Groundnut oil closed Rs 2 lower at Rs 358 per 10 kg. Demand was sluggish while arrivals were too restricted. In Rajkot groundnut oil quoted steady at Rs 605/610 per 15 kg.

Imported palm oil ruled quiet at Rs 210 per 10 kg. In the global market it was static at $322.50/325 per tonne it was learnt. Castor oil nosedived further by Rs 8 at Rs 380/392 per 10 kg. Castorseed ready were down by Rs 40 at Rs 1,750 per quintal.

In the future section castorseed June delivery closed Rs 3 lower at Rs 1,796 per quintal. September delivery declined sharply by Rs 48 at Rs 1,810. In the international castor oil future market June delivery moved down from Rs 407 to Rs 400 per 10 kg.

In Ahmedabad castorseed June delivery reacted to Rs 1,695 and September delivery closed at Rs 1,761 per quintal. Castorseed spot prices finished lower at Rs 315/320 per 20 kg and castor oil at Rs 360 per 10 kg in Gujarat.

Yarn listless
A listless condition continued on the yarn market as activity remained at a very low ebb.

Polyester texturised yarn grey first quality of medium sized units 80dn roto ruled at Rs 85-86, micro roto at Rs 94-95, weft at Rs 82-83, 80/1,000dn at Rs 115-117 and 80/1,400dn at Rs 120-125 a kg.

150dn weft were on offer at Rs 71-72 and single roto at Rs 72-73.Capacity utilisation in Bhiwandi powerlooms remained at a low level of 50 per cent as cloth offtake had no respite from sluggishness.

Gold eases
Gold prices suffered losses at the improved level on the bullion market here today. Silver on the other hand moved in a narrow range and closed on a mixed note.

Standard gold eased by Rs 10 at Rs 4,360 per 10 gm. Gold .22 carat was down by Rs 5 at Rs 4,035 per 10 gm. Prices of gold biscuit (116.50 gm.) closed Rs 100 lower at Rs 51,000 per piece. Physical demand for gold was at a low ebb while losses in the global market prompted selling by stockists and local bankers, dealers said. Rally in dollar value against rupee had failed to cheer up the market sentiment amidst poor volume of trading. In the international market, gold fell from $276 to $273.75 per ounce.

Silver .999 edged up by Rs 5 at Rs 7,830 per kg. Silver .916 was down by Rs 5 at Rs 7,710 per kg amidst nominal activity. In the global market silver moved down from $5.01/5.02 to $4.99 per ounce.

Grains steady
A quietly steady condition was noticed on the grains market.

Wheat MP 147 ruled at Rs 875-1,000 and sarbati in the range of Rs 1,000-1,500 a quintal. Rice SLO were traded at Rs 1,150-1,250 and Gujarat-17 at Rs 1,400-1,800.

Selling pressure continued in pulses. Green peas USA Rumba/ Heart ruled at Rs 1,225, Canada at Rs 881 as also white peas Canada at Rs 881.

Kabuli gram A-2 Mexico found sellers at Rs 3,800-4,000, USA at Rs 3,550-3,600 and Canada at Rs 3,500. B-2 Australian were quoted at Rs 3,100-3,200 and Turkey/ Iran at Rs 2,800-2,900. C-2 average were on offer at Rs 2,200-2,400 and superior at Rs 2,500-2,600. Natural were placed at Rs 2,800-2,900.

Cotton unchanged
A quietly steady trend continued on the cotton market. Activity remained restricted.

J-34 saw ginned good average ruled at Rs 1,830-1,925, Cart selected at Rs 1,860-1,960 and Bengal deshi roller ginned at Rs 1,160-1,220 a maund spot.V-797 were quoted at Rs 13,400-14,000. Morabi Wagad ruled at Rs 13,200 a candy. Sanker average were quoted at Rs 18,000-19,000 and superior in the range of Rs 19,500-21,000.

Meanwhile, demand for the Maharashtra Federation cotton remained on the lower side since it hiked the prices by Rs 200 last Saturday, stated trade sources.

Sugar gains
Sugar market presented an improved stance following better buying support.Prices gained generally Rs 5 a quintal. M-30 were up at Rs 1,430-1,490 and S-30 at Rs 1,385-1,415 ex-godown. Ex-octroi checkpost, M-30 held steady at Rs 1,405-1,440 but S-30 moved up by Rs 5 at Rs 1,370-1,385.

Meanwhile, the trade has once again started bidding for the mill tenders after refraining for about 2-3 days. M-30 were indicated at Rs 1,350-1,370 and S-30 at Rs 1,315-1,340 in Kolhapur line.

Delhi
Despite firm Malaysia advices, palmolein in Mumbai ruled at Rs 2100 and here tax-paid palmolein was quoted at Rs 2360 a quintal. Output of edible oils, in the domestic mills was reported negligible.

Demand in red sesame in West Bengal from oil millers remained sluggish. Delhi delivery prices of red sesame were quoted at Rs 1050 a quintal. Following fall in output, domestic edible oils prices showed a mild improvement.

Castor oil suffered a sharp fall of Rs 150-175 at Rs 3700-4100 a quintal as its sowing is expected higher in view of monsoon rains in Gujarat.

Turmeric finger improveso
Dry dates, at the Delhi dry fruits market crashed from Rs 2000-5500 to Rs 1800-5000 a quintal as ensuing crop prospects in Pakistan were reported bright. Abjosh Afghani despite inflow of Pak traverller goods, held steady at Rs 7000-9500 per 40 kg.

Among spices, black pepper golden fell from Rs 220-240 to Rs 215-220 a kg as export turned unprofitable. Cardamom brown slipped by Rs 5 a kg on reports of favourable rains in north-east areas while turmeric finger improved by Rs 50 a quintal as daily arrivals in Erode mandi fell from 6000 to 4000 bags.