Login ID:
Partner Login
Contact Us : 7066511911

Mustard Seed Retreats in Jaipur after Steep Hike; Buyers Unwilling at High Price

25 Sep 2020 7:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) - Mustard seed and oil prices retreated, today, after a steep rise in Rajasthan and other mandis of producing states.

Buyers backed out from new purchases due to high prices. Lower buying forced stockists, farmers and other sellers to reduce rates. Mustard oil and oil cake also lowered in the mandis. Near month contracts of Mustard futures increased, while that of later months softened. Mustard complex witnessed steep price rise as government banned blending of other edible oils in mustard oil.

Mustard seed traded at Rs. 5570-5575 per quintal (GST Extra) in Jaipur market. Earlier mustard seed was priced at Rs. 5595-5600 per quintal. Mustard oil also traded at higher price. Today, Mustard oil priced at Rs. 1107-1108 in Jaipur and Rs. 1097-1098 per 10 kg in adjoining areas. Earlier, the oil was priced at Rs. 1112-1113 in Jaipur and Rs. 1102-1103 per 10 kg in adjoining areas.

Mustard oil cake declined Rs. 5 to Rs. 2260-2265 per quintal. Total arrival was estimated at 135,000 quintal across the country. State wise arrivals- Rajasthan 70,000, UP 25000, HP 7,000, Gujarat 8000,and other states 25,000 bags. There was negligible arrival in Madhya Pradesh.

Futures market witnessed mixed trend today. Mustard October contract rose Rs. 8 to Rs. 5425 per quintal. November and December contracts rose up Rs. 15 and 31 per quintal respectively. But January Contract slipped Rs. 40 at Rs. 5389 per quintal.

(By Commoditiescontrol Bureau: +91-22-40015505)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Teja-4884 Red Chillies Soar Higher Along with Others am...
India Spices Export Offer Price - 21 OCTOBER 2020
Spot Turmeric Ends Flat amid Firm Arrivals, Improved De...
Jeera: Spot Prices Fall in Unjha, Rise in Rajkot; Futur...
Spot Turmeric Ends Firm-to-Flat amid Reduced Arrivals, ...
Top 5 News
Steep Price Rise Continues In Mustard, Oil Price Ups Rs...
Increase Import Duration of Tur Till Jan 31 Next Year: ...
NCDEX Refined Soy oil Prices Make historical high, trad...
Lower Circuit Pounds Chana in Indore
Soybean futures stayed firm, closed above 4300
Top 5 Special Reports
USD/INR (Oct 20) Consolidating Near Short-term Suppo...
USD/INR (Oct 20) Consolidating Near Short-term Suppo...
Weekly: Major Pulses Plunge This Week On Govt Intervent...
Veg Oil
Copyright © CC Commodity Info Services LLP. All rights reserved.