Groundnut oil maintained at Rs 482 per 10 kg on tight supplies, demand too was dull today. Arrivals were restricted in the wake of continued ban by Gujarat government on inter-state sale of edible oil, according to a dealer. In Rajkot prices dropped from Rs 680 to Rs 660/665 per 15 kg.

Imported palm oil was quiet at Rs 363 per 10 kg. on account of limited supplies coupled with poor buying enquiries. In the global market palm oil quoted static at $702.50 per tonne. Forward deliveries were quoted at $687.50/692.50 per tonne.

Castor oil declined by Rs 8 to Rs422/434 per 10 kg as overseas demand was petered out while weak global advices prompted profit-taking. In Rotterdum castor oil dipped by $100 to $1200 per tonne for delivery upto February while deliveryfrom March to September slipped by $50 to $1000 per tonne, it was gathered.

Meanwhile in the city market castorseed ready delivery finished Rs 38 lower at Rs 1,924/1,930 per quintal in sympathy.

In the futures section castorseed December delivery moved down from Rs 1663 to Rs 1645 per quintal on bull liquidation. In Ahmedabad it was quoted lower at Rs 1731 as against Rs 1752 per quintal earlier. In Rajkot it was placed at Rs 1661 per quintal. Daily arrivals of castorseed in the Gujarat region has picked upto 5000/6000 bags, it was learnt. Castorseed ready was placed at Rs 355 per 20 kg and castor oil slid to Rs 405 per 10 kg. Hyderabad advices remained weak.

Sugar ends lower

A dull-to-subdued trend continued on the sugar market following slack demand.

On increased offerings in the wake of sluggish offtake the price dipped by Rs 5 a quintal afresh ex-octroi checkpost. M-30 were placed at Rs 1450-1460 and S-30 at Rs 1430-1435. Ex-godown, the price held more or less steady on scattered buyingsupport at Rs 1458-1520 and at Rs 1450-1470 respectivly.

In tenders, M-30 shed Rs 5 at Rs 1400-1410 while S-30 were unchanged at Rs 1380-1390 in Kolhapur line.

Bullion improves

Firm trend was witnessed on the bullion market here today.

Standard gold finished Rs 15 higher at Rs 4,285 per 10 gm. Gold .22 carat moved up by same margin at Rs 3,965 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) gained by Rs 200 to Rs 50,300 per piece. Demand for gold improved ahead of wedding season while eased supplies and bullish global advices kept prices upward. Delay in the customs clearance of imported contraband gold due to strike in the customs department also attributed to the rise. In the global market the yellow metal moved up from $292.15 to $293.75 per ounce.

Silver .999 moved in both ways before closing Rs 5 higher at Rs 7,520 per kg. Silver .916 was down by Rs 15 to Rs 7,395 per kg. Industrial demand for silver was slow but traders reported seasonal buying while the rally was capped dueto steady inflow of contraband silver from China, it was learnt. Delhi was weak and in the overseas market the white metal placed lower at $4.99 as against $5.03 per ounce.

Yarn dull

A dull situation contiuned on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon/Indian Rayon 150dn ruled at Rs 224, 120dn at Rs 247, 100dn at Rs 260 and 75dn at Rs 269 a kg. 120dn dull cones were placed at Rs 256.Nylon yarn Shreelon 15/1/0dn were placed at Rs 240 and 20/1/0dn at Rs 225. Gujnil 30/1/0dn and 111/24/0dn were on offer at Rs 290 and at Rs 157 respectively.

Grains easy

An easy trend was noticed in wheat on the grains market. Elsewhere, a dull condition prevailed in the wake of restricted activity.

Wheat milling were on offer at Rs 775-781 a quintal. Among other wheat north Gujarat Tukadi were on offer at Rs 800-850 and 496 at Rs 850-875, down by Rs 25. Saurashtra Lokvan at Rs 875-925 and SW at Rs 800-1000 were quiet. Ganganagar wheat were static at Rs 850-900. MP147 and Sarbati were placed at Rs 850-925 and at Rs 950-1400 respectively.

Rice ruled steady. Gujarat-17 were placed at Rs 1700-1750. Permal Punjab were traded at Rs 925-1200 and superior at Rs 1250-1350. AP Kattar rice found sellers at Rs 1075-1100.

Among pulses, tur Myanmar 98 were placed at Rs 2300 and 97 at Rs 2100. Kenyan tur were quoted at Rs 2225-2230 and Tanzanian at Rs 2350-2375. Green peas USA ruled at Rs 1600-1650 and Canadian at Rs 1125. White peas Canadian ready and incoming were traded at Rs 1000 and at Rs 925-950 respectively.

Cotton down

Bullish trend relented on the cotton market as arrivals picked up and mill demand remained thin.Losing Rs 20 a maund J-34 saw-ginned good average were quoted at Rs 1760-1850 and cart selected at Rs 1905-1950 spot. Bengal deshi ruled static at Rs 1600-1625 for roller-ginned. Sanker in the range of Rs 19,200-20,200 and V-797 16,000-16,400 a candy were steady. Arrivals in Punjab zone were around 16,000 bales.

Delhi

Local bulls wereprojecting fall of about 3-4000 tonnes in cardamom production in Guatemala and domestic output of cardamom small was also projected lower, consequently, cardamom small moved upto Rs 580-850 from Rs 525-835 a kg.

Similarly, following loss to crop in Sikkim and Bhutan, cardamom brown flared upto Rs 11,000-15,000 from Rs 9300-14,000 a quintal.