Login ID:
Password:
Partner Login
Contact Us : 7066511911

Mustard seed, Oil Prices Steady on Speculation of Govt Intervention

28 Oct 2020 7:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Surprisingly, steady trend continued in Mustard prices on second consecutive session in Jaipur. Weak sentiments in futures weigh on spot markets, as well.

Mustard oil prices were stable, but oil cake slipped today. Today the oil seed was stable at Rs. 6095-6100 per quintal. According to the traders, Mustard seed and other edible oils came under pressure as the market is rife with speculations that the government can intervene through import duty cut or import and distribution by State Trading Corporation (STC).

Mustard seed traded at Rs. 6095-6100 per quintal (42 percent condition) in Jaipur market. Earlier the oil seed was priced at same level. Mustard oil was also steady, priced at Rs. 1205-1206 in Jaipur and Rs. 1195-1196 per 10 kg in adjoining areas. Earlier, the oil was sold at same level Mustard oil cake slipped to Rs. 2595-2590 per quintal. Earlier, It was priced at Rs. 2600-2605 per quintal.


Total arrival was reported at 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.

(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
0.0

   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
Imported Masoor Flat in Major Mkts, Domestic Variety We...
Tur, Masoor Remain Weak in Delhi
Chana Trades Firm in Delhi On Mill Buying, Lower Suppli...
FCI Approved 220 MT Chana In Maharashtra At Rs 4,905/10...
NAFED Approved 4000 MT Tur (K-2019) In Maharashtra In R...
more
Top 5 News
Cotton Prices Tank Rs 200 Despite Bad Weather Condition...
Kottayam/Kochi Rubber Rates – 27 NOVEMBER, 2020
Malaysia Rubber Physical Prices (Sen/Kg) – 27, NOVEMBE...
Bangkok/kualampur Rubber Rates –27, NOVEMBER, 2020
Shangahi Rubber Price (PM) – 27 NOVEMBER 2020
Top 5 Special Reports
USD/INR (Dec ‘20) – Bearish Price Trend / May Retest Se...
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Nov ‘20) – Consolidating Near Key Support (74....
USD/MYR—
Copyright © CC Commodity Info Services LLP. All rights reserved.