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Mustard Seed Eases in Jaipur As Mills Unwilling To Buy at Higher Price

30 Sep 2020 7:18 pm
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NEW DELHI (Commodities control) Mustard seed prices lowered today after consecutive price rise in last couple of days. The oil seed declined to Rs. 5615-5620 per quintal. Buyers were not purchasing aggressively at higher price. Lower demand led to price fall of Rs. 10 per quintal.

Earlier, Mustard prices gained amid higher demand up and above the supplies and production. Recent government’s order banning blending cheaper edible oil into mustard oils also fuelled price rise. Mustard oil and oil cake prices gained in spot market.

Mustard seed was traded at Rs. 5615-5620 per quintal (42 percent condition) in Jaipur market. Earlier mustard seed was priced at Rs. 5625-5630 per quintal. Mustard oil was also traded at lower price. Today, Mustard oil priced at Rs. 1114-1115 in Jaipur and Rs. 1104-1105 per 10 kg in adjoining areas. Earlier, the oil was traded at Rs. 1117-1118 in Jaipur and Rs. 1107-1108 in adjoining areas. Mustard oil cake declined to 2260-2265 per quintal from previous price of Rs. 2270-2275 per quintal.

Total arrival was estimated at 130,000 quintal in across the country. State wise arrival- Rajasthan 80,000, UP 20,000, HP 5,000, Gujarat 5000,and other states 20,000 bags. There was negligible arrival in Madhya Pradesh.

Unconditioned Mustard was sold at lower price in many smaller mandis of Rajasthan. For example, musard was sold at Rs. 4600-4980 in Shriganganagar, Adampur Rs. 5057, Anoopgarh Rs. 4870, Hanumangarh mandi Rs. 4870 and Raisinghnagar Rs. 4700-4925 per quintal.

Futures market witnessed mixed trend today. Mustard October contract down Rs.8 to Rs. 5469 per quintal. November contracts up Rs. 7 to Rs. 5482 per quintal. December contracts rose Rs. 10 to Rs. 5485 per quintal.

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

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