Domestic oil industry was in crisis because of higher import. Linseed oil slumped by Rs 100 at Rs 4000 a quintal due to poor offtake and castor oil in tanker dipped by Rs 20 at Rs 3380 a quintal.

Gram firm

Wheat dara, on the Delhi market slipped by Rs 2-3 at Rs 665-678 a quintal due to weak demand from bakers and flour millers. Roller flour mill atta, maida and suji slipped by Rs 5-10 per bag.

On firm Maharashtra advices, arhar improved by Rs 25-30 a quintal. Bold masoor recorded a gain of Rs 25 a quintal due to restricted supply. Gram Rajasthani, despite inflow of about 65 lorries, firmed up by Rs 60 at Rs 1165 a quintal on support from millers and gramdal, on demand from eastern India, flared up by Rs 40-60 at Rs 1250-1420 a quintal.

Sugar edges up

Mill delivery sugar Mawana edged up by Rs 7 at Rs 1452 and Titabi firmed up by Rs 10 at Rs 1380 a quintal due to restricted supply while demand in sub-standard sugar with moisture was reported poor.

Imported sugar was quoted at Rs 1500-1510 a quintal.

Dry mango crashes

Dry mango crashed by Rs 200-500 per quintal in the expectation of bumper mango crop and dhania tumbled down by Rs 100-600 a quintal. Similarly, dry ginger crashed by Rs 200-500 a quintal on selling pressure of new crop of dry ginger.

Poppyseeds eased by Rs 5-7 a kg due to weak demand. Zeera, on weak Unjha advices, tumbled down by Rs 50-200 a quintal and turmeric slumped by Rs 50-150 a quintal on selling pressure of new turmeric in Erode and Nizabamad mandi.

Among dry fruits, almond California suffered a sharp setback of Rs 100 per 40 kg due to sluggish demand.

Silver coins remain static

Divergent conditionswere noticed on the Delhi bullion market on Wednesday.Though New York silver future dipped to 511 cents from 518 cents an ounce, yet spot silver .999 fineness marked up by Rs 20 at Rs 7655 a kg on good wedding demand. Silver weekly delivery remained unchanged at Rs 7635 a kg.Silver coins also remained steady at Rs 10,500-10,600 per 100 pieces.

Gold in London ruled easy at $286.25 and in the expectations of inflow of about 1000 kg gold by Wednesday, gold biscuit and standard mint gold slipped by Rs 10 at Rs 4360 and Rs 4370 per 10 gram, respectively due to weak demand from jewellers.

Gold sovereign remained unaltered at Rs 3750-3775 per 8 gram.

Twill falls sharply

Jute goods registered further losses on the local market in line with the producing market Calcutta where after the proposed strike was taken back by the jute mills unions, prices of B. Twill and hessians fell sharply by Rs 200-300 at Rs 20,700-22,000 and Rs 28,300-29,500 per tonne. This has led to a nervous selling by the stockistsin the markets here with Harapatta, B. Twill (2 & 2-1/4 lbs) and A. Twill edging down by Rs 25 per 100 bags. Hessians eased by Rs 5-15 per 91.4 metres.

In old gunny bags, though the new crop of mustard has hit the mandies, but the offtake of old gunny bags for its filling, has not picked up. Sugar gunny bags thus fell by Rs 50 at Rs 2000-2200 per 100 bags.

Caustic soda flakes decline

Major chemicals were easy due to poor offtake by the consumers units. Manufacturers, as a result, have reduced their selling prices. Caustic soda flakes fell by Rs 5-10 at Rs 680-710 per bag in the wake of sufficient inflow from Grasim Industries, IPCL, DCM, Modi Alkalies, KCI and Gujarat. In zinc oxide, due to cheaper raw material prices, the manufacturers were expected to slash their rates, hence, local prices came down by Rs 1-2 at Rs 60-66 a kg.

Menthol section witnessed further sales pressure which was inadequately consumed by the local and other buyers. Menthol flake, bold and thymol slipped by Rs 3-5 at Rs400, Rs 425 and Rs 260 per kg. Citric acid lacked in ready inventory to held firm.

Tin ingot dips

Nickel and brass products were lower due to stockists unloading. The local non-ferrous metals market faces liquidity crunch. Nickel plate (4x4) and tin ingot dipped by Re one at Rs 248-275 and Rs 334 a kg.

In brass section, the market received improved arrivals. Chadripital, brass sheet cutting, hence eased by 50 paise per kg. Other metals werefeatureless.