Mumbai, June 29: Barring a small improvement in wheat, generally quiet condition prevailed on the grains market. Bearish pressure continued in urad.Wheat medium were up by Rs 20 to 25 a quintal on improved buying support. Arrivals continued to be very limited and almost entirely from MP. Lokvan medium ruled at Rs 815-850 and superior at Rs 900-1,100. 147 were traded at Rs 900-1,000 and Sarbati at Rs 1,000-1,400. Rice Perimal Punjab medium at Rs 1,000-1,200 and superior at Rs 1,250-1,300 held steady.Among pulses, urad price lost Rs 50 afresh on relentless offerings. Ready were on offer at Rs 2,500 and incoming at Rs 2,400. Moong Myanmar medium were on offer at Rs 1,675-1,750 and superior at Rs 1,900-2,100. Australian gram were well-held at Rs 1,500 on reserved selling.Kabuli gram stock was mainly confined to A-2 variety. Mexican A-2 ruled at Rs 3,800, Canadian at Rs 3,500-3,600 and USA at Rs 3,500. B-2 Canada were placed at Rs 3,300, Australian at Rs 3,100-3,200 and Turkey/ Iran at Rs 2,900-3,000. C-2 ruled at Rs 2,800-2,900 and natural at Rs 2,800-2,900.Yarn improves
A better tendency was noticed in polyesters on the yarn market.Following improved buying support, prices looked up by Rs 2 a kg. Grey first quality of medium sized units 80dn roto rose to Rs 94-95, micro roto to Rs 94-98 and weft to Rs 85-86. 150dn weft ruled at Rs 73-74 and single roto at Rs 74-75.
Cotton steady
Prices were steady on the cotton market.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 were quoted at Rs 1,215-1,270.
V-797 ruled at Rs 14,000-14,300, Wagad at Rs 13,500-13,600. Superior Sanker had changed hands at Rs 22,000 a candy spot. The general price range for Sanker was: average Rs 18,000-19,000 and superior at Rs 19,500-22,000.
Sugar subdued
Sugar market displayed dull to subdued trend on demand turning slack.Ex-octroi checkpost, the price shed Rs 5 a quintal. M-30 ruled at Rs 1,500-1,510 and S-30 at Rs 1,480-1,490. Ex-mill price also turned cheaper by Rs 5. M-30 were indicated at Rs 1,450-1,460 and S-30 at Rs 1,425-1,450 in Kolhapur line.
Ex-godown, the price ruled unchanged at Rs 1,515-1,545 and at Rs 1,487-1,535 respectively.
Gold shines
Both the precious metals shot up moderately on the bullion market here today. Gold continued to move up on persistent local demand. Higher advices from international markets also affected the sentiment. Silver also rose on renewed demand from industries.
Standard gold advanced further by Rs 20 to close at Rs 4580 from Rs 4560. 22-carat gold also jumped by Rs 15 to finish at Rs 4235 from Rs 4220 yesterday. Ten-tola gold bar (.999 purity) also hardened to Rs 53800 from Rs 53400 previously.
Silver spot (.999 fineness) and tenderable silver both moved up by Rs 15 each to close at Rs 7970 and Rs 7975 respectively from Rs 7955 and Rs 7960 yesterday. Raw-silver (.916 fineness) recovered by Rs 15 to end at Rs 7840 from Rs 7825.
Castor oil drops
Industrial oils declined moderately on the oils and oilseeds market here today. Edible oils, however, ruled steady.Castoroil commercial dropped further on lack of demand from soap industries. Castorseeds bold Madras also finished lower on lack of export enquiries. Linseed oil also closed lower on poor demand from paint industries.
In the industrial section, castoroil commercial slipped further by Rs 5 to close at Rs 365 from Rs 370. Catrorseeds bold Madras also dropped to Rs 1675 from Rs 1700. Linseed oil fell by Rs 5 to Rs 305 from Rs 310.
In futures, castorseeds September contract opened lower at Rs 1700 on profit-taking and declined further to Rs 1690 before closing at Rs 1696 as against Rs 1713 yesterday, showing a loss of Rs 7. However, in castoroil international contract, August delivery ruled steady at Rs 383.Moving to the edible section, groundnut oil and imported palm oil both ruled unaltered at Rs 400 and Rs 224 respectively.
Tin further up
Tin prices continued to rule firm on the non-ferrous metal market here today on persistent demand from industries. Nickel and zinc edged up on stray buying. However, lead eased marginally.
Tin shot up further by Rs 3 per kg to Rs 378 from Rs 375. Nickel inched up to Rs 521 per kg from Rs 520. Zinc moved up further to Rs 88.50 per kg. However, lead eased to Rs 34 per kg from Rs 34.25. Other metals ruled steady.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.