Groundnut oil rose by Rs 5 at Rs 368 per 10 kg following tight supplies and continued physical enquiries ahead of wedding season. In Rajkot prices maintained at the improved level of Rs 630/635 per 15 kg.

Imported palm oil climbed by Rs 5 at Rs 215 per 10 kg. Tight overseas supplies following by expectation of hike in the import duty on edible oil by union government attributed to the recovery. In the global market palm oil consolidated recent gains at $380/385 per tonne, it was learnt.

Castor oil reacted by 50 paise at Rs 361/373 per 10 kg in absence of overseas support. Castorseed ready were down by Rs 2 at Rs 1649/1655 per quintal.

In the future section December delivery edged down by a rupee at Rs 1654 but March delivery looked up by Rs.2 at Rs 1696 per quintal. But overall volume of trading was remained at a low ebb, according to floor sources.

In the international castor oil future market, December delivery moved up by a rupee to Rs 375 and February delivery by same margin at Rs 380 per 10 kg. Fresh arrivals of castorseed ready in the Gujarat region were placed around 14000/15000 bags, it was learnt.

Cotton bearish
Bearish trend gathered further momentum on the cotton market following slack demand and reports of imports.

In Punjab zone, the price slumped by Rs 30 to 45 a maund afresh as the heavy pressure of arrivals not finding adequate buying support incerased selling perssure. Leading mills have been resorting to more attractive imports option. Around 60,000 bales have been booked from Pakistan at price starting from 37 cents and down to 34.75 cents, averred trade sources.

J-34 saw-ginned good average fell to Rs 1365-1470 and Cart selected to Rs 1435-1590 spot. J-34 roller-ginned good average were down to Rs 1325-1420. Bengal Deshi roller-ginned came down to Rs 1075-1130. The arrivals were comprised of 4500 bales of Bengal Deshi and 15,000 bales of J-34. Other cottons were notionally placed unchanged.

In futures, price surrendered 30 to 45 points afresh as December ended at Rs 4085, February at Rs 4091 and April at Rs 4140 a quintal.

New York quotations were better. December gained 0.18 at 49.45 cents. March at 51.49, May at 52.73 and July at 53.84 were up by 0.31 to 0.39.

Yarn steady
A steady condition prevailed on the yarn market. Activity in polyesters was better.

Polyester yarn grey first quality of medium-sized units 80dn roto ruled at Rs 98-99, micro roto at Rs 103-104 and weft at Rs 91-92 a kg. 150dn weft were placed at Rs 77-78, warp at Rs 86-87, single roto at Rs 79-80 and double roto at Rs 81-82.

Kabuli gram improves
Generally, a dull-to-subdued condition continued on the grains market following slack demand.

Wheat milling indigenous at Rs 770-775 and French at Rs 625 a quintal were static. MP 147 and Sarbati were quoted at Rs 875-950 and at Rs 950-1400 respectively. Rice Basmati new were placed at Rs 3000-3500. Old ruled at Rs 4500-5000. AP Kattar were on offer at Rs 1025-1050.

Among pulses, barring fresh improvement in kabuli gram, the price ruled quietly steady. Kabuli gram A-2 at Rs 3500-4200, B-2 at Rs 3000-3050, C-2 at Rs 2300-2600 and natural at Rs 2700-2800 were up by Rs 100 on restricted supply. Urad Myanmar eased by Rs 25 at Rs 1950. Tur Myanmar were static at Rs 1450-1475.

Sugar eases
A dull-to-easy condition was noticed on the sugar market following persistant slack demand.

S-30 price eased by Rs 3 to 5 a quintal while M-30 were unchanged. M-30 ruled at Rs 1445-1505 and S-30 at Rs 1423-1442 ex-godown. Ex-octroi checkpost the price ruled at Rs 1420-1450 and at Rs 1400-1408 respectively.

Market closed
The Bombay bullion market remained officially closed today.In the kerb trading, prices remained subdued following slow volume, steady overseas supplies, weak trend in dollar value against rupee and discouraging overseas advices.

Standard gold slid by Rs 20 at Rs 4,600 per 10 gm. Prices of gold biscuit (116.50 gm.) dropped by Rs 200 at Rs 54,500 per piece.

Silver fell from Rs 8,040 to Rs 8,000/8,025 per kg. In the global market gold placed at $293.50/293.75 per ounce while silver closed at $5.13/5.14 per ounce.

Delhi
Quality cardamom brown looked up by Rs 10 at Rs 305 a kg due to hoarding tendency by Siliguri stockists.

Inferior quality was available at Rs 255 a kg. Cloves, cinnamon, nutmeg and mace revealed a firm tendency in the expectations of good seasonal demand.Chiraunji moved up from Rs 380-440 to Rs 400-455 a kg amidst tight supply position from Madhya Pradesh.

Among dry fruits, on improved supply of new crop goods quality walnut kernel new fell by Rs 50 at Rs 180 a kg. Walnut also ruled easy while pistachio and pistachio dody revealed a firm tendency.