A firm trend was witnessed in groundnut oil yesterday on better demand against limited inflows. The market is facing a short supply of edible oils in the wake of the recent cyclone that hit Gujarat.
Groundnut oil improved by Rs 4 at Rs 466 per 10 kg. There is not much improvement in short-supply position and arrivals were put at around 80/85 tonnes a day.
Linseed oil and kardi oil improved by Rs 5 each to Rs 440 and Rs 580 per 10 kg respectively on improved industrial demand and restricted availability of ready stock. Sesame oil and soya oil refined looked up by Rs 5 each to Rs 420 and Rs 405 per 10 kg respectively on improved industrial demand. Copra oil white declined by Rs 25 at Rs 455 per 10 kg. Castor oil commercial and BSS qualities looked up by Rs 2 each to Rs 308 and Rs 320 per 10 kg respectively on better industrial demand. Imported palmolein firmed up by Rs 7 at Rs 390 per 10 kg.
In futures market, castorseeds September contract opened Rs 5.50 higher at Rs 1410 a quintal and firmed up to Rs 1413. It declined to Rs 1410 before closing at Rs 1410.50 a quintal. In oilseeds, castorseeds Mahar-ashtra and Madras advanced by Rs 9 each to Rs 1382 and Rs 1376 a quintal respectively.
Sugar: A steady-to-subdued trend was witnessed in sugar prices yesterday. Both grades of sugar ruled subdued. The undertone of the market was weak.
Sugar S-30 ruled was nominally quoted at Rs 1455/1475 a quintal on subdued demand coupled with easy arrivals. Sugar M-30 ruled quiet at Rs 1470/1520 a quintal. Sugar for the check-post deliveries were quoted lower at Rs 1435/1445 a quintal for S-30 and Rs 1455/1485 a quintal for M-30.
Non-ferrous metals: A firm-to-steady trend was seen in non-ferrous metals yesterday. The demand was better-to-steady. The undertone remained weak.
In scraps, copper heavy scraps and copper utensils firmed up by 50 paise each to Rs 117.50 and Rs 104.50 a kg respectively; while bras utensils and brass sheetcuttings was up by 25 paise each to Rs 90.25 and Rs 93.75 a kg respectively. Alumi-nium utensils was quoted at Rs 64 a kg.
In virgin section, tin slabs improved by Rs 4 at Rs 378 a kg on improved industrial demand coupled with firm overseas advices. Copper wirebar firmed up by 50 paise at Rs 132.50 a kg on better industrial interest. The other metals were nominally quoted as under : aluminium Rs 82.50, zinc slabs Rs 80.50, lead ingots Rs 43.50 and nickel cathodes Rs 296 a kg respectively.
Bullion: Silver ruled divergent while gold was marginally firm in the bullion market yesterday.
In white metals, silver .999 looked up by Rs 15 at Rs 7,685 a kg on improved industrial demand and limited arrivals, while .916 eased by Rs 10 at Rs 7,535 a kg.
In yellow metals, both standard gold and 22 carat gold firmed up by Rs 5 each to Rs 4,155 and Rs 3,845 per 10 grammes respectively. Gold biscuit prices improved by Rs 100 at Rs 48,800 per piece of gold bar on modest movements.
