Jaipur, 15 May (Commoditiescontrol) Mustard seed complex turned bearish on Wednesday due to slow demand for mustard oil after reports of higher imports of palm oil last month. However, prices of imported edible oils were mixed at Indian ports. Meanwhile, arrivals of mustard seed increased today after two consecutive days bullish trend. As per the traders, demand for mustard oil was down at higher level, therefore, prices declined sharply. Prices of mustard seed with 42% conditioned declined Rs 25 to trade at Rs 5675-5700 per quintal (excluding GST), in the benchmark market of Jaipur.
Mustard oil expeller prices dropped Rs 17 to Rs 1050-1051 per 10kg. Kachchi Ghani prices also fell Rs 17 to 1060-1061 per 10kg. Mustard cake prices were flat Rs 2745-2750 per quintal in Jaipur.
Total arrivals of mustard seed were around 6 lakh bags across the country, up 25000 bags from last session. Arrivals of mustard seed were around 3.40 lakh bags in Rajasthan, 65,000 bags in Madhya Pradesh, 70,000 bags in Uttar Pradesh, 25,000 bags in Punjab and Haryana and 20,000 bags in Gujarat. The major markets of states received around 80,000 bags of mustard seed.
At Kandla port, CPO prices rose Rs 5 to Rs 883 per 10kg and RBD palmolein prices steady at Rs 900 per 10 kg. Soyoil refine prices were quoted Rs 10 higher at Rs 915 per 10 kg. Degum prices gained Rs 5 higher at Rs 835 per 10 kg. Sunflower refine oil traded unchanged at Rs 920 per 10 kg.
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