Commodities undergo minor fluctuations

Nothing spectacular was seen on the commodities wholesale markets regarding supplies or prices where fluctuations were also very limited during the week ended on August 20, 2005. However, modest rise was seen where changes took place such as wheat and guwar, the former was later sharply down, chemicals and milk powder were mixed.
The week opening day was practically insipid following Independence Day celebrations. However, on Tuesday wheat old type did not show any change and was quoted at Rs 1100, but new kind was firmer but rate was not specified by the dealers, Urad from Burma picked up Rs 50 to Rs 1150 and Rs 1125, chemicals were mixed as seen in the following variations. Caustic soda flakes Saudi up Re 1 to Rs 34, Sodium Sulphate down 20 paisa to Rs 8.80, N.J. Taiwan down Rs 3 to Rs 99, formic acid Pakistan up Re 1 ot Rs 42, Oxalic acid China down Rs 4 to Rs 44, petroleum jelly white Irani down Re 1 to Rs 51, petroleum jelly China down Re 1 ot Rs 73, Sulphonic acid soft down Rs 1.60 to Rs 71, hydrosulphite China 88 pc down Re 1 to Rs 44, same item from India down Re 1 to Rs 47, acetic acid Taiwan down Re 1 to Rs 72 and Korea down Rs 2 to Rs 74.
On Wednesday milk powder showed some changes such as in Haleeb SMP down Rs 200 to Rs 3900, Poland down Rs 300 to Rs 2000, Dairy Crest down Rs 400 to Rs 5100, Halla SMP down Rs 100 to Rs 3900, Coleh Holland up Rs 100 to Rs 4900, Seven Star down Rs 150 to Rs 4100, Metro Veg down Rs 350 to Rs 4450, and Euro Gold down Rs 200 to Rs 4600, and Corolac was quoted at Rs 4650. Wheat Mexipal lost Rs 90 to Rs 1110.
On Thursday markets came under the impact of all important institutions particularly bank which were closed on local bodies polls day. This means second time in a week, commodity wholesale markets kept their shutters down.
The Friday session was lack lustre on the wholesale commodity market, where commodities stayed put, a condition this week had seen on previous two days also. The second phase of LG is expected on 25th August and trading will hardly depict much changes.
On Saturday, on the gram side, Punjab rose by Rs 25 to Rs 1900-1950 and beetle chana 50x50 picked up Rs 50 to Rs 1950-2000 on rising demand, dealers said.