The price of POY has been raised by Rs 2 a kg. 126dn has been priced at Rs 65 and 235dn at Rs 58.

Besides, the price of texturised items have been raised for the second time in the current month. The jack-up has been by Rs 3 to 4 in the case of 80dn and by Rs 2 in the case of 150dn. Thus, the new price of grey 80dn roto has been fixed at Rs 102 (up by Rs 4) and of 80dn weft at Rs 97 ( up by Rs 3) while 150dn weft has been priced at Rs 81.

In anticipation of the hike, the market price had already started hardening. Thus 80dn gained Rs 4 to 5 and 150dn Rs 3. Grey first quality of medium-sized units 80dn roto rose to Rs 97-98, micro roto to Rs 102-103, weft to Rs 91-92 and warp to Rs 97-98. 80/1000dn at Rs 135 and 80/1400dn at Rs 140-142 ruled steady being already on the high level for quite some time.

150dn weft were placed at Rs 76-77, warp at Rs 85-86, single roto at Rs 78-79 and double roto at Rs 80-81.

G'nut oil spurts
Groundnut oil recovered sharply on the oilseeds market here today due to heavy demand amidst thin supply. Elsewhere, imported palm oil rose smartly in line with higher overseas advices along with poor arrival.

Groundnut oil shot up by Rs 8 to close at Rs 358 as against the previous close of Rs 350. Imported palm oil rose by Rs 3 to Rs 198 from Rs 195.However, in the non-edible section, castor oil commercial at Rs 358, castorseed at Rs 1640 and linseed oil at Rs 350 held steady on scattered dealings.

In futures, castorseed December contract opened steady at Rs 1650 and after moving in a narrow range, closed at Rs 1654, showing a small gain of Rs 4 over the last close of Rs 1650. March contract, however, started sharply higher at Rs 1676 and later declind on profit-selling and ended at Rs 1670, showing a steep rise of Rs 18.75 over the previous close of Rs 1651.25.In castoroil international contract, prices of December and February deliveries declined by Rs2 each to Rs 371 and Rs 376 on poor overseas enquiries.

Cotton steady
A steady trend prevailed on the cotton market. Activity was restricted.V-797 were placed at Rs 13,200-13,500, Wagad at Rs 12,800-12,900 and Kalan-ginned at Rs 12,000-12,100 a candy spot. Arrival of Sanker was on the low side due to holiday in Gujarat. The price ruled in the range of Rs 17,000-18,500.

Arrivals in MP also were negligible in the wake of commencement of purchases by the Maharashtra government under its monopoly procurement scheme which had stopped the usual unoffical diversion of the goods to MP, averred trade sources.

In Punjab Bengal deshi roller-ginned ruled at Rs 1150-1220, J-34 saw-ginned good average at Rs 1450-1520 and cart selected at Rs 1530-1675 a maund.In futures, the price eased by around 10 points. December ended at Rs 4267, February at Rs 4266 and April at Rs 4305 a quintal.

New York December at 50.68 cents eased by 0.09 while others were down by 0.19 to 0.24 cents as March was placed at Rs 52.39, May at 53.60 and July at 54.66 cents.

Bullion recovers
Both gold and silver recovered marginally on the bullion market here today due to fresh low-level buying.Better overseas advices also boosted the market sentiment, dealers said.

Standard gold, after a steady start at Rs 4590, rose towards the fag end to close at Rs 4600, showing a gain of Rs 10 over the previous close of Rs 4590. 22-carat gold was nominally quoted higher at Rs 4255 from Rs 4245 and ten-tola gold bar (.999 purity) firmed up by Rs 100 to Rs 53,800 from the last close of Rs 53,700.

Ready silver (.999 fineness) started firm at Rs 8005 and rose further to end at Rs 8035, showing a rise of Rs 35 over Rs 8000 previously. Tenderable silver also rose similarly to Rs 8040 from Rs 8005. However, raw silver (.916 fineness) declined to Rs 7860 from Rs 7890 on good arrival.

Sugar improves
Sugar price improved futher in line with the trend in ex-mill quotations and better buying support.The price looked up by Rs 5 to 7 a quintal. M-30 were placed at Rs 1440-1510 and S-30 at Rs 1425-1490 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1435-1445 and at Rs 1415-1425 respectively.In tenders, M-30 gained Rs 5 at Rs 1375-1385 and S-30 Rs 10 at Rs 1360-1370 in Kolhapur line in the wake of active demand from Gujarat and Rajasthan.