ruled easy while silver was divergent on the bullion market here today.

Standard gold moved down by Rs 15 to Rs 4,230 per 10 gm. Gold .22 carat slid by Rs 10 to Rs 3,915 per 10 gm. in sympathy. Gold biscuit (116.50 gm.) finished Rs 100 lower at Rs 49,800 per piece after losing Rs 400 per piece on Tuesday.

Seasonal buyers were stayed away from the falling market while weak global advices and continued overseas inflow prompted selling by bankers and stockists. In the global market the yellow metal slid to $287.70 before closing at $288.60 per ounce, it waslearnt.

Silver .999 moved in a narrow range and closed steady at Rs 7,450 per kg amidst low transactions. Silver .916 placed Rs 20 lower at Rs 7,325 per kg on higher supplies of raw metals. Delhi advices were weak and in the global market the white metal held at the reduced level of $4.89/4.90 per ounce.

Yarn steady

A quietly steady condition prevailed on the yarn market as activity remained very limited.

The operations in Bhiwandi were still down to around 45 per cent. The production in polyester items continued to be centred round wrikle and micro/micro fabrics as the same are economically viable at present. However, with more and more looms diverting to these items the trade predict overproduction and its backlash on the yarn market later on.

Grey first quality of medium sized units polyester yarn 80dn rotoset ruled at Rs 78, micro rotoset at Rs 90-92, weft at Rs 74-75 and warp at Rs 87-88 a kg. 150dn weft ruled at Rs 60 and warp at Rs 70-71. Single and double roto were placed at Rs 64 andat Rs 66 respectively.