Oils and Oilseeds: Cottonseed oil washed firmed up by Re 1 at Rs 283 per 10 kg on moderate industrial demand against easy availability of ready stock. Castor oil commercial and FSG qualities eased further by Re 1 each to Rs 236 and 248 per 10 kg respectively on dull industrial demand against normal inflows.
Imported RBD palmolein held overall steady at Rs 230 per 10 kg on subdued industrial demand against normal inflows, while imported soya oil refined eased further by Re 1 at Rs 250 per 10 kg on dull movements.
Castorseeds June-2001 contract opened Rs 12 up at Rs 1072 a quintal and held overall steady at the same level throughout the trading session. September contract opened Rs 9 up at Rs 1134 a quintal held steady at the same level through out the trading session on narrow speculative movements.
Groundnut oil held overall steady at Rs 345 per 10 kg on modest availability of ready stock against subdued demand from consumers, while all the other oils ruled steady to easy in the local oils and oilseeds market yesterday.The arrivals of imported goods remained scarce and the trading volume was modest. Out-of-state orders indicated a modest trend.
Castorseeds September contract commenced today. All the RBD palmolein contracts i.e. - January, February and March-2001remained untraded yesterday.
Castor oil international June-2001 contract opened steady at Rs 261 per 10 kg and held overall steady at the same level throughout the trading session.
In oilseeds, castorseeds eased further by Rs 5 at Rs 1030 a quintal on subdued industrial demand against modest availability of ready stock. Meanwhile, kardiseeds and nigerseeds ruled overall steady at Rs 1120 and Rs 1650 a quintal respectively on narrow movements.
Sugar: A weak trend witnessed in sugar prices on sluggish consumer offtake against easy inflows at the local Turbhe wholesale sugar market yesterday. Both the grades ruled dull.
Small-grade sugar (S-30) eased further to Rs 1445/1480 a quintal against its previous level of Rs 1450/1480 on easy availability of ready stock against dull consumer demand.
Medium-grade (M-30) declined further to 1485/1535 a quintal against its previous level of Rs 1490/1540 on weak demand against modest availability. Consumer demand was weak against normal supplies of ready stock. Sugar prices for check-post were quoted low at Rs 1425/1460 for S-30 grade and Rs 1460/1510 a quintal for M-30 grade yesterday.
<>b>Bullion: A mixed trend continued in precious metals prices at the local bullion market yesterday. Silver ruled firm while gold ruled steady.
Silver .999 and .916 firmed up further by Rs 10 each to Rs 7360 and Rs 7245 a kg respectively on firm overseas advises and modest offtake locally. Delhi advises indicated a modest trend. Standard gold and 22 carat gold held overall steady to Rs 4370 and Rs 4040 per 10 gramms respectively on subdued demand coupled with steady upcountry advises.
Gold biscuits prices ruled firm and gained further Rs 100 at Rs 51,300 per piece on firm industrial movements.
