Groundnut Oil Up By Rs 3, Mixed Trend In Sugar And Bullion

Oils and Oilseeds: Groundnut oil continue to improve and firmed up by Rs 3 at Rs 418 per 10 kg in absence 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.

Out-of-state orders indicated a modest trend. Cottonseed oil washed and refined qualities held overall steady at Rs 305 and Rs 310 per 10 kg respectively on fair industrial demand against modest availability of ready stock.

Castor oil commercial and FSG qualities ruled steady too at Rs 236 and 248 per 10 kg respectively on modest industrial demand against normal inflows.

Castorseeds June-2001 contract remained untraded yesterday. September contract opened Rs 10 up at Rs 1,146 a quintal and held steady at the same level throughout the trading hours.

All the RBD palmolein contracts i.e. - January, February and March-2001 remained untraded yesterday. Castor oil international June-2001 contract opened Re 1 up at Rs 259 per 10 kg and held overall steady at the same level throughout the trading sesson.

In oilseeds, kardiseeds eased by Rs 5 at Rs 1,150 a quintal on dull industrial demand.

Sugar: A mixed trend witnessed in sugar prices on subdued consumer offtake against normal inflows at the local Turbhe wholesale sugar market yesterday. Small grade ruled steady while medium grade ruled dull.

Small-grade sugar (S-30) ruled overall steady at Rs 1,440/1,478 a quintal on subdued availability of ready stock against normal consumer demand. Medium-grade (M-30) eased to Rs 1,485/1,530 a quintal against its previous level of Rs 1,490/1,550 on weak demand against modest availability.

Non-ferrous metals: Tin prices eased while all the other metals witnessed a steady trend in the non-ferrous metals at the local market yesterday. All the metals ruled mostly steady.

In virgins, tin slabs eased by Rs 2 at Rs 365 a kg on easy availability of ready stock against subdued industrial demand.

Meanwhile, all the other metals ruled overall steady and were nominally quoted as under: aluminium ingots Rs 96.00, zinc slabs Rs 80.00, lead ingots Rs 39.50 and nickel cathodes Rs 460 a kg resectively on narrow movements.

Bullion: A divergent trend witnessed in precious metals prices at the local bullion market yesterday. Both the precious metals ruled in opposite direction.

Silver .999 eased by Rs 10 at Rs 7625 a kg on dull overseas advices coupled with moderate offtake while silver .916 held overall steady at Rs 7510 a kg on modest upcountry advices and subdued offtake locally.

Delhi advices indicated a modest trend. Standard gold and 22 carat gold firmed up by Rs 10 each to Rs 4520 and Rs 4180 per 10 grams respectively on firm upcountry advices and fair offtake.