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Mustard seed Zooms Higher to Rs. 6100/Q in Jaipur, Oil Rises over Rs. 120/Kg

26 Oct 2020 7:23 pm
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NEW DELHI (Commodities control) Price rise continued in mustard seed and oil in spot markets of Rajasthan, Uttar Pradesh, Madhya Pradesh and other markets. Lower availability, ban on blending of other oils and support from other edible oil prices are main factors for consecutive price rise.

Today the oil seed rose Rs. 75 to Rs. 6095-6100 per quintal. Similarly, mustard oil and oil cake also shot up. According to the traders, millers, stockists are actively buying, while farmers were trying to hold their crop. Total arrival
was 130,000 quintal in all the major producing areas due to festival mood.

Mustard seed traded at Rs. 6095-6100 per quintal (42 percent condition) in Jaipur market. Earlier the oil seed was priced at Rs. 6020-6025 per quintal. Mustard oil was also moved up to be priced at Rs. 1204-1205 in Jaipur and Rs. 1194-1195 per 10 kg in adjoining areas. Earlier, the oil was sold at Rs. 1184-1185 in Jaipur and Rs. 1174-1175 per 10 kg in adjoining areas. Mustard oil cake rose to Rs. 2595-2600 per quintal. Earlier, It was priced at Rs. 2550-255 per quintal. Total arrival was 50,000 quintal in across the country.

Total arrival was 130,000 quintal in across the country. State wise arrival- Rajasthan 75,000, 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 traded in Sriganganagar at Rs. 5390-5560, Raisinghnagar Rs. 4900-5473 and Adampur Rs. 5645 per quintal.

Futures market also witnessed uptrend today. Mustard November contract gained Rs.150 to Rs. 6008 per quintal. December contracts rose Rs. 162 to Rs. 6010 per quintal. January contract was up Rs. 217 to settle at Rs. 5950 and February contract upped Rs. 27 at Rs. 5760 per quintal.

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

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