Daily Excelsior...Business

Poppyseed up on fresh demand

NEW DELHI, Feb 16: Poppyseed prices moved up in the wholesale kirana market today on emergence of buying by stockists amid restricted arrival from .....more'

Almond rises on restricted arrival

NEW DELHI, Feb 16: Almond prices shot up by Rs 100 in the wholesale dry fruit market today on restricted arrival from overseas markets.....more

WB govt to conduct survey on status of tea garden leases

KOLKATA, Feb 16: The West Bengal Government would carry out a survey of lease status of the tea gardens for helping ......more

Almond rises on restricted arrival

NEW DELHI, Feb 16: Almond prices shot up by Rs 100 in the wholesale dry fruit market today on restricted arrival from overseas markets. However, prices of other dry fruits remained steady on scattered buying and selling.Almond California traded higher by Rs 100 at Rs ......more

Plastic prices remain steady

NEW DELHI, Feb 16: Both low and high density polymer prices ruled flat in the wholesale plastic market here today due to small buying interest against poor supply.......more

Steel price closes unchanged

NEW DELHI, Feb 16: Steel prices, including saria, garder and angle section remained unchanged in the local iron and steel market here today due to little ......more

Sugar falls on sluggish demand

NEW DELHI, Feb 16: Sugar prices softened by Rs 5-10 a quintal in the wholesale sugar market today due to poor demand from major consuming industries.Sugar ready M-.......more

Gur prices remain flat

NEW DELHI, Feb 16: Gur prices closed steady in the wholesale gur (jaggery) market here today on small bouts of trade.Marketmen said short supply against reduced demand from stockists kept prices steady.Muzaffarnagar and Muradnagar gur market also showed a flat trend.Following are today's quotations:Chakku ....more

Nickel, tin decline on weak global cues..

Select centres freight rates rise

Wheat dara prices improve

Nicholas Piramal signs agreement with US-based firm...

Poppyseed up on fresh demand

NEW DELHI, Feb 16: Poppyseed prices moved up in the wholesale kirana market today on emergence of buying by stockists amid restricted arrival from producing centres.

Poppyseed Turkey, MP-Raj and UP marked higher at Rs 405, Rs 405-435 and Rs 365-375 against the previous close of Rs 375, Rs 375-400 and Rs 335-345 per kg respectively.

Marketman said increased demand from local parties and stockists amid restricted arrivals mainly pushed up poppyseed prices.

However, activity in other commodities remained sluggish and prices moved in a tight range before ending at last levels, they added.

Following are today's quotations (in Rs per quintal):

Ajwain 5,000-7,500 Black pepper common 14,800-14,900 Betelnut (kg) 105-115, cardamom brown Jhundiwali)15,200-15,300 and cardamom brown (Kanchicut) 17,000-20,000.

Cardamom small (kg): Chitridar 475-565, cardamom (colour robin) 615-635, cardamom bold 635-655, cardamom extra (bold) 675-695 and cloves (kg) 275-300.

Chirounji (new) (kg) 200-250

Dry mango 4,500-22,000

Dhania 4,300-6,500

Dry ginger 9,000-12,000

Kalaunji 7,500-8,000

Mace-Red (kg) 470-490

Mace-Yellow (kg) 450-455

Methiseed 3,500-4,000

Makhana (per kg) 175-220

Nutmeg 270-290

Poppyseed (KG Turkey) 405

Poppseed (KG MP-RAJ) 405-435

Poppyseed (KG U.P.) 365-375

Red chillies 3,000-7,000

Soya bari pariwar (20 kg) 350-400

Saffron (kg) Irani 105000-107000

Saffron (kg) Kashmiri 124000-132000

Soanf 3,800-10,500

Turmeric 3,400-4,600

Tamarind 8,00-1,300

Tamarind without seed 1,800-3,200

Tea (kg) 65-120

Watermelon kernel 8,100-8,200

Jeera common 9,400-9,800

Jeera dollar 9,700-9,800. (PTI)

Almond rises on restricted arrival

NEW DELHI, Feb 16: Almond prices shot up by Rs 100 in the wholesale dry fruit market today on restricted arrival from overseas markets.

However, prices of other dry fruits remained steady on scattered buying and selling.

Almond California traded higher by Rs 100 at Rs 8,500 per 40 kg due to restricted arrival from global markets.

Following are today's quotations per 40 kg bag: Almond (California) new 8,500 almond (gurbandi) 5,200 almond (girdhi) 3,300, almond kernel (California) 292-294 almond kernel (gurbandi) (kg) 300-350 and abjosh Afghani 5,500-12,000 chilgoza raw-new (1 kg) 390 chilgoza (roasted) (1 kg) 750 cashew kernel 1 kg (no 180) 425-435 cashew kernel (no 210) 385-395 cashew kernel no.(240) 315-320 cashew kernel (no 320) 270-275 cashew kernel broken 2 pieces 250-255 cashew kernel broken 4 pieces 215-245 cashew kernel broken 8 pieces 180-220 copra (qtl) 4,450-4,550 coconut powder (25 kg) 1,100-2,000 dry dates red (qtl) 2,600-7,500 fig 3,500-12,000 kishmish kandhari local 5,300-5,500 kishmish kandhari special 11,000-14,000 kiahmish indian yellow 2800-3200 kishmish indian green 3,400-4,800 pistachio Irani 450-470 pistachio Hairati 470-510 pistachio Peshawari 525-560 pistachio dodi (roasted) 280-310 walnut new 110-200 walnut kernel new (1kg) 350-500. (PTI)

WB govt to conduct survey on status of tea garden leases

KOLKATA, Feb 16: The West Bengal Government would carry out a survey of lease status of the tea gardens for helping Tea Board in speedy disbursal of loans under Special Purpose Tea Fund (SPTF).

Minister of State for Commerce Jairam Ramesh told reporters here today that it was discovered that tea companies applying for funds under SPTF for re plantation were having defunct leases held by them.

The tea gardens whose leases were not active did not qualify for assistance under SPTF, he said after a meeting with the industry, land and land revenue departments of the State Government.

Out of the odd 280 tea gardens in West Bengal, 100 had applied for assistance under SPTF.

The minister said that Expression of Interest (EoI) would shortly be floated for taking over the tea gardens.

Tea Board would also consider implementation of Section 16 (E) for more gardens, as well as suggest the State Government in termination of leases, he added.

The Tea Board had decided to implement Section 16 (E) of Tea Board Act for taking over ownership of two gardens, Bamandanga and Chinchula.

A total of 13 tea gardens were lying closed in the state.

The land and land revenue department would also carry out survey of small tea growers in the state.

Ramesh urged the state to allow five per cent of land for non-tea activity like horticulture and tourism. (PTI)

Almond rises on restricted arrival

NEW DELHI, Feb 16: Almond prices shot up by Rs 100 in the wholesale dry fruit market today on restricted arrival from overseas markets.

However, prices of other dry fruits remained steady on scattered buying and selling.

Almond California traded higher by Rs 100 at Rs 8,500 per 40 kg due to restricted arrival from global markets.

Plastic prices remain steady

NEW DELHI, Feb 16: Both low and high density polymer prices ruled flat in the wholesale plastic market here today due to small buying interest against poor supply.

Following were today's quotations in Rs per kg:

LD No 40 - 91.00, LD No 400 - 90.00 LLDP blowing 83.00, colour 73.00 HD Blowing 81.00, HD moulding (deshi) 79.00, HD moulding (colour) 82.00, PP No 100 80.00, PP Colour 104, ABS (Indian) 97, acrylic 130-140, colour 139-144, crystal (Indian) 80, colour 90, poly carbonate 180-190, Nylon No-6 160, Nylon No 66 -181-191, PVC resin deshi 56.00, PVC pest grade 85. (PTI)

Steel price closes unchanged

NEW DELHI, Feb 16: Steel prices, including saria, garder and angle section remained unchanged in the local iron and steel market here today due to little alternate bouts of buying and selling against restricted supply.

Marketmen said in the absence of any worthwhile buying activity, prices hovered around last levels and pegged same.

Following were today's quotations in Rs per tonne:

CTD saria (kamdhenu) 8-mm, 40,650, 10-mm, 40,050, 12-mm 39,100, 16-25 mm 39,700.

Rathi tor steel : 8-mm 40,800, 10-mm 40,000, 12-mm 39,000, 16-20 mm 39,100 and 25-32 mm 39,300.

Saria Jai bharat (iso 9002) 8-mm 39,400, 10 mm 38,800 12-mm 38,000, 16-25 mm 38,500.

Amba saria (iso-9002) 8-mm 38,300, 10-mm 37,800, 12-mm 37,000, 16-25-mm 37,500.

Amba shakti: (TMT) 8-mm 38,600, 10 mm 37,800, 12 mm 37,300, 16 to 25 mm 37,500.

M S Angle: (50x5) (50x6) 34,600, (25x3) (32x3) (40x3) 34,800, (40x5) (40x6) 35,000. Angle capital (ISI) (50X5) (50X6) 35,000, (40X5) (40x6) 35,200, (35X5) (65X6) 35,400.

Garder (joist) (150x75) 37,000 (175x85) 37,100 (200x100) 37,600 (125x70) 37,100. T-IRON (40X5) (40X6)(50X6) 36,300.

Ingot and Scrap: Bhivari 32,100, Govindgarh 31,000, Ghaziabad 30,000, Muzaffarnagar 29,500. (PTI)

Sugar falls on sluggish demand

NEW DELHI, Feb 16: Sugar prices softened by Rs 5-10 a quintal in the wholesale sugar market today due to poor demand from major consuming industries.

Sugar ready M-30 and S-30 prices dropped by Rs 10 each at Rs 1,510-1,600 and Rs 1,490-1,580 a quintal respectively on poor offtake.

Mill delivery M-30 and S-30 followed suit and traded lower by Rs 10 each at Rs 1,300-1,470 and Rs 1,290-1,460 per quintal respectively.

In the millgate section, Khatauli and Bijnor attracted brisk selling pressure from mills and lost Rs 5 each at Rs 1,470 and Rs 1,425 per quintal respectively.

Modimagar and Titabi also eased by Rs 5 each at Rs 1,440 and Rs 1,445 per quintal respectively.

Marketmen said poor demand from ice cream manufacturers pulled down sugar prices.

Following are today's quotations per quintal:

Sugar ready M-30 1510-1600 and S-30 1490-1580.

Mill delivery M-30 1300-1470 and S-30 1290-1460.

Sugar mill gate prices (excluding duty): Modi Nagar 1440, Bagpat 1415, Daurala 1470, Chandpur 1370, Titabi 1445, Mawana 1450, Simbhawali 1485, Khatauli 1475, Badaiun 1365, Sattha 1360, Ruderavilash 1370, Bijnor 1425 and Amroha 1435 and Samali Rs 1420. (PTI)

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Gur prices remain flat

NEW DELHI, Feb 16: Gur prices closed steady in the wholesale gur (jaggery) market here today on small bouts of trade.

Marketmen said short supply against reduced demand from stockists kept prices steady.

Muzaffarnagar and Muradnagar gur market also showed a flat trend.

Following are today's quotations:

Chakku 1200-1250, Pedi 1200-1300 and Dhayya 1200-1250. Shakkar 1350-1400 and Khandsari 1500-1550.

In Muzaffarnagar: Raskat 925-975, chakku 1050-1125 and Khurpa 1025-1050.

In Muradnagar: Pedi 1050-1100, Dhayya 1025-1050. (PTI)

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Nickel, tin decline on weak global cues..

NEW DELHI, Feb 16: Nickel and tin closed lower by Rs 5 a kg in the non-ferrous metal market here today due to weak global advices.

Marketmen said reduced industrial offake as well as selling pressure from stockists due to lower London Metal Exchange advices caused the fall in prices.

At London Metal Exchange, nickel moved down by 225 dollars at 27,625 dollars and tin lost by 245 dollars at 16,800 dollars a metric tonne.

In local market, nickel plate (4x4) (9x9) and (4x24) dropped by Rs 5 each to finish at Rs 1,310-1,415, Rs 1,315 -1,425 and Rs 1,315-1,445 a kg respectively.

Tin also met with resistance and slipped by Rs 5 at Rs 800 a kg on poor offtake.

However, prices of other base metals moved in a tight range and finished unchanged.

Following are today's quotations per kg (in Rs):

Tin ingot 800, zinc slab 135.00 zinc dross 115.00, nickel plate (4x4) 1310-1415, (9x9) 1315-1425, (4x24) 1315-1445, cadmium plate 440, Rod 425, antimony (china) 285, gun metal scrap 252, bell metal scrap 250, copper wire scrap 334, copper super d rod 357, copper wire bar 355, copper mixed scrap 314, C C rod 348, Utensil scrap 305, Mixed scrap 302, Chadripital 242, brass sheet cutting 238, bullet scrap 255, bharat scrap 248, accessories scrap 253, brass boring 235-245, brass radiator scrap 220 and huny scrap 245.

Lead ingot 112, Lead imported 145-150, Aluminium ingots 127, sheet cutting 122, aluminium wire scrap 117 and Aluminium utensils scrap 112. (PTI)

Select centres freight rates rise

NEW DELHI, Feb 16: Freight rates for the nine metric tonne payload section for select centres hardened in local truck transport market here today on busy cargo movements against less availability of lorries.

Transporters said increased cargo movements against less availability of trucks helped select centres freight rates to improve.

Freight rates to Coimbatore and Thiruvananthapuram went up by Rs 1,000 each at Rs 40,000 and Rs 47,000 respectively.

Rates to Kolkatta edged up by Rs 500 at Rs 25,500.

Following are today’s freight rates for the nine metric ton load:

Ahmedabad 12,000 Hyderabad 23,000 Mumbai 17,000 Vijayawada 25,000 Baroda 13,000 Bangalore 30,000 Pune 18,000 Mysore 34,000 Surat 14,000 Pondicherry 34,000 Kanpur 9,500 Coimbatore 40,000 Kolkata 25,500 Chennai 31,000 Ludhiana 9,000 Kochi 43,000 Chandigarh 7,000 Thiruvananthapuram 47,000 Jaipur 5,200 Goa 24,000 Indore 12,500 Gwalior 6,500

Patna 21,000 Guwahati 38,000

(PTI)

Wheat dara prices improve

NEW DELHI, Feb 16: Wheat dara prices hardened by Rs 10 per quintal in the wholesale grain market here today following fresh buying by rolling flour mills amid low arrivals.

However, prices of other commodities moved in a limited range on small bouts of trade and closed at previous levels.

Marketmen said poor arrivals against frantic buying by rolling flour mills and atta chakkies increased the prices.

Wheat dara price rose to Rs 1,125-1,130 a quintal from previous close of Rs 1,120-1,125.

Atta chakki mill delivery and rolling flour mills prices also remained firm at Rs 1,120-1,125 and Rs 1,120-1,122 a 90 kg bag respectively.

Following are today's quotations per quintal (in Rs): wheat MP (deshi) 1300-1575, wheat dara (for mills) 1125-1130, chakki atta (delivery) 1120-1125, Chakki atta Rajdhani (10 kgs) 145, shakti bhog (10 kgs) 155, roller flour mill 1120-1122, maida 1180-1200 (90 kilos) and sooji 1200-1210 (90 kgs).

Rice basmati (lal quila) 6800, Shri Lal Mahal 7000, Basmati common 5700-5850, Permal raw 1250-1350, permal wand 1425-1475, sela 1725-1775 and rice IR-8 1125-1175, Bajra 610-620, Jowar yellow 615-660, white 1110-1200, Maize 800-825 Barley (UP) 1170-1185 and Rajasthan 1180-1185. (PTI)

Nicholas Piramal signs agreement with US-based firm...

MUMBAI, Feb 16: Pharmaceutical company Nicholas Piramal India Ltd today said it has entered into an agreement with US-based Eli Lilly to develop and commercialise latter's certain pre-clinical drug products.

NPIL Research and Development (NRDL) and Eli Lilly have signed a new drug development agreement, Nicholas Piramal India Ltd (NPIL) said in a communique to the Bombay Stock Exchange.

As per the agreement, both NRDL and Lilly will independently carry out early clinical development of two different drug compounds.

NRDL would receive a payment of 110 million dollars from the US firm, plus royalties on sales upon successful launch of the compounds.

Last year, both the company had entered into an agreement to design and increase productivity in drug development by synergising their strengths.

"We are strengthening our R&D collaboration with Eli Lilly as our first agreement is on track and has seen benefits accruing to both partners in terms of cost, quality and time," NPIL Director (Strategic Alliances and Communications) Swati Piramal said.

(PTI)