Groundnut oil lifted from Rs 428 to Rs 435 per 10 kg on fresh seasonal demand followed by tight supplies. In Rajkot it was steady at Rs 655 per 15 kg.

Imported palm oil shot up from Rs 336 to Rs 347 per 10 kg exclusive of tax following eased supplies at Mumbai Port coupled with rally in the overseas market. Palm oil in the global market placed higher from $637.50 to $645 per tonne. Castor oil fell by Rs 6 to Rs 386/400 per 10 kg in absence of fresh overseas demand while millers were booking profit. Castorseed ready dropped by Rs 29 at Rs 1751/1757 per quintal in sympathy.

In the futures section castorseed March delivery fell from Rs 1457 to Rs 1442 and closed the day at Rs 1444 per quintal as weak upcountry advices prompted fresh bull unloading. In Ahmedabad February delivery closed lower at Rs 1522.50 per quintal. In Gujarat castorseedready slid to Rs 335 per 20 kg and castor oil at Rs 374 per 10 kg. In Hyderabad castorseed finished lower at Rs 1600/1625 per quintal and castorseed at Rs 385/390 per 10 kg it was learnt.

Bullion ends higher

Uptrend in both the precious metals continued on the bullion market here today.

Standard gold placed Rs 5 higher at Rs 4,215 per 10 gm. Gold .22 carat rose by same margin to Rs 3,900 per 10 gm. in sympathy. Seasonal buying was dull but tight overseas supplies and higher global advices influenced the firm trend in the local market, dealers said. Prices of gold biscuit (116.50 gm.) however remained unchanged at Rs 49,400 per piece amidst nominal trading. In the global market gold looked up at $287.50 as against $287 per ounce earlier.

Silver .999 recovered by Rs 10 at Rs 7,410 per 10 gm. Silver .916 climbed by same margin at Rs 7,290 per kg. Fresh industrial buying, tight supplies and lack of ready stock mainly attributed to the recovery, dealers said. Traders reported the volume of tradingat around 350/400 kg of silver in the city market. In the international market the white metal ruled quiet at $4.92 per ounce.

Sugar steady

A steady trend prevailed on the sugar market. Activity was satisfactory.

The sentiment of the market remained somewhat bullish in the wake of delay in the announcement of quota and prospects of hike in the import duty. There was good buying interest on January 15th deliveery basis in tenders.

M-30 were placed at Rs 1495-1535 and S-30 at Rs 1480-1505 a quintal ex-godown. Ex-octroi checkpost, the price ruled at Rs 1485-1500 and at Rs 1465-1475.

Ready delivery orders for S-30 continued to be placed at Rs 1425-1430 in Kolhapur line. However, January 15 deliveries were sought after at Rs 1435-1440.

Yarn listless

A dull condition continued on the yarn market on slack demand.

Polyester texturised yarn grey first quality of medium-sized units 80dn rotoset were on offer at Rs 82 a kg. Viscose filament yarn bright cones first quality Century Rayon150dn ruled at Rs 217 and 120dn at Rs 239 a kg. 100dn and 75dn found sellers at Rs 248 and at Rs 263 respectively. 300dn were placed at Rs 166.

Nylon yarn Gujnil 20/1/0dn ruled at Rs 220, 30/1/0dn at Rs 290 and 111/24/0dn at Rs 157.

Cotton dull

Barring a small recovery in Bengal deshi, cotton market exhibited dull-to-easy conditions.

Bengal deshi roller-ginned Punjab at Rs 1500-1540 and Haryana at Rs 1510-1515 a maund spot improved by Rs 10 on reduced offerings at low levels. Rajasthan ruled steady at Rs 1530-1550. However, J-34 lost fresh ground on persistant offerings. Saw-ginned good average Punjab slid down by Rs 20 at Rs 1650-1750. Haryana at Rs 1660-1710 and Rajasthan at Rs 1665-1695 were down by Rs 10. Cart selected shed Rs 5 as Punjab found sellers at Rs 1770-1925, Haryana at Rs 1760-1770 and Rajasthan at Rs 1725-1750.

Roller-ginned J-34 eased by Rs 5 to 10 and ruled in the range of Rs 1560-1640. The centres had received 3500 bales of Bengal deshi and 12,000 J-34.Sanker were placed inthe range of Rs 18,500-20,500 a candy.

In futures, February contract ended lower by 6 points at Rs 4891 while April finished almost steady at Rs 4993 with very low volume of business.

Grains unchanged

A quietly steady situation was in evidence on the grains market following sluggish activity.

Wheat milling were placed at Rs 765-770 a quintal. Saurashtra SW were traded at Rs 900-1000. MP 147 and Sarbati were mentioned at Rs 850-900 and at Rs 900-1300 respectively.

Rice SLO ruled at Rs 1000-1100. Andhra Kattar were quoted at Rs 1000-1100 and cultured kolam at Rs 1300-1500. Gujarat-17 rice were on offer at Rs 1600-1800.

Among pulses, green peas USA and Canadian continued to be transacted at Rs 1550-1600 and at Rs 921-925 respectively. Rajma chitra deshi were placed at Rs 2500-2600.

Moong Myanmar ruled at Rs 1800-1850 and Chinese at Rs 1850-2000.