Wheat, sugar, jute goods, and oilcakes were commodities prominently fluctuated showing generally higher jumps on the wholesale markets, during the week ended on October 18, 2008. The movement to a great extent appears to be in line with this week's scenario in world markets touching local factors slightly.
However on the opening day on Monday, grain market witnessed some essential commodities looking up. On the cereal side wheat old and new both types conceded Rs 10 to Rs 2870 while the better type was quoted at RS 2885, Guwar Sindh shed Rs 50 to Rs 2650 while better type was marked at Rs 2750. Low type sugar however, rose by Rs 50 to RS 3350 while better type jumped by Rs 100 to Rs 3700 and Gur turned higher by Rs 100 also to Rs 2300 and Rs 3300. On seed side cottonseed oilcake Punjab old low kind rose by Rs 50 to Rs 700, while better type gained Rs 80 to Rs 780, cottonseed cakes from Sindh with bag new rose by Rs 2870 while better type was higher by Rs 60 to Rs 840.
On Jodia Bazaar jute goods too, were reported to rule higher: twine (per Kg) 20x3 brown quoted at Rs 50 while 16x3 CRT/Indus quoted at Rs 51. Hessian cloth (91.44 meter) 45x10 Amin was quoted at Rs 220, 45x11 rose by Rs 150 to Rs 2400, 50x9 Thul rose by Rs 50 to Rs to Rs 2150, 45x9 rose by Rs 50 to Rs 2150, 50x8 Thul rose by Rs 200 to Rs 2000, and 45x8 united ended higher by Rs 50 to Rs 1700.
On Tuesday wheat old with bardana lost Rs 70 to Rs 2800 while better type was seen at Rs 2815, bajra low type gained Rs 50 to Rs 2050 while better type was unchanged and held previous level. Sugar better type was down by Rs 50 to Rs 3650, while inferior quality stayed put at last level Rs 3350 and Gur maintained rising trend with Rs 100 gain to Rs 2400 while better type was quoted higher to Rs 3500. On Wednesday commodities wholesale markets reported dismal fluctuation owing to balanced demand and supply, traders said signalling they were quite relaxed on one count that situation made them sit tight doing practically nothing.
However, on Jodia Bazaar chemicals mostly imported from neighbouring countries showed a number of changes on both sides of the counter such as chemical (per bad) from abroad sodium sulphate down by 50 paisa to Rs 14, NJ Taiwan shed Re 1 to RS 192, formic acid Pak however rose by Rs 2, to Rs 90, formic acid from Germany closed higher by Rs 2 to RS 125, and Oxalic acid China down Re 1 to RS 79. Petroleum jelly Caustic Taiwan closed lower by Re 1 to Rs 45, hydrosulphate China 88 percent down by Rs 2 to Rs 112, from Germany the item closed higher by Rs 12 to Rs 166, India down by Rs 4.40 to RS 110 and Acetic acid from Taiwan higher by Rs 2 to Rs 88, and Korea ended lower by Re 1 to RS 84.
On Thursday a few changes were seen on the grain market as many participants were on the sidelines due to higher rates. On the rice sector, Irri-6 Sindh gained Rs 50 to Rs 2950, other types maintained the overnight levels. Only one fluctuation was witnessed on the seed side as cottonseed oilcake with bag Sindh good type gained Rs 10 to Rs 850 while the low quality retained the overnight levels. On Friday most of the rates were unchanged on the local grain market as participants were busy in Juma prayers.
On Jodia Bazaar trading in Ceylon raw rubber ended down. The variations were: RAW RUBBER CEYLON (per lb): Meeryrub ((Equivalent to RSS3) finished lower by Rs 14 to Rs 97, RSSV went down by Rs 15 to Rs 97, Merryrub (Equivalent to Crape) moved downward by Rs 20 to Rs 100 and Pale Crape TPC3 edged lower by Rs 24 to Rs 100.
LATEX: Merrytax (28 kg) closed down by Rs 50 to Rs 680, Semnan Tex moved lower by Rs 50 to Rs 680 and Thai (G.T) went downward by Rs 50 to Rs 680.