Delhi, January 24: In mixed market conditions, pulses prices, at the Delhi grains and pulses market showed a declining tendency on Monday.On emergence of strong buying support from the beer-malt plants of neighbouring states, barley climbed up by Rs 20-30 at Rs 750-800 a quintal while, on stockists selling, oats fell by Rs 20-40 at Rs 745-830 a quintal.
Despite steady advices from Mumbai, urad Rangoon, at the local market dipped by Rs 15-20 at Rs 1890-1900 a quintal and Maharashtra and Madhya Pradesh urad tumbled down by Rs 25-40 a quintal. Similarly, urad dal chhilka and Indore dhoya drifted lower by Rs 25-50, masoor and its dal fell by Rs 15-25 and rajmash chitra of Pune and Lobia Reshmi of Bihar tumbled down by Rs 50 a quintal due to sluggish demand from local as well as upcountry buyers.
Gram dipped by Rs 20 at Rs 1265-1270 a quintal, besin and gram dal slipped by Rs 10-25 on selling pressure coupled with lack of matching support.
Edible oils remain sluggish
Despite firm Malaysiaadvices, business in mill delivery oils, in edible section remained sluggish due to weak demand from vanaspati and refining mills, consequently, cottonseed, mustard oil expeller and sesame oil, in edible section, plummeted by Rs 10 to Rs 50 a quintal. Rajasthan millers sold February delivery mustard oil at Rs 2650 a quintal.
Coconut oil slipped by Rs 10 a tin due to poor offtake. Sesame expeller cakes fell sharply by Rs 50-75 at Rs 1100-1150 a quintal and mustard, cottonseed and groundnut cakes also revealed an easy tendency.
Mumbai:Groundnut oil recovered from the reduced level on the oil,oilseeds market here today. Castorseed and its oil however jumped up sharply on news of Chinese buying, dealers said. Groundnut oil moved up by Rs 3 at Rs 368 per 10 kg in absence of of frsh offerings at lower level, but demand was dull. In Rajkot prices looked up from Rs 590 to Rs 595 per 15 kg.
Imported palm oil closed Rs 2 up at Rs 208 per 10 kg following rally in dollar value. In the overseas market Palmoil held at $355 per tonne, it was learnt.
Castor oil moved up by Rs 2 at Rs 359/366 per 10 kg on reports that China has bought 2000 tonnes of Indian castor oil at the rate of $805 per tonne. Castorseed ready placed Rs 10 higher at Rs 1614/1620 per quintal in sympathy.
In the futures section castorseed March delivery shot up from Rs 1615 to Rs 1665 before settling at Rs 1654 per quintal on bull buying, floor sources said. In the international castor oil futures market both February and April deliveries looked up by Rs 3 at Rs 372 and Rs 377 per 10 kg respectively. Castorseed spot prices climbed to Rs 315/316 per 20 kg and castor oil moved to Rs 344/345 per 10 kg in Gujarat.
Silver coins static
Both the precious metals, at the Delhi bullion market recorded gains on Monday despite weak overseas advices.
New York silver future slipped from 522 cents to 520 cents an ounce, even then, spot silver .999 fineness edged up by Rs 15 at Rs 7910 a kg on good weddings demand and silver weekly delivery,on bear covering firmed up by Rs 24 at Rs 7950 a kg.
Silver coins held steady at Rs 10,800-11,000 per 100 pieces.
Similarly, gold in London held steady at $290 an ounce, but gold biscuit and standard mint gold here edged up by Rs 5 at Rs 4545 and Rs 4555 per 10 gram, respectively on emergence of good demand from upcountry jewellers.
Mumbai: Gold and silver prices ruled firm on the bullion market here today.
Standard gold lifted by Rs 20 at Rs 4,560 per 10 gm. Gold .22 carat was up by same margin at Rs 4,220 per 10 gm. Prices of gold biscuit (116.50 gm.) placed Rs 100 higher at Rs 53,300 per piece. Steady physical buying in the wake of ongoing wedding season influenced the upsurge in prices. Besides tight supplies and sharp recovery in dollar value against rupee also kept offerings restricted during the day. In the global market gold moved down from $289.50 to $287.75 per ounce following news that Bank of England in Britain would auction 25 tonnes of gold from its bullion reserves onTuesdayMeanwhile silver .999 rose by Rs 10 at Rs 8,135 per kg. Silver .916 was up by same margin at Rs 8,010 per kg. Stray seasonal and industrial demand kept silver firm as fresh inflow remained negligible. In the global market the white metal ruled steady at $5.21 per ounce.
Cardamom small firm
Despite weak auction centres advices, cardamom small, at the local market firmed up by Rs 15-25 a kg due to mutual buying and selling among the stockists and red mace of Cochin moved up by Rs 20 at Rs 710 a kg due to paucity of ready stock.
Betelnut edged up by Rs 2-5 a kg due to depleted stock while cardamom brown, on weak Siliguri advices, fell by Rs 5-8 a kg. Cloves also slipped by Rs 2-5 a kg due to poor offtake.
Among dry fruits, almond California crashed by Rs 200 at Rs 7400 per 40 kg on withdrawal of strike by the dock workers.
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