Active buying support continued in polyester yarn following fairly satisfactory situation in the fabrics market. Prices remained bullish, as a result. 80/1000dn grey first quality price zoomed from Rs 125-127 to Rs 130-135 a kg for goods of medium-sized units on hectic buying support, coupled with very restricted supply. Among other items, 80dn rotoset were sought after at Rs 93-94 and micro rotoset at Rs 97-98. 80dn weft and warp were placed at Rs 87-88 and at Rs 97-98 respectively.

In the case of 150dn, weft at Rs 65-66, warp at Rs 72-73, single roto at Rs 69-70 and double roto at Rs 71-72 were up by Rs 3 to 4.

Meanwhile. RIL has jacked up the price of 80/1000dn by Rs 3 at Rs 135 and of 80/1400dn by Rs 5 at Rs 148, the second time in the month. RIL also hiked the price of 80dn weft and rotoset by Rs 2.

Sugar easy

An easy trend continued onthe sugar market following limited demand which induced increased offerings.

Price eased further by Rs 5 to 7 a quintal. M-30 were placed at Rs 1425-1495 while S-30 ruled at Rs 1400-1442 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1405-1425 and at Rs 1380-1390 respectively.

In tenders, M-30 were placed at Rs 1370-1380 and S-30 at Rs 1340-1350 in Kolhapur line.

Brazilian sugar white and biscuit colour continued to be traded at Rs 1325 and at Rs 1250 plus sales tax respectively.

Cotton bullish

Bullish trend forged further ahead in Punjab zone on the cotton market. Elsewhere, a steady condition continued.

Punjab cotton price extended gains on sustained buying inquiries from local as well as mills from outside the state due to the fact that most of the crop has been marketed which would create the paucity of quality cotton shortly. Bengal deshi price firmed up by Rs 25 to 30 while J-34 gained Rs 10 a maund.

Bengal deshi roller-ginned good average Punjab rose to Rs 1425-1500, Haryanato Rs 1465-1470 and Rajasthan to Rs 1480-1495 spot. J-34 saw-ginned good average Punjab and Haryana were sought after at Rs 1670-1775 and at Rs 1625-1700 respectively while Rajasthan met with support at Rs 1680-1715.

Cart selected goods were traded at Rs 1825-1955, at Rs 1740-1750 and at Rs 1730-1740 respectively. J-34 roller-ginned good average ruled at Rs 1570-1680.

About 16 lakh bales have been already marketed in Punjab zone and only over one lakh bales more is likely to come, averred trade sources.

Meanwhile, imports continued in a limited way. West African goods were transacted at 56 cent and CSI goods at 47 cents of late, it was learnt.

Furtures remained weak on lack of interest. February shed 4 points and ruled at Rs 4853 while April was down by 20 points at Rs 4940.

Grains maintain

In moderate activity prices were maintained on the grains market.

Pulses were unyielding from the earlier high levels on reserved selling, coupled with sustained buying interest. Tur Myanmar weretraded at Rs 1650, Kenyan at Rs 1850-1875 and Tanzanian at Rs 2000-2025 a quintal. Urad Myanmar were sought after at Rs 1500. Moong Myanmar were in demand at Rs 1650-1750 and Chinese at Rs 1850-1875.

Australian gram were placed at Rs 1225-1250. Kabuli gram A-2 were transacted at Rs 2800-3100, B-2 at Rs 2500-2600, C-2 at Rs 1700-2000 and natural at Rs 2300-2400. Rajma chitra deshi were in demand at Rs 2500-2700, Chinese at Rs 2500 and red rajma imported at Rs 2500.

Wheat and rice were unchanged. New crop Saurashtra wheat have been arriving in limited quantity. Lokvan/Tukadi were transacted at Rs 900-950 and SW at Rs 950-1000. Rice Gujarat-17 were placed at Rs 1750-1825.

Palm oil spurts

Led by palm oil, prices rose further on the oilseeds market here today following increased local and industrial demand. Poor supply also boosted the market sentiment, dealers said.

In the edible section, imported palm oil rallied by Rs 8 to end at Rs 326 from the last close of Rs 318 due to thin supply coupledwith overseas advices. Groundnut oil rose further by Rs 3 to close at Rs 430 from yesterday's close of Rs 427 on good local demand.

In the non-edible section, linseed oil hardened by Rs 5 due to firm demand from paint industries and closed at Rs 440 as against the previous close of Rs 435. However, linseed bold ruled steady at Rs 1700. Castor oil improved to Rs 335 from the last close of Rs 334, while castorseed Madras strengthened to Rs 1512 from Rs 1507 on good export demand.

In the futures market, castorseed March contract opened steeply higher at Rs 1458 on heavy stockists demand. However, towards the fag, declined on fresh profit-selling and closed at Rs 1456, showing a good rise of Rs 7 over the last close of Rs 1449. June contract, however, fell by Rs 10 to Rs 1450 from yesterday's close of 1460. Silver declines further Silver further declined while gold rose modestly at the local bullion market today.

Silver .999 and raw values dropped again by Rs 60 and Rs 70 to Rs 8180 and Rs 8040 per kgrespectively on lack of demand from local dealers and industrial users induced by weak global and upcountry advices. Sellers were keen to offer in view of better arrivals.

However, gold standard mint and 22-carat prices gained slightly by Rs ten each to Rs 4355 and Rs 4030 nominal per ten gm. respectively on scattered demand at lower level from local dealers. However, gold biscuit remained unchanged at Rs 51,200 per ten tola due to lack of buying interest from investors and jewellery units.