On reserved selling due to reduced inflow, the price of milling and other inferior as well as medium variety wheat price hardened by Rs 10 to 15 a quintal. Milling wheat deshi were up by Rs 15 at Rs 761-765. Imported milling wheat gained Rs 10 at Rs 691 ex-dock. North Gujarat Sonaklyan were up at Rs 791-800 and 496 at Rs 815-825. MP 147 were placed at Rs 800-900 and Sarbati in the range of Rs 900-1300.

Rice ruled unchanged. SLO were on offer at Rs 1050-1100, Perimal average at Rs 900-1100 and superior at Rs 1200-1500.

Among pulses, green peas USA Rumba/Heart ruled at Rs 1250-1275, Canadian at Rs 800-925 and white peas Canadian at Rs 901. Moong Myanmar were on offer at Rs 1500-1675 and Chinese at Rs 1725-1850. Australian gram were placed at Rs 1200. Kabuli gram A-2 ruled at Rs 3000-3200, B-2 at Rs 2700-2800, C-2 at Rs 1800-2000 and natural at Rs 2200-2300.

Sugareasy

An easy condition was noticed on the sugar market folllwing demand continuing to be sluggish.

With an allround drop of Rs 5 a quintal, M-30 were placed at Rs 1420-1495 and S-30 at Rs 1400-1430 ex-godown. Ex-octroi checkpost,the price ruled at Rs 1395-1410 and at Rs 1380-1395 respectively.

In tenders, M-30 were indicated at Rs 1345-1355 and S-30 at Rs 1328-1340 in Kolhapur line with most of the quantity having been sold.

Thai white sugar also lost Rs 5 at Rs 1280, exclusive of sales tax, ex-Kandla.

Yarn improves

A sligtly better undercurrent was noticed in polyesters on the yarn market on limited improvment in buying interest.

Hitheto neglected polyester yarn witnessed emergence of restricted buying interest as the weavers were planning to give some push to the operations as the production of certain items has become viable, averred trade sources. This has resulted into the stockists of polyester yarn turning some what tight at the prevailing rates.

Grey first qaulity ofmedium-sized units 80dn roto was sought after at Rs 81-82, micro roto at Rs 92-93, weft at Rs 80-81 and warp at Rs 84-85 a kg. 150dn weft found support at Rs 71 and warp at Rs 78-80. Single and double roto were in demand at Rs 72 and at Rs 73 respectively.

However, the main hitch even now is the unsold stock of the grey fabrics, stated trade circles. The pick up in th weaving operations and through that the buying in yarn would depend, it was felt.

G'nut oil weak

Groundnut oil remained weak on the oil,oilseeds market here today. Castorseed and its oil however lifted up following short covering by bears and shippers.Groundnut oil placed Rs 3 lower at Rs 360 per 10 kg on restricted demand. In Imported palm oil dropped to a new low level of Rs 200 per 10 kg following continued setback in the global market. In the overseas market, palm oil quoted lower at $337.50/340 per quintal, it was gathered.

Castor oil rose by Rs 6 at Rs 376/388 per 10 kg on fresh overseas support coupled with covering byshippers. Castorseed ready shot up by Rs 30 at Rs 1724/1730 per quintal in sympathy. In the futures section castorseed September delivery advanced from Rs 1,727 to Rs 1,744 before concluding at Rs 1,733 per quintal. In Ahmedabad prices placed at Rs 1,731 and in Rajkot it was settled at Rs 1,714.50 per quintal. In Gujarat castorseed ready delivery held at Rs 338/340 per 20 kg and castor oil at Rs 366/368 per 10 kg.

In the international castor oil future market, the trend was steady. Both August and October delivery remained unchanged at Rs 385 and Rs 391 per 10 kg respectively. December delivery however edged up by Rs 2 at Rs 354 per 10 kg.

Gujarat cottons dip

An easy trend was noticed on the cotton market following change in the sentiment caused by beneficial rains in the producing centres.

Price dipped by Rs 200 a candy on emergence of selling pressure triggered by reports of rains in Guajrat and other producing centres. V-797 were placed at Rs 12,800-13,200, Wagad at Rs 12,300 andkalan-ginned at Rs 11,800 spot. Sanker ruled in the range of Rs 15,500-20,500.

The booking of imported goods continued. A delegation of Australian cotton exporters had a meeting with the prospective buyers here, it was gathered. The consignments of imported goods would start arriving coninciding with the commencement of the new season here. Besides, with the ginning and pressing capacity in Gujarat having risen to around 70 lakh bales, ample pressed bales would be avilable even in the bigining of the season. Based on this scenario, there was distinct caution in the market sentiment.

Meanwhile, improving trend continued in New York cotton with cotracts moving up by about 92 cents. October was up at Rs 50.44, December at Rs 51.37, March at Rs 52.10 and May at Rs 52.78.

Silver softens

Silver prices softened while gold ruled steady on the bullion market here today.

Silver .999 finished Rs 40 lower at Rs 7,850 per kg. In the ready section silver .916 was down by Rs 35 at Rs 7,700 per kg insympathy. Industrial buyers were stayed away from the falling market as steady inflow of raw silver from local sources coupled with weak Delhi and overseas advices put fresh pressure on the market here. Overseas supplies however remained negligible today and the volume of trading was hardly 125/150 kg, dealers said. In the global market the white metal closed lower at $5.03 ($5.06) per ounce.

Standard gold remained unchanged at the reduced level of Rs 4,000 per 10 gm. so was gold .22 carat at Rs 3,700 per 10 gm. Prices of gold biscuit (116.50 gm.) ruled static at Rs 47,000 per piece. Demand was sluggish but eased supplies kept offerings limited. In the international market the yellow metal slid by a dollar at $353 per ounce.