Following increasing inflow of new crop wheat the price dipped by Rs 100 to Rs 125 from the high levels. Maharashtra SRT fell to Rs 775-900 and MP Lokvan to Rs 815-900. New MP 147 and Sarbati have not arrived but the prices were indicated at Rs 950-1150 and at Rs 1000-1200 respectively. Old 147 ruled at Rs 900-950 and Sarbati at Rs 950-1150. Old milling ruled at Rs 740-750.

Pakistan rice quotation firmed up from Rs 911-950 to Rs 925-1000 ex-godown in the wake of the announcement that the government is planning to impose import duty.

Among pulses, green peas Canada shed Rs 25 at Rs 925. USA Rumba/Heart were quietly steady at Rs 1350. White peas Canada eased by Rs 10 at Rs 881-891. Urad Myanmar price notched up fresh gains of Rs 50 at Rs 2025-2050 on sustained buying support in the face of tight supply.

Kabuli gram rates declined by Rs 150 to Rs 200 following increased inflow of domestic crop. A-2 Mexicodipped to Rs 4300 and Canada/USA to Rs 3500-3600. B-2 Australian were on offer at Rs 3200 and Turkish at Rs 3000.Tur Myanmar new firmed upto Rs 1500-1525 on buying support. Old ruled steady at Rs 1300-1325. Malawi tur were traded at Rs 1500, Kenya at Rs 1600 and Tanzania at Rs 1650

Cotton gains afresh
Cotton market continued to display firm condition in view of sustained buying support.

Punjab zone prices netted fresh gains of Rs 10 to 20 a maund. J-34 saw-ginned good average ruled at Rs 1640-1790, cart selected at Rs 1670-1830 and roller-ginned good average at Rs 1570-1600 spot. Bengal Deshi were placed at Rs 1065-1130. Arrivals were comprised of 1000 bales of Bengal Deshi and 8000 bales of J-34.

V-797 were up at Rs 12,800-13,200 a candy. Sanker ruled in the range of Rs 16,500-19,700.

Gold suffers
Gold prices suffered fresh losses while silver moved in a narrow range and closed on a steady note on the bullion market here today.

Standard gold closed Rs 5 lower at Rs 4,585 per 10gm. Gold .22 carat was down by same margin at Rs 4,240 per 10 gm. Prices of gold biscuit (116.50 gm.) fell by Rs 150 at Rs 53,550 per piece. Seasonal buyers kept a low key in falling market. Steady local arrivals and subdued trend in dollar value against rupee prompted fresh offerings by stockists and local bankers, dealers said. Besides market rumours that State government may reduce tax burden on precious metals in the forthcoming State Budget also weakened the market sentiment, according to a broker here. In the overseas market gold looked up from $289.70 to $289.85 per ounce.

Meanwhile silver .999 finsihed steady at Rs 8,015 per kg so was silver .916 at Rs 7,890 per kg. Buying interest remained sluggish but scattered inflow kept prices in a narrow trading range throughout the session. In the global market silver moved up from $5.07 to $5.10 per ounce.

G'nut oil weak
Groundnut oil ruled weak on the oil,oilseeds market here today. Castorseed and its oil however extended gains on brisk coveringby bears and shippers coupled with stray overseas enquiries, dealers said.

Groundnut oil slid from Rs 370 to Rs 365 per 10 kg amidst thin physical support coupled with improved new crop supplies. In Rajkot it was weak at Rs 590/595 per 15 kg.

Imported palm oil finished Rs 2 lower at Rs 207 per 10 kg on weak overseas advices. In the global market palm oil slipped by $5 at $330 per tonne for the nearby delivery and at $332.50/335 per tonne for long delivery, it was learnt.Castor oil on the other hand moved up by Rs 4 at Rs 389/401 per 10 kg. Castorseed ready shot up by Rs 20 at Rs 1,789/1,795 per quintal in sympathy.

In the future section castorseed June delivery initially fell from Rs 1,880 to Rs 1,875 but lateron recovered to Rs 1,881 per quintal on stray bull covering. Maturing March delivery remained untraded, floor sources said.

In the international castor oil future market April delivery lifted from Rs 397 to 402 per 10 kg. In Ahmedabad castorseed April delivery placed firm at Rs 1,716 and Junedelivery at Rs 1,799 per quintal. Traders reported castorseed arrivals of 50000/55000 bags in Gujarat.

Sugar listless
In restricted activity the price hovered around the last week end levels on the sugar market.M-30 ruled at Rs 1505-1576 and S-30 at Rs 1460-1505 a quintal ex-godown. Ex-octroi checkpost, M-30 were on offer at Rs 1475-1525 and S-30 at Rs 1425-1460.In tenders, M-30 were indicated at Rs 1420-1450 and S-30 at 1370-1400 in Kolhapur line.Imported sugar EEC-2 ruled at Rs 1600-1610.

Yarn steady
A quietly steady trend was in evidence in polyesters on the yarn market.Polyester yarn grey first quality of medium-sized units 80dn roto ruled at Rs 99-100, weft at Rs 95-96, 150dn weft at Rs 81-82 and single roto at Rs 85-86 a kg.