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Steep Price Rise Continues In Mustard, Oil Price Ups Rs.2/L In One Day

21 Oct 2020 8:52 pm
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NEW DELHI (Commodities control) - Steep price rise continued in mustard seed, oil and oil cake. The oil seed is supported from the price rise in vegetable oil complex. Today, mustard seed gained Rs. 50 to Rs. 5820-25 per quintal in Jaipur mandi. Mustard oil gained around Rs.2/L in a single day. Total arrival was 1.25 lakh quintal in all the major producing areas.

Mustard seed traded at Rs. 5870-5875 per quintal (42 percent condition) in Jaipur market. Earlier the oil seed was priced at Rs. 5820-5825 per quintal. Mustard oil also moved up priced at Rs. 1161-1162 in Jaipur and Rs. 1151-1152 per 10 kg in adjoining areas. Earlier, the oil was sold at Rs. 1143-1144 in Jaipur and Rs. 1133-1134 per 10 kg in adjoining areas. Mustard oil cake rose to Rs. 2450-2455 per quintal. Earlier, It was priced at Rs. 2420-2425 per quintal.

Total arrival was 125,000 quintal in across the country. State wise arrival- Rajasthan 70,000, MP 7,000, UP 15,000, HP 5,000, Gujarat 8000 and other states 20,000 bags.

Rajasthan’s smaller mandis were receiving good quantity of mustard seed. Mustard prices was ruling at quite lower level for unconditioned oilseed. However, these mandis also registered impressive price rise. Mustard seed was traded in Sriganganagar Rs. 4800-5260 and Adampur Rs. 5442 per quintal.

Futures market witnessed a mixed trend today. Mustard November contract lost Rs.9 to Rs. 5700 per quintal, while December contract rose Rs. 5 to Rs. 5712 per quintal. January contract settled up Rs. 39 at Rs. 5715 per quintal.

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

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