Groundnut oil eased by Rs 2 to Rs 378 per 10 kg on steady supplies while demand remained sluggish. In Rajkot it was quiet at Rs 590 per 15 kg.Imported palm oil finished Rs 3 lower at Rs 245 per 10 kg as fresh losses in the global prices promopted hectic offerings by Indian importers, it was learnt. Palm oil delivery for the second half of June was quoted lower at Rs 241/242 per 10 kg. In the overseas market palm oil reacted and closed at $420 per per tonne for the spot delivery and at $417.50 for the long delivery, it was gathered.

Castor oil gained Rs 10 to Rs 387.50/399.50 per 10 kg and castorseed moved up by Rs 50 to Rs 1,781.50/1,787.50 per quintal in sympathy.

In the futures section castorseed September delivery spurted from Rs 1,779 and crossed Rs 1,800-mark to close at Rs1,809 per quintal on renewed bull interest in the wake of higher upcountry advices. Maturing June delivery was remained absent from trading.

In Ahmedabad castorseed September delivery placed higher at Rs 1,810 per quintal. In Gujarat castorseed ready delivery rose to Rs 349/350 per 20 kg. Castor oil quoted at Rs 383/384 per 10 kg and castorseed arrivals dropped to 30000/35000 bags in the Gujarat region.

Bullion divergent

Divergent trend was witnessed on the bullion market here today. Gold dipped further while silver hardened as prices crossed Rs 7,700-mark on the back of smart recovery in the international market.

Standard gold finished Rs 10 lower at Rs 4,190 per 10 gm. Gold .22 carat fell by same margin at Rs 3,875 per 10 gm. Prices of gold biscuit (116.50 gm.) closed Rs 100 lower at Rs 49,000 per piece. Seasonal demand was thin while steady overseas supplies put pressure on the prices, dealers said. In the global market gold recovered from $265.60 to $267.35 per ounce.

Silver .999 on theother hand shot up by Rs 95 to Rs 7,740 per kg. Silver .916 was up by Rs 85 to Rs.7,585 per kg. in sympathy. Industrial buying pushed the white metal upward while eased supplies and firm global advices prompted renewed speculative interest. Delhi was firm and in the global market the white metal went up from $4.89 to $4.97 per ounce.

Sugar easy

A dull-to-easy trend was in evidence on the sugar market after previous day's sharp fall in value as demand remained at a low ebb.

M-30 were placed at Rs 1448-1505 as against Rs 1450-1515 and S-30 at Rs 1420-1460 as against Rs 1430-1460 a quintal ex-godown. Ex-octroi checkpost, M-30 were down to Rs 1427-1435 from Rs 1438-1445 while S-30 ruled static at Rs 1410-1425.

In tenders M-30 were indicated at Rs 1380-1390 and S-30 at Rs 1410-1425 in Kolhapur line.

Among imported sugar white Thai sugar at Rs 1320 ex-Kandla and Brazilian yellow at Rs 1240 plus tax ex-godown were steady.

Yarn bullish

Bullish trend continued in polyester yarn. However,the buyers have turned distinctly cautious at high levels.

The price of 80dn rotoset moved up further by Rs 2 a kg with the first quality goods of the medium-sized units quoted at Rs 90. Likewise, 150dn weft also rose to Rs 70-72. However, with price having reached a high uneconomic level, buyers have virtually gone into the shell, said a trade source. 80dn weft ruled static at Rs 84.

Grains steady

A quietly steady condition continued on the grains market following slack demand, coupled with improved supply of imported pulses.

Green peas USA Rumba/Heart were placed at Rs 1275 and Canadian at Rs 800-900 a quintal. White peas Canadian ruled at Rs 921-925. Tur Myanmar were on offer at Rs 1900. Mong Myanmar and Chinese met with support at Rs 1550-1750 and at Rs 1750-1800 respectively. Urad Myanmar recovered by Rs 25 on low level support and were traded at Rs 1700-1725.

Australian gram were placed at Rs 1200. Kabuli gram A-2 at Rs 3200-3300, B-2 at Rs 2800-2900, C-2 at Rs 1800-2000 and natural atRs 2200-2300 were steady. Rajma chitra deshi and Chinese continued to be transacted at Rs 2900-3000 and at Rs 2600 respectively. Red rajma Myanmar were on offer at Rs 1900-2000.

Wheat and rice were unchanged. Wheat milling deshi ruled at Rs 695-700 while imported ex-dock were traded at Rs 620-625. Rice AP cultured kolams ruled at Rs 1800-2300.

Cotton further up

Short and medium staple items of Gujarat netted further gains on the cotton market.

Moderately good mill buying support, coupled with reduced pace of supply pushed up the price of V-797 by Rs 200 a candy at Rs 13,000-13,400 spot. In line with this, Wagad rose to Rs 12,800 and Kalan-ginned to Rs 12,000.Sanker average at Rs 14,500-18,000, medium at Rs 18,500-19,500 and superior at Rs 20,000-21,000 were steady.