Following improving supply in the wake of arrival of imported goods rajma chitra price beat a hasty retreat, losing Rs 300 to 350 a quintal. Deshi were down to Rs 3000 and Chinese to Rs 2600-2700. Red rajma Myanmar dipped further from Rs 2100-2150 to Rs 1950-2000. Kabuli gram price also suffered a setback for the same reason as A-2 fell from Rs 3300-3400 to Rs 3200. B-2 at Rs 2800, C-2 at Rs 2300 and natural at Rs 2500 lost Rs 100.

Green peas Rumba/Heart USA at Rs 1275 and Canadian at Rs 800-900 lost Rs 25. White peas Canadian were on offer at Rs 921. Tur Myanmar at Rs 1950, moong Myanmar at Rs 1600-1800 and Chinese at Rs 1750-1800 were static. Australian gam were down by Rs 25 at Rs 1200.

Wheat and rice ruled quietly steady. Wheat MP 147 ruled at Rs750-850 and Sarbati at Rs 900-1400. Rice Gujarat-17 were on offer at Rs 1800-2100.

Sugar subdued

A dull-to-subdued trend prevailed on the sugar market due to slack demand.M-30 shed Rs 5 at Rs 1460-1470 while S-30 were static at Rs 1445-1455 a quintal ex-octroi checkpost.

In tenders, M-30 were indicated at Rs 1415-1420 and S-30 at Rs 1395-1405 in Kolhapur line.

Brazilian biscuit colour sugar was static at Rs 1240 plus sales tax. White imported sugar was out of stock but a ship carrying Thai goods was due at Kandla port around 23rd of the month.

Cotton gains afresh

A steady-to-firm trend continued on the cotton market.

V-797 gained Rs 100 a candy afresh at Rs 12,600-12,900 spot on sustained buying support from the Gujarat federation and to some extent from the mills. Wagad were placed at Rs 12,200-12,300 and kalan-ginned at Rs 11,700-11,800.

Sanker average at Rs 14,000-15,000, medium at Rs 17,500-19,000 and superior at Rs 19,500-21,000 were steady.

In Punjab zone, Bengal deshiroller-ginned were placed at Rs 1400-1575 a maund. J-34 saw-ginned good average ruled at Rs 1775-1780 and cart selected at Rs 1850-2030.

June and September contracts shed 10 points and ruled at Rs 4870 and at Rs 4890 a quintal respectively. There were no deals in December contract since it came on the board.

Bullion rules weak

Both the precious metals ruled weak on the bullion market here today.

Standard gold moved down by Rs 25 to Rs 4,260 per 10 gm. Gold .22 carat was down by same margin at Rs 3,940 per 10 gm. Prices of gold biscuit (116.50 gm.) dropped by Rs 200 at Rs 50,200 per piece. Seasonal demand was at a low ebb as fresh losses in the global market triggered brisk selling among stockists and local bankers. In the global market the yellow metal finished lower from $275 to $272.80 per ounce.

Meanwhile silver .999 declined by Rs 105 to Rs 8,125 per kg. Silver .916 was down by Rs 60 to Rs 8,000 per kg in sympathy. Industrial buyers stayed away after recent rally in the prices whilerenewed overseas supplies and news of weak global prices prompted profit-taking in the city market. Delhi was weak and in the global market silver slid from $5.37 to $5.28 per ounce.

G'nut oil down

Groundnut oil ruled easy on the oil, oilseeds market here today. Castorseed and its oil reacted at the improved level amidst withdrawal of fresh overseas buying.

Groundnut oil fell by Rs 3 to Rs 392 per 10 kg on brisk summer crop arrivals. In Rajkot prices recovered from Rs 596/597 to Rs 604/605 per 15 kg on eased inflow due to unseasonal rain and cyclone in Gujarat.

Imported palm oil moved up by Rs 3 to Rs 261 per 10 kg. on eased offerings by importers. In the global market palm oil finished lower at $470 per tonne for nearby delivery and to $455/460 per quintal for long delivery, it was learnt.

Castor oil edged down by a rupee to Rs 357/371 per 10 kg on thin overseas buying interest. Castorseed ready was down by Rs 4 to Rs 1612/1618 per quintal.

In the futures section castorseed June deliverydeclined by Rs 6 to Rs 1680 and September delivery was up from Rs 1,715 to Rs 1,721 per quintal but volume of trading was nominal. In the international castor oil future market, August delivery finished a rupee lower at Rs 365 and October delivery also quoted a rupee lower at Rs 371 per quintal.

In Ahmedabad castorseed June delivery fell from Rs 1,574 to Rs 1,567 per quintal and in Gujarat spot delivery was firm at Rs 310/311 per 20 kg. Castor oil placed at Rs 344/345 per 10 kg in absence of fresh arrivals.