The rising crude oil prices and firm international trend has spurred RIL to hike the price of POY by a rupee per kg. New price of 126dn has been fixed at Rs 57 and that of 235dn at Rs 49, exclusive of excise. Besides, it has also revised upward by Re 1 to Rs 2 certain items of texturised yarn while the price of 80dn crimped has been raised by Rs 3.

Meanwhile, the market price was likely to show its reaction on the price rise tomorrow. As of now, grey first quality of medium-sised units 80dn roto were placed at Rs 87-88, weft at Rs 84 and 150dn weft at Rs 70-71. 150dn warp ruled at Rs 77-78, single roto at Rs 72-73 and double roto at Rs 73-74.

Moong shoots up

A steady-to-firm condition prevailed on the grains market. Activity was moderate.

Wheat milling indigenous and imported were traded at Rs 755-760 and at Rs 625-630 a quintalrespectively. MP Lokvan were on offer at Rs 825-900, 147 at Rs 850-900 and Sarbati in the range of Rs 900-1400. Rice SLO were quoted at Rs 1050-1200, Gujarat-17 at Rs 1800-2200, Perimal average at Rs 950-1200 and superior at Rs 1400-1450.

Among pulses, moong price shot up on extremely reserved selling of stockists in the producing centres. Spurting by Rs 200 a quintal Myanmar moong were placed at Rs 1650-1700 and Chinese at Rs 1750-1800. Urad Myanmar price also looked up by Rs 35 at Rs 1711 on better demand. Kabuli gram price also presented a somewhat better stance. A-2 were in demand at Rs 3400-3450. B-2 ready at Rs 2950 and incoming at Rs 2700-2750 were maintained. Green peas USA Rumba/Heart at Rs 1300 were up by Rs 25. Canadian at Rs 850-950 were maintained. Australian gram were placed at Rs 1325-1350. Rajma chitra deshi were steady at Rs 2500-2600. A limited quantity of new crop goods having moisture content have arrived and were priced at Rs 2800.

Bullion recovers

Gold and silver pricesrecovered on the bullion market here today.

Standard gold moved up by Rs 10 at Rs 4,060 per 10 gm. Gold .22 carat was up by same margin at Rs 3,755 per 10 gm. Prices of gold biscuit (116.50 gm.) moved up by Rs 100 at Rs 47,500 per piece. Traders reported physical support for gold ahead of festival season as supplies remained tight coupled with higher global advices which restricted offerings. In the global market gold lifted by 25 cents at $255.30 per ounce. Recent raids carried out by sales tax department on the leading dealers in the local market has considerably reduced the inflow of gold and silver from Ahmedabad, it was learnt.

Silver .999 bounced back by Rs 65 at Rs 8,075 per kg. Silver .916 was hardened by Rs 60 at Rs 7,950 per kg in sympathy. Industrial buyers were active at lower level. Traders were reported volume of 300/400 kg of silver during the day. Scattered supplies and bullish Delhi and overseas advices also influenced the recovery in both the precious metals. In the international marketthe white metal placed higher at $5.20 as against $5.13 per ounce earlier.

Cotton improves

A slightly better trend prevailed on the cotton market.

Gaining Rs 50 to 100 a candy on improved demand V-797 were placed at Rs 13,900-14,100, Wagad at Rs 13,600 and Kalan-gienned at Rs 12,900-13,000 spot. Sanker ruled in the range of Rs 17,000-21,000. New crop LRA ruled at Rs 19,500-20,000. November delivery Bengal deshi were quoted at Rs 1325-1360 a maund.

New York price rallied by 0.53 to 0.74 cents. October were placed at 49.64, December at 50.74, March at 51.90 and May at 52.80 cents.

Castorseed rallies

Groundnut oil looked up modestly on the oil,oilseeds market here today. Castorseed and its oil rallied on account of brisk covering by bears and shippers on news of poor rainfall and expectation of lower new crop in Gujarat.

Groundnut oil closed Rs 2 higher at Rs 402 per 10 kg on renewed festival enquiries coupled with lack of ready stock.Imported palm oil moved up by Rs 4 at Rs 254 per10 kg on higher global advices. In the overseas market palm oil opened firm at $450 before closing at $440 per tonne, it was learnt.

Castor oil shot up further by Rs 20 at Rs 450/462 per 10 kg. Castorseed ready hardened by Rs 100 at Rs 2094/2100 per quintal.

In the futures section castorseed December delivery went up from Rs 1976 to Rs 2011 per quintal. In Ahmedabad December delivery climbed from Rs 1958 to Rs 1993 per quintal in the official trading. In the kerb deal, prices rallied to Rs 2075/2080 per quintal before settling at Rs 2040/2045 per quintal. New crop castorseed were expected around 50/60 lakh bags as against 75/80 lakh bags recorded last year.

Sugar subdued

A dull-to-subdued condition was in evidence on the sugar market.

M-30 at Rs 1437-1500 and S-30 at Rs 1420-1440 a quintal ruled marginally weak. Ex-octroi checkpost, the price was unchanged at Rs 1415-1425 and at Rs 1400-1410 respectively.

Tenders to start from today indicated weak trend in view of quota of 8.5 lakh tonnesbeing on the high side having regard to the less number of days in September. Besides, intervening holidays and reduced availability of transports due to elections resulting into hassles in marketing also induced increased offerings. M-30 were indicated lower by Rs 5 at Rs 1365-1385 and S-30 by Rs 10 at Rs 1345-1355 in Kolhapur line.