The price of grey items have been raised by Rs 2 a kg. Among important items 80dn roto is priced at Rs 96, micro roto at Rs 102, weft at Rs 90, 150dn weft at Rs 78 and warp at Rs 88. Rise in the price of dyed items was awaited.

The market prices of goods of medium-sized units 80dn roto were quoted at Rs 90, micro roto at Rs 95, weft at Rs 85-88 and warp at Rs 92-94. 80/1000dn and 80/1400dn ruled at Rs 115-120 and at Rs 120-125 respectively.In the case of 150dn, weft ruled at Rs 72-73, warp at Rs 82, single roto at Rs 74-76 and double roto at Rs 75-77.

This has added to the concern of the weavers and the cloth trade as also to the yarn trade who are in the throes of extremely sluggish conditions and acute liquidity crunch. The grey fabrics were being offered at 50 to 75 paise a meter below cost and yet had hardly any takers, statedtrade sources. Under the circumstance, more weaving units would shut down. The powerloom operations in Bhiwandi were already down to 50 per cent.

Cotton steady

A steady condition was noticed on the cotton market.

Prices held the ground despite restricted demand on reduced pace of offerings. V-797 were placed at Rs 12,900-13,400 a candy spot. Wagad were mentioned at Rs 12,600 and Kalan-ginned at Rs 11,700.

Sanker average ruled at Rs 14,500-16,500, medium at Rs 17,000-19,500 and superior at Rs 20,000-21,000.

In Punjab zone, Bengal deshi roller-ginned Punjab were quoted at Rs 1425-1475, Haryana at Rs 1350-1355 and Rajasthan at Rs 1480-1500. J-34 saw-ginned good average Punjab and Haryana were on offer at Rs 1750-1800 and at Rs 1720-1760 respectively while Rajasthan were placed at Rs 1760-1790. Cart selected material fetched Rs 1925-2050, Rs 1800-1810 and Rs 1800-1820 respectively.

Meanwhile, the Maharashtra federation is understood to have sold around 25,000 bales to the private mills. Furtherbuying interest was noticed but at around Rs 500 a candy lower than the current prices, it was learnt.

Bullion ends lower

Gold and silver prices suffered major losses on the back of sharp setback in the international prices on the bullion market here today.

Standard gold slipped by Rs 40 to Rs 4,110 per 10 gm. Gold .22 carat dropped by same margin at Rs 3,800 per 10 gm. in sympathy. Prices of gold biscuit (116.50 gm.) crashed by Rs 500 to Rs 48,200 per piece. Seasonal buying was over amidst onset of monsoon while renewed overseas supplies coupled with losses in the global prices triggered panic selling among stockists and local bankers here. Spurt in dollar value against rupee has failed to cheer up the market sentiment, dealers said. In the global market gold declined from $264 to $261.65 per ounce which is the fresh low level of last 20 years, dealers said.

Silver .999 reacted by Rs 40 to Rs 7,660 per kg. Silver .916 was down by Rs 50 to Rs 7,510 per kg. Industrial buyers were stayed away inthe falling market while weak Delhi and global advices put pressure on the local market. In the international market silver softened by 5 cents to $4.94 per ounce.

Castor oil dips

Groundnut oil maintained at the reduced level on the oil,oilseeds market here today. Castorseed and its oil on the other hand eased in absence of overseas demand at higher level.

Groundnut oil ruled steady at Rs 365 per 10 kg on eased supplies but demand was dull. In Rajkot prices ruled quiet at Rs 575/580 per 15 kg.

Imported palm oil bounced back from Rs 236 to Rs 243 per 10 kg on back of spurt in dollar value and recovery in the global market. Palm oil in the overseas market placed higher at $400 per tonne, it was learnt. Castor oil slid by Rs 2 to Rs 386/398 per 10 kg on demand resistnace. Castorseed placed Rs 10 lower at Rs 1,774/1,780 per quintal in sympathy.

In the futures section, castorseed September delivery nosedived from Rs 1816 to Rs 1792 per quintal as weak upcountry advices and onset of monsoontriggered brisk unloading by bull operaters, it was learnt. Maturing June delivery remained absent from trading today. In the international castor oil future market, August delivery was steady at Rs 401 and October delivery at Rs 408 per 10 kg.

In Ahmedabad castorseed September delivery quoted lower at Rs 1,798 and in Rajkot it was placed at Rs 1,791 per quintal. In Gujarat, castorseed spot delivery reacted to Rs 351 per 20 kg while castor oil moved down to Rs 373 per 10 kg. According to traders, arrivals of castorseed in the Gujarat region were around 35000 bags.

Sugar subdued

A dull-to-subdued trend was in evidence on the sugar market in the wake of limited buying support.

M-30 were placed at Rs 1444-1510 and S-30 at Rs 1422-1450 a quintal ex-godown. Ex-octroi checkpost, M-30 at Rs 1420-1430 and S-30 at Rs 1400-1410 were slightly weak.

In tenders, M-30 were placed at Rs 1370-1375 and S-30 at Rs 1355-1365 in Kolhapur line.

Among imported sugar, Thai white sugar was mentioned at Rs1300-1310 plus sales tax ex-Kandla. On the local market Brazilian yellow sugar found sellers at Rs 1225 plus sales tax.

Grains unchanged

Trading was a tame affair on the grains market. Prices, generally, ruled quietly steady.

Wheat milling deshi and imported were quoted at Rs 690-695 and at Rs 615-621 a quintal respectively. North Gujarat Sonaklyan wheat were on offer at Rs 725-735 and 496 at Rs 775-800.

Rice SLO were on offer at Rs 1051-1150. AP kattar and cultured kolam rice found sellers at Rs 1050-1150 and at Rs 1800-2100 respectively. Perimal average were on offer at Rs 900-1100 while superior fetched Rs 1200-1500.Among pulses, green peas USA Rumba/Heart were placed at Rs 1275 and Canadian at Rs 800-900. White peas Canadian were on offer at Rs 900.