Jaipur, 13 May (Commoditiescontrol) : Mustard complex continued its bullish trend on Monday tracking strong demand and firm cues from the international market. As per traders, arrivals mustard seed are falling as the farmers have held their stocks in anticipation of the more upsides. Meanwhile, firmness in the prices of edible oils and cake has bolstered buting sentiment mustard seed complex.
Prices of mustard seed with 42% conditioned rose Rs 50 to trade at Rs 5600-5625 per quintal (excluding GST), in the benchmark market of Jaipur.
Mustard oil expeller prices gained Rs 17 to Rs 1057-1058 per 10kg. Kachchi Ghani prices also rose Rs 17 to 1067-1068 per 10kg. Mustard cake prices gained Rs 65 to Rs 2745-2750 per quintal in Jaipur.
Prices of mustard seed were quoted Rs 125 higher at Rs 5550-5600 per quintal. Mustard oil expeller traded Rs20 higher at Rs 1060 per 10 kg in the market of the national capital.
In the market of Charkhi Dadri of Haryana, prices of mustard seed was Rs 125 up at Rs 5500-5550 per quintal and mustard oil expeller traded Rs 20 higher at Rs 1050 per 10kg while cake prices gained Rs 175 to Rs 2800 per quintal.
Total arrivals of mustard seed were around 5.25 lakh bags across the country. Arrivals of mustard seed were around 3 lakh bags in Rajasthan, 50,000 bags in Madhya Pradesh, 50,000 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 20 to Rs 888 per 10kg and RBD palmolein prices gained Rs 20 to Rs 900 per 10 kg. Soyoil refine prices were quoted Rs 35 higher at Rs 920 per 10 kg. Degum prices were quoted Rs 30 higher at Rs 845 per 10 kg. Sunflower refine oil traded Rs 20 higher at Rs 920 per 10 kg.
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