Groundnutoil placed Rs 3 lower at Rs 383 per 10kg following continued summer crop supplies. In Rajkot prices moved down by Rs 10 to Rs 585 per 15 kg.Imported palm oil declined by Rs 2 to Rs 252 per 10 kg on fresh overseas interest, weak dollar currency and subdued trend in the global market. Palm oil prices in the global centres slipped to $435 per tonne for nearby delivery and at $432.50 per tonne for long delivery.

Castor oil declined by Rs 4.50 to Rs 381/393 per 10 kg in absence of overseas buying while higher prices attracted profit-taking among stockists and local dealers. Castorseed ready reacted by Rs 22.50 lower at Rs 1749/1735 per quintal.

In the futures section castorseed June delivery was not traded today while September delivery nosedived by Rs 30 to Rs 1,759 per quintal on brisk unloading. In the internationalcastor oil future market, August delivery was steady at Rs 372.50 and October delivery placed at Rs 378.50 per 10 kg.

In Ahmedabad castorseed September delivery moved down by Rs 30 to Rs 1,750 per quintal and in Gujarat castorseed spot delivery fell to Rs 342 per 20 kg and castor oil at Rs 371 per 10 kg. it was gathered.

Sugar steady

A quietly steady trend prevailed on the sugar market. Activity was modest.M-30 were placed at Rs 1470-1523 and S-30 at Rs 1442-1475 a quintal ex-godown. Ex-octroi checkpost, the price ruled at Rs 1452-1465 and at Rs 1430-1440 respectively.

In tenders M-30 were placed at Rs 1400-1410 and S-30 at Rs 1385-1390 in Kolhapur line.

Brazilian yellow sugar ruled at Rs 1240 plus sales tax. White imported sugar was virtually out of stocks, averred trade sources.

Silver recovers

Silver prices recovered from the reduced level and gold on the other hand moved in a narrow range and finished on a mixed note.

Silver .999 climbed by Rs 30 to Rs 7,700 per kg. Silver.916 recovered by Rs 10 to Rs 7,540 per kg. Industrial buying for silver was slow but recovery in the global prices and eased overseas supplies arrested fresh offerings which in turn reported fresh speculative interest, according to traders. Volume of trading is hardly around 90/100 kg. In the global market silver shot up by 5 cents to $4.94 per ounce.

Standard gold moved up by Rs 10 to Rs 4,230 per 10 gm. Gold .22 carat rose to Rs 5 to Rs 3,910 per 10 gm. Arrivals of gold through unofficial channels remained at a low ebb on account of strict security at Border area, it was learnt. Prices of gold biscuit (116.50 gm.) however finished Rs 100 lower at Rs 49,500 per piece on nominal activity. In the global market gold looked up by 5 cents to $270.35 per ounce.

Grains subdued

A dull-to-subdued condition was in evidence generally on the grains market.Wheat milling deshi were placed at Rs 695-700 while imported were quoted ex-dock at Rs 620-625 a quintal. Wheat north Gujarat Sonaklyan were placed at Rs725-771 and 496 at Rs 775-800.Rice Gujarat 17 were placed at Rs 1800-2100. AP cultured kolams were traded in the range of Rs 1800-2300.

Among pulses, urad Myanmar lost Rs 25 at Rs 1675-1700 on improved supply. Kabuli gram A-2 at Rs 3200-3300, B-2 at Rs 2800-2900, C-2 at Rs 1800-2000 and natural at Rs 2200-2300 were steady. Rajma chitra deshi and Chinese were on offer at Rs 2900-3000 and at Rs 2600 respectively. Red rajma imported found sellers at Rs 1950. Tur Myanmar ruled at Rs 1900 and white peas Canadian at Rs 921-925.

Cotton unchanged

A steady condition was noticed on the cotton market. Volume of business was restricted.

V-797 were placed at Rs 12.500-13,200, wagad at Rs 12,200 and Kalan-ginned at Rs 11,700-11,800 a candy spot. Sanker average were quoted at Rs 14,500-15,500, medium at Rs 17,500-19,500 and superior at Rs 20,000-21,000.

Punjab J-34 roller-ginned were placed at Rs 1335-1510, J-34 saw-ginned good average at Rs 1700-1810 and cart selected at Rs 1880-2040 a maund.

In MadhyaPradesh, the stock is estimated at around 2 lakh bales. MECH-1 ruled in the range of Rs 20,000-21,000 a candy. The pressing in MP was likely to be around 19 lakh bales. This included 10 lakh bales entered from Maharathra, stated trade circles.

With the Maharashtra federation the procurement has reached 25 lakh bales. However, the trade sources place the total production in the state at around 41 lakh bales. For this, they add 10 lakh bales that have entered MP, 2 lakh bales in Andhra Pradesh and 1 lakh bales in Gujarat. The loose sales placed around 2 lakh bales and one lakh bales of the co-operative societies are other additions.

The unsold stock with the federation is placed at 16 lakh of the current season and 1.5 bales of the previous season. The stock of goods sold but yet to be lifted was estimated at 1.5 to 2 lakh bales.

Yarn listless

In listless trading price ruled static on the yarn market.

Viscose filament yarn bright cones first quality Century Rayon 150dn ruled at Rs 212 and 120dnas also 100dn at Rs 229 a kg.

Nylon yarn 15/1/0dn Shreelon were placed at Rs 240 and 20/1/0dn Gujnil at Rs 210.