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Bull Run Continues In Mustard Complex, Oil Seed Breaches Rs. 5900/Q In Jaipur

22 Oct 2020 8:20 pm
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NEW DELHI (Commodities control) Mustard seed, oil and oil cake prices continued the northward rally on Thursday. Mustard seed prices reached Rs. 5900 per quintal in Jaipur. According to the traders, strong buying from millers and support from vegetable oil complex pushed up mustard seed rates. Total arrival was 1.25 lakh quintal in all the major producing areas.

Mustard seed traded at Rs. 5900-5905 per quintal (42 percent condition) in Jaipur market. Earlier the oil seed was priced at Rs. 5870-5875 per quintal. Mustard oil moved up to be priced at Rs. 1163-1164 in Jaipur and Rs. 1153-1154 per 10 kg in adjoining areas. Earlier, the oil was sold at Rs. 1161-1162 in Jaipur and Rs. 1151-1152 per 10 kg in adjoining areas. Mustard oil cake rose to Rs. 2475-2480 per quintal. Earlier, It was priced at Rs. 2450-2455 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 registered impressive price rise., as well Mustard seed traded in Sriganganagar at Rs. 5000-5189 and Adampur Rs. 5381 per quintal.

Futures market witnessed mixed trend today. Mustard November contract rose Rs.77 to Rs. 5773 per quintal. December contracts rose Rs. 61 to Rs. 5769 per quintal. But January contract declined Rs. 8 at Rs. 5711 per quintal.

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

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