Groundnut oil ruled quiet at Rs 400 per 10 kg on tight supplies. But demand was dull. In Rajkot it was steady at Rs 640/645 per 15 kg.

Imported palm oil held at Rs 224 per 10 kg. In the global market prices fell further by $2.50 at $310 per tonne for nearby delivery and at $312.50/315 for the long delivery, it was learnt.

Castor oil fell by Rs 3 at Rs 362/374 per 10 kg. Castorseed ready were down by Rs 15 at Rs 1,660 per quintal in sympathy.

In the future section castorseed September delivery dropped from Rs 1,696 to Rs 1,670 before concluding at Rs 1,675 per quintal. June delivery remained unquoted. In the international castor oil future market August delivery fell from Rs 383 to Rs 378 per 10 kg.

In Ahmedabad castorseed September delivery declined to Rs 1,679 and in Rajkot at Rs 1,658.50 per quintal. Traders placed castorseed arrivals at 14000/15000 bags in Gujarat.

Gold slips
Gold prices suffered losses at the improved level on the bullion market here today. silver however moved in a narrow band and closed on a mixed note.Standard gold reacted by Rs 10 at Rs 4,570 per 10 gm. Gold .22 carat was down by Rs 5 at Rs 4,230 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) reacted by Rs 250 at Rs 53,550 per piece. Demand resistance arrested rally in the prices while weak overseas advices followed by improved local supplies prompted profit-taking among stockists and local bankers. In the global market gold slipped from $291.45 to $289.15 per ounce.

Meanwhile silver .999 closed Rs 10 higher at Rs 7,980 per kg. Tight supplies followed by bullish overseas advices attributed to upsurge, dealers said. Silver .916 was steady at Rs 7,840 per kg on nominal trading. In the overseas market silver prices went up from $4.98 to $5.02 per ounce.

Yarn static
A steady condition prevailed in viscose and nylons on the yarn market.Nylon yarn 15/1/0dn Shreelon ruled at Rs 290 a kg. Gujnil 20/1/0dn were on offer at Rs 285, 30/1/0dn at Rs 320 and 111/24/0dn at Rs 170 a kg.VFY bright cones Century Rayon/ Indian Rayon 150dn were traded at Rs 193, 120dn at Rs 205, 100dn at Rs 213, 75dn at Rs 253 and 40dn at Rs 428.

Urad remains weak
Due to relentless selling in anticipation of imminent pressure of supply undertone in urad Myanmar ruled weak even at a low level of Rs 2,500 for ready and Rs 2,400 for incoming. Green peas Canada at Rs 901-911 and Rumba/ Heart at Rs 901-911 as also white peas Canada at Rs 941-951 were static. Tur Myanmar new and old ruled at Rs 1,425 and at Rs 1,625 respectively.

Australian gram were in demand at Rs 1,500. Wheat and rice were steady.

Punjab cotton eases
Punjab cotton ruled weak on slack demand and poor quality.J-34 price eased by Rs 5 to 10 a maund. Saw ginned good avearge ruled at Rs 1,825-1,920 and cart selected at Rs 1,910-1,990 spot. Bengal deshi lost Rs 15 to 20 and ruled at Rs 1,200-1,250.

Gujarat ruled steady. 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 bearish
Sugar market presented a bearish stance on slack demand. Local prices fell by Rs 8 to 10 a quintal.M-30 dipped to Rs 1,505-1,545 and S-30 to Rs 1,480-1,525 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1,492-1,510 and at Rs 1,470-1,485 respectively. Ex-mill price ruled quietly steady. M-30 were indicated at Rs 1,450-1,470 and S-30 at Rs 1,425-1,450 in Kolhapur line.

Delhi
Following favourable rains, demand from vanaspati millers in oils remained sluggish, consequently, mustard, soyabean and sunflower mill delivery oils, in edible section, fell by Rs 30 a quintal. There were reports in the market that vanaspati millers have not been using 25 per cent indigenous oils for the manufacture of vanaspati. Soya DOC prices shot up by Rs 100 at Rs 9,700 a tonne in the expectations of demand from South East Asian countries while, sunflower DOC crashed by Rs 300 at Rs 5,600 a tonne on selling pressure from the neighbouring states coupled with slack demand.

Almond flares up
Almond California on the local market recorded a sharp rise of Rs 150 at Rs 7,200 per 40 kgs because of mutual buying and selling by leading parties and stockists. Its kernel also edged up by Rs 4 at Rs 256 a kg.