Groundnut Oil Up By Rs 10, Sugar And Bullion Firm

Oils and Oilseeds: Groundnut oil advanced by Rs 10 at Rs 395 per 10 kg on reduced availability of ready stock against better 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. Cottonseed oil washed and refined qualities improved by Rs 4 each to Rs 297 and Rs 302 per 10 kg respectively on improved industrial demand against modest availability of ready stock.

Castor oil commercial and FSG qualities ruled steady too at Rs 235 and Rs 247 per 10 kg respectively on modest industrial demand against normal inflows.

Imported RBD palmolein and imported soya oil refined held overall steady to Rs 232 and Rs 249 per 10 kg respectively on steady industrial demand against normal inflows. Castorseeds June-2001 contract remained untraded yesterday.

All the RBD palmolein contracts i.e. - January, February and March-2001remained untraded yesterday. Castor oil international June-2001 contract opened steady at Rs 259 per 10 kg and held overall steady at the same level throughout the trading season.

In oilseeds, all the oilseeds viz nigerseeds, kardiseeds and castorseeds ruled overall steady and were nominally quoted at Rs 1,695, Rs 1,150 and Rs 1,025 a quintal respectively on narrow movements.

Sugar: A firm trend continued in sugar prices on improved consumer offtake against normal inflows at the local Turbhe wholesale sugar market yesterday. Both the grades ruled firm.

Small-grade sugar (S-30) improved further to Rs 1,440/1,480 a quintal against its previous level of Rs 1,435/1,470 on limited availability of ready stock against better consumer demand.

Medium-grade (M-30) firmed up further to 1490/1540 a quintal against its previous level of Rs 1,480/1,540 on better demand against modest availability.

Non-ferrous metals: A steady to easy trend witnessed in the non-ferrous metals at the local market yesterday. All the metals ruled mostly steady.

In virgins, tin slabs firmed up by Re 1 at Rs 366 a kg on restricted availability of ready stock against better industrial demand while copper wirebar eased by 50 paise at Rs 134.50 a kg on dull industrial demand.

Bullion: A firm trend witnessed in precious metals prices at the local bullion market yesterday.

Both the precious metals ruled firm. Silver .999 and .916 improved further by Rs 55 and Rs 50 to Rs 7620 and Rs 7500 a kg respectively on firm overseas advices and modest offtake locally. Delhi advices indicated a modest trend.

Standard gold and 22 carat gold recovered and firmed up by Rs 5 each to Rs 4,600 and Rs 4,255 per 10 grams respectively on modest upcountry advices and fair offtake.

Gold biscuits prices ruled weak and lost further Rs 150 at Rs 53,800 per piece on weak industrial movements.