Apprehending government intervention at higher rates, wheat dara slipped by Rs 10 at Rs 680-690 a quintal due to sluggish upcountry demand. Daily arrival of wheat from the neighbouring states went up from 6000 bags to about 11,000 bags. Consuming states are expected to get official wheat shortly. Roller flour mill atta, maida and suji also ruled easy in sympathy. As against this, maize revealed a firm tendency as supply line was totally shattered due to devastating floods in Bihar.

Among pulses, masoor and its dal further flared up by Rs 25-50 at Rs 1800-1950 and Rs 2000-2675 a quintal, respectively on holding of stock by UP and MP stockists coupled with smuggled outflow to Nepal and Bangladesh. Gram Rajasthani slipped by Rs 10 a quintal due to poor offtake by millers.

Business in edible oils sluggish

In the wake of higher import of edible oils, most of the domestic oil traders werereeling under recessionary tendency and on floating of a tender by STC for the sale of 23,000 tonnes imported oils, business in mill delivery edible oils remained sluggish on Saturday. STC oil will be sold to vanaspati and refining mills. Import of edible oils was reported about 25 lakh tonnes as against demand-supply gap of about 15 lakh tonnes.

Mumbai:Groundnut oil eased further on the oil,oilseeds market here today. Castorseed and its oil however finished firm on a steady covering by bears and shippers amidst renewed overseas demand.

Groundnut oil closed Rs 2 lower at Rs 353 per 10 kg. Buying interest remained sluggish. In Rajkot groundnut oil ruled steady at Rs 580 per 15 kg.Imported palm oil maitnained at Rs 198 per 10 kg as eased overseas supplies arrested fresh selling at the lower level. Demand however was dull.

Castor oil placed a rupee higher at Rs 377/389 per 10 kg. Castorseed ready rose by Rs 5 at Rs 1729/1735 per quintal in sympathy.

In the futures section castorseed September deliveryshot up from Rs 1,741 to Rs 1,759 per quintal on renewed bull loading. In Ahmedabad September delivery settled higher at Rs 1,733 and in Rajkot it was quoted at Rs 1,739 per quintal. In Gujarat castorseed spot delivery climbed to Rs 343 per 20 kg and castor oil moved to Rs 370 per 10 kg.

In the international castor oil future market the trend was steady as both August and October deliveries were finished at Rs 389 and Rs 395 per 10 kg respectively. Today there was no trading in December delivery.

Sugar edges up

Though demand in sugar from Punjab, Haryana and UP parties plummeted from 20-25,000 bags to 10-15,000 bags, yet mill delivery quality sugar prices edged up by Rs 10 a quintal in the expectations of good festive demand.Mawana sugar was traded at Rs 1450-1495, Bagpat at Rs 1375, Ram-Luxman at Rs 1360, Amroha at Rs 1355 and Gajroula at Rs 1345 a quintal.

Gold static

Silver, at the local bullion market recorded a mild gain and gold also held steady on Saturday.

Though New Yorksilver future ruled easy at 515 cents an ounce, yet, spot silver .999 fineness improved by Rs 15 at Rs 7750 a kg on good festive demand. Daily arrival was reported about 5000 a kg. Silver weekly delivery also edged up by Rs 15 at Rs 7750 a kg on scattered speculative support.Gold on the overseas market remained subdued at $255 an ounce, but gold biscuit and standard mint gold held steady at Rs 3990 and Rs 4000 per 10 gram, respectively due to restricted supply.

Mumbai:The Bombay Bullion market remained officially closed on Saturday for `Ashadhi Ekadashi'.

In the global market, gold prices slid from $255.50 to $255.25 per ounce. Silver recovered by 2 cents at $5.15 per ounce.In the city market, in kerb deals, gold biscuit (116.50 gm.) was quoted Rs 50 lower at Rs 47,100 per piece. Standard gold ruled quiet at Rs 4,020 per 10 gm. while silver maintained at Rs 7,925/7,950 per kg.

Zeera shoots up

Cloves, nutmeg and mace, at the local market slipped by Rs 5-10 a kg on profit-taking selling whilezeera, on hectic speculative buying and selling, again shot up by Rs 500 at Rs 7800-9500 a quintal. Zeera crop in Turkey and China was reported poor, consequently, stockists were trying their level best to push up zeera prices.

Among dry fruits, almond California and almond girdi Afghani tumbled down by Rs 100-150 per 40 kg.