Mumbai, June 28: A dull to subdued trend prevailed on the grains market. Selling pressure was evident in pulses while demand remained dull pushing down the prices of several items in the process.Green peas USA Rumba/ Heart lost Rs 50 a quintal at Rs 1,250. Canadian shed Rs 20 at Rs 911. White peas Canadian eased by Rs 10 at Rs 931. Tur price fell by Rs 25. Myanmar old were on offer at Rs 1,425 and new at Rs 1,625. Kenyan and Tanzanian dipped to Rs 1,650 and Rs 1,700 respectively.
Rajma chitra chinese lost Rs 50. New were quoted at Rs 1,650-1,750 and old at Rs 1,550-1,600. Red rajma Myanmar new and old were unchanged at Rs 1,300-1,400 and at Rs 1,250-1,275 respectively. Urad Myanmar ready at Rs 2,550 and incoming at Rs 2,450 were static. Wheat and rice ruled quietly steady.
Yarn steady
Viscose and nylons ruled steady with modest buying support on the yarn market.
VFY bright cones first quality Century Rayon 150dn were on offer at Rs 193, 120dn at Rs 205, 100dn at Rs 213, 75dn at Rs 253 and 40dn at Rs 428 a kg. 120dn dull cones found sellers at Rs 206.
Nylon yarn gujnil 20/1/0dn were traded at Rs 285, 30/1/0dn at Rs 320 and 111/24/0dn at Rs 170. Shreelon 15/1/0dn ruled at Rs 290.
Castor futures dip
Castorseeds futures declined sharply on the oils and oilseeds market here today. Edible oils also eased marginally.
Castorseeds September contract resumed lower at Rs 1710 on profit-taking and moved down further to Rs 1700 before closing at Rs 1713 as against Rs 1729 yesterday, showing a fall of Rs 16. In the castoroil international contract August delivery was quoted lower at Rs 383 as compared to Rs 386 previously.Groundnut oil eased further to Rs 400 from Rs 401 on poor offtake. Imported palm oil also edged down by Rs 2 to Rs 224 from Rs 226 on reports of fall in international markets.
Moving to the industrial section, castoroil commercial declined by Rs 4 to Rs 370 from Rs 374 on lack of support from soap industries. Castorseeds bold Madras also fell by Rs 20 to Rs 1700 on poor export enquiries. However, linseed oil ruled steady at Rs 310.
Sugar improves
Better trend prevailed on the sugar market following improved demand.M-30 gained Rs 5 and S-30 Rs 10 a quintal on the local market. Ex-godown, M-30 ruled at Rs 1,515-1,550 and S-30 at Rs 1,485-1,535. Ex-octroi checkpost, M-30 was traded at Rs 1,510-1,525 and S-30 at Rs 1,480-1,495. Ex-mill quotations ruled steady. M-30 were indicated at Rs 1,460-1,470 and S-30 at Rs 1,430-1,445 in Kolhapur line.
Punjab Cotton up
A steady to firm trend was in evidence on the cotton market. Continued dry spell imparted fresh strength to the values of Gujarat cotton. V-797 was up at Rs 14,000-14,500, Wagad at Rs 13,600-13,700 and Sanker in the range of Rs 18,000-21,500 a candy spot.
In Punjab zone, almost the entire stock is sold out. J-34 saw ginned good avearge ruled at Rs 1,870-1,925 and cart selected at Rs 1,915-2,010 a maund. Bengal deshi roller ginned ruled at Rs 1,215-1,270.
Meanwhile, with fresh sales of around 25,000 bales, the Maharashtra federation's total sale has crossed 20 lakh bales.
Silver unchanged
Gold continued to rule firm on the bullion market here today on persistent local demand. Silver also ruled steady. Marketmen said a sharp rise in overseas markets partly aided the yellow metal's rise. Standard gold moved up further by Rs 20 to Rs 4560 from Rs 4540 yesterday. 22-carat gold also advanced by a similar margin of Rs 20 to Rs 4220 from Rs 4200. Ten-tola gold bar (.999 purity) also rose to Rs 53400 from Rs 53150.
However, silver spot (.999 fineness) and tenderable silver both ruled steady at Rs 7955 and Rs 7960 respectively. Raw-silver (.916 fineness) eased to Rs 7825 from Rs 7830 yesterday.
Delhi
Divergent conditions were seen at the Delhi bullion market on Wednesday.Gold in London firmed up by $2 to $286.50 an ounce, consequently, gold biscuit and standard mint gold here firmed up by Rs 35 at Rs 4575 and Rs 4585 per 10 gram, respectively. Demand in gold from jewellers was also reported good. Gold sovereign remained unchanged at Rs 3800-3825 per 8 gram.New York silver future ruled easy at 496 cents an ounce and inflow of imported silver on Tuesday, improved to 3000 to 4000 kg, as a result, spot silver .999 fineness and silver weekly delivery slipped by Rs 10 at Rs 7805 and Rs 7815 a kg, respectively due to weak upcountry demand coupled with unloading by the bulls. Silver coins held steady at Rs 10,700-10,800 per 100 pieces.
Masoor slips
Barring urad Rangoon, subdued conditions were seen at the Delhi grains and pulses market on Wednesday.
On selling pressure from UP and Haryana mandies coupled with slack demand from despatchers, wheat dara slipped by Rs 2 at Rs 623-633 a quintal. It was reported that FCI would be selling 2 lakh tonnes red wheat in Gujarat and Maharashtra at Rs 651-681 a quintal. Rice prices remained unchanged as daily arrival from the neighbouring states went up to 15,000 bags.Among pulses, urad Rangoon in plastic pack firmed up by Rs 25 at Rs 2750 a quintal due to poor offerings by the stockists. Masoor and gram Rajasthani slipped by Rs 10 a quintal due to weak demand at higher rates.
Gur firm
Mill delivery sugar prices showed signs of improvement as millers were apprehending less allocation of sugar quota.
Mawana sugar was traded at Rs 1630, Bisalpur Rs 1427, Simbhauli Rs 1480 and Bijnore old sugar at Rs 1425 a quintal.
Gur ruled firm on encouraging advices from Sangli.
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