Groundnut oil declined further on sluggish consumer demand coupled with brisk arrivals from the producing centres, whereas other industrial oils ruled better-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein also ruled easy on restricted demand.
Groundnut oil declined by Rs 3 at Rs 377 per 10 kg. Arrivals remained brisk.
Sesame oil and ricebran oil improved by Rs 5 each to Rs 355 and Rs 180 per 10 kg, respectively, on better industrial offtake. Karanji oil and sunflower oil expeller firmed up by Rs 3 each to Rs 180 and Rs 348 per 10 kg, respectively, on improved offtake. Soya oil refined and cottonseed oil refined declined by Rs 4 each to Rs 316 and Rs 318 per 10 kg, respectively, on dull industrial demand. Imported palmolein eased by Rs 3 at Rs 301 per 10 kg on reduced demand of imported oil. Majority of other oils ruled overall steady.
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In futures section, castorseed March98 contract opened steady at the previous level of Rs 1,164 a quintal and ruled steady at the same level. It declined to Rs 1,161 before closing at Rs 1,161.50 a quintal on speculative dealings.
In oilseeds, castorseeds Madras and Maharashtra dipped further by Rs 9 each to Rs 1,210 and Rs 1,204 a quintal, respectively. Meanwhile, all the other oilseeds ruled overall steady.
Sugar: A firm trend witnessed in sugar prices on better consumer offtake and limited arrivals at Turbhe, Navi Mumbai yesterday. Both the grades of sugar ruled upward.
Sugar S-30 grade firmed up to Rs 1,460/1,490 from the previous level of Rs 1,445/1,486 a quintal on improved consumer demand coupled with moderate arrivals. Sugar M-30 grade improved to Rs 1,482/1,522 as against the previous level of Rs 1,475/1,521 a quintal. Meanwhile, sugar for the check-post deliveries was quoted low at Rs 1,450/1,470 a quintal for S-30 grade and Rs 1,475/1,500 for the M-30 grade.
Non-ferrous metals: A quiet trend was witnessed in the local non-ferrous metals market yesterday. Both the types of metals ruled overall steady.
In scraps section, all the metals ruled overall steady and were nominally quoted as under: copper heavy scraps Rs 106.50, copper utensils Rs 95, brass utensils Rs 83, brass sheet-cuttings Rs 88.75 and aluminium utensils Rs 62.50 a kg, respectively.
In virgin metals, all the metals ruled totally quiet and were nominally quoted as under: copper wirebar Rs 117, aluminium ingots Rs 82, zinc slabs Rs 73, lead ingots Rs 39.50, tin slabs Rs 327 and nickel cathodes Rs 325 a kg.
Bullion: A mixed trend was noticed in the local bullion market yesterday. Gold eased, while silver ruled overall steady.
In yellow metals, both standard gold and 22 carat gold eased by Rs 10 each to Rs 4,030 and Rs 3,730 per 10 grammes on subdued local demand. Gold biscuit prices also weakened by Rs 100 at Rs 47,200 per piece of gold bar.
In white metals, silver .999 and .916 held overall steady and were nominally quoted at Rs 8,390 and Rs 8,290 a kg. Delhi advices also indicated a subdued trend.