Groundnut oil advanced further yesterday on paucity of ready stock. The market is facing short supply of edible oils because of non-release of imported edible oil on account of the strike by staffers of clearing and forwarding agents at the dock.
Groundnut oil firmed up further by Rs 6 at Rs 482 per 10 kg. Arrivals were put at around 80/85 tonnes a day. Demand was subdued at improved level.
Linseed oil and sunflower oil expeller improved by Rs 10 and Rs 5 to Rs 450 and Rs 425 per 10 kg respectively. Cottonseed oil washed and refined qualities eased by Rs 2 and Rs 3 to Rs 413 and Rs 415 per 10 kg respectively. Neem oil softened by Rs 5 at Rs 230 per 10 kg. Castor oil commercial and BSS qualities firmed up by Re 1 each to Rs 310 and Rs 322 per 10 kg respectively. Imported palmolein advanced further by Rs 5 at Rs 405 per 10 kg on reduced arrivals against better industrial demand.
In the futures market, castorseeds September contract opened Re 1 up at Rs 1412 a quintal and firmed up to Rs 1417. It declined to Rs 1412 before closing at Rs 1414 a quintal.
Castorseeds Maharashtra and Madras improved by Rs 5 each to Rs 1392 and Rs 1386 a quintal respectively on reduced industrial demand. Sesame seeds improved by Rs 50 to Rs 2,200 a quintal.
Sugar: An easy-to-subdued trend was witnessed in sugar prices yesterday. Both the grades of sugar ruled subdued. The undertone of the market was weak. Sugar S-30 grade eased to Rs 1455/1466 a quintal as against of the previous level of Rs 1461/1475. Sugar M-30 ruled subdued at Rs 1472/1500 a quintal against previous level of Rs 1472/1510. Sugar for the check-post deliveries were quoted lower at Rs 1435/1445 a quintal for S-30 grade and Rs 1455/1475 a quintal for the M-30 grade.
Non-ferrous metals: An easy-to-subdued trend was seen in non-ferrous metals yesterday.
In scraps section, copper heavy scraps declined by 50 paise, while copper utensils, brass utensils and brass sheetcuttings eased by 25 paise each to Rs 116.50, Rs 103.75, Rs 89.50 and Rs 93.25 a kg. Aluminium utensils ruled steady and were nominally quoted at Rs 64 a kg.
In virgin section, zinc slabs declined by Re 1 at Rs 79 a kg. Copper wirebar and lead ingots eased by 50 paise each to Rs 131.50 and Rs 43 a kg respectively. The other metals were nominally quoted as under : aluminium Rs 82.50, tin slabs Rs 380 and nickel cathodes Rs 294 a kg.
Bullion: A divergent trend was noticed in the bullion market yesterday. Silver prices ruled marginally firm while gold prices eased.
In white metals, silver .999 and .916 improved by Rs 40 and Rs 45 to Rs 7,715 and Rs 7,590 a kg respectively. In yellow metals standard gold eased by Rs 5 at Rs 4,160 per 10 grammes, while 22 carat gold ruled steady and was nominally quoted at Rs 3,850 per 10 grammes.
