RIL, to-day revised the price upward, the third time in the month. POY and PSF price have been raised by Rs 3 a kg. POY 126dn is priced at Rs 64, 235dn at Rs 55 while PSF price has been revised at Rs 52 exclusive of excise.

Besides, the price of processed yarn have also been hiked. Thus, among the important items, 80dn rotoset was up by Rs 2 at Rs 98, 80dn micro rotoset by Rs 4 at Rs 106 and weft by Rs 3 at Rs 93. In the case of 150dn, weft is priced at Rs 80, warp at Rs 90, single roto at Rs 84 and double roto at Rs 85, all up by Rs 2.

Taking cue from this, the market quotations were also placed higher by about Rs 2 a kg. Thus, grey first quality of medium-sized units, 80dn, roto ruled at Rs 90-92, micro roto at Rs 95-96, weft at Rs 88, warp at Rs 100, 80/1000dn at Rs 120-122 and 80/1400dn at Rs 125-130.

In thecase of 150dn, weft ruled at Rs 74-75, warp at Rs 84-85, single roto at Rs 76-77 and double roto at Rs 77-78.

However, the market fundamenals worsened further. The loss on the grey fabrics has risen from 50 to 75 paise to Re 1 to Rs 1.25 a metre. The capacity utiliastion in Bhiwandi powerlooms has shurnk further by 10 per cent to 60 per cent and there was no respite from the liquidity crunch. " We are really in a serious predicament," lamented a yarn trade source.

Sugar divergent

A mixed trend prevailed on the sugar market as the demand lost earlier momentum.

M-30 were down to Rs 1440-1497 from Rs 1445-1500 while S-30 were steady at Rs 1425-1445 a quintal ex-godown. Ex-octroi checkpost, the price ruled at Rs 1421-1435 and at Rs 1405-1412 respectively.

In tenders, M-30 were steady at Rs 1375-1390 while S-30 were up by Rs 5 at Rs 1361-1370 in Kolhapur line.

Thai white sugar at Rs 1300-1310 ex-Kandla and on the local market yellow Brazilian at Rs 1225 exclusive of sales tax wereunchanged.

Grains unchanged

A steady condition was noticed on the grains market. Activity was dull. Wheat milling deshi at Rs 700-705 and imported ex-dock at Rs 625-631 a quintal were maintained. Wheat MP 147 ruled at Rs 750-850 and Sarbati in the range of Rs 900-1400. Rice Perimal average were placed at Rs 900-1100 and superior at Rs 1200-1500.

Among pulses, Australian gram were on offer at Rs 1200. Kabuli gram A-2 ruled at Rs 3200-3300, B-2 at Rs 2800-2900, C-2 at Rs 1800-2000 and natural at Rs 2200-2300. Tur Myanmar were on offer at Rs 1875.

Green peas USA Rumba/Heart ruled at Rs 1275-1300 and Canadian at Rs 800-900.

Gold spurts

Gold prices jumped up sharply on the bullion market here today following upsurge in dollar value coupled with firm global advices. Silver however moved in a narrow range and closed on a mixed note.

Standard gold rose by Rs 30 to Rs 4,090 per 10 gm. Gold .22 carat was up by same margin at Rs 3,785 per 10 gm. in sympathy. Prices of gold biscuit (116.50gm.) moved up by Rs 250 to Rs 48,000 per piece. Seasonal buying was slow but speculators were active buyers. Tight supply position and hardened dollar value followed by uptrend in global prices attributed to the rise. In the overseas market the yellow metal placed at $260.60 as against $260 per ounce earlier.

Silver .999 held at Rs 7,910 per kg. Silver .916 however was down by Rs 25 at Rs 7,735 per kg. Industrial buying was sluggish and hardly 40/50 kg of silver changed hands during the day, it was reported. In the international market the white metal eased from $5.14 to $5.08 per ounce.

G'nut oil eases

Groundnut oil lost gained ground on the oil,oilseeds market here today. Castorseed and its oil ruled weak in the ready delivery while forward section remained firm.

Groundnut oil eased by Rs 3 to Rs 372 per 10 kg. Demand resistance and light profit-taking attributed to the setback. In Rajkot prices quoted higher at Rs 595 as against Rs 585 per 15 kg. previously.

Imported palm oil edged down byRs 2 to Rs 240 per 10 kg.on weak overseas advices as rally in dollar value failed to cheer up market sentiment. In the overseas market palm oil finished lower at $395 per tonne.

Castor oil fell by Rs 3 to Rs 377/389 per 10 kg in absence of global interest. Castorseed ready slipped by Rs 15 to Rs 1729/1735 per quintal. In the futures section castorseed September delivery gained by Rs 25 to Rs 1765 per quintal on hectic covering by bears. In the international castor oil future market, August and October delivery reacted by a rupee each at Rs 392 and Rs 399 per 10 kg. respectively.

Cotton quiet

A quietly steady condition was noticed on the cotton market.V-797 were placed at Rs 12,800-13,300, Wagad at Rs 12,400-12,500 and Kalan-ginned at Rs 11,900 spot. MP H-4 were quoted at Rs 19,000-19,500 and MECH-1 at Rs 20,000-21,000.

Meanwhile, on the eve of the meeting of the cotton trade associations, the East India Cotton Association has updated the 1998-99 season crop at 162.50 lakh bales of 170 kgseach. Together with the carryover of 30 lakh and the imports of 8 lakh the total availability was placed at 200.50 lakh . The consumption was placed at 160 lakh bales, leaving a carryover for the next season at 40.50 lakh. Around 155.25 lakh bales have been marketed from the current season output so far.