Login ID:
Password:
Partner Login
Contact Us : 7066511911

Mustard Seed Recovers In Spot Market, But Futures Crash Over 3 Percent

24 Nov 2020 7:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Mustard seed prices recovered today in spot markets after muted trend in last couple of days. However, futures contract crashed by over 3 percent on Tuesday.

Improved demand from millers led to rise in spot prices. The oil seed gained Rs. 30 to Rs. 6355-6360 per quintal in Jaipur. But mustard oil lowered further. Oil cake followed oil seed and inched up.


According to the traders, oil millers came back to the market for fresh buying. They need to fulfil their regular consumption requirements, in order to run the plants. Mustard seed prices increased to Rs. 6355-6360 per quintal in Jaipur. Earlier, it traded at Rs. 6325-6330 per quintal in Jaipur. But
mustard oil fell to Rs. 1231-1222 in Jaipur and 1221-1222 per 10 kg. in adjoining areas. Earlier, the oil was priced at Rs. 1241-1242 in Jaipur and 1231-1232 per 10 kg. in adjoining areas. Mustard oil cake gained to Rs. 2635-2640 per quintal. Earlier, it was traded at Rs. 2625-2630 per quintal.


Total arrival was 100,000 quintal in across the country. State wise arrival- Rajasthan 50,000, MP 8,000, UP 15,000, HP 7,000, Gujarat 5000 and other states 15,000 bags.


Futures market witnessed down trend today. Mustard December contract lost Rs. 185 at Rs. 5970 per quintal. January contract slipped Rs. 165 to settle at Rs. 5951 per quintal. February contract down Rs. 123 at Rs. 5655 per quintal. April contract down by Rs. 79 to Rs. 5050 per quintal


(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
Long/Short Quantity Position In NCDEX Soy oil On 21st J...
Long/Short Quantity Position In NCDEX Mustard seed On 2...
Long/Short Quantity Position In NCDEX Soyabean On 21st ...
Long/Short Quantity Position In NCDEX Castor seed On 21...
Palm Complex CPO (Apr 21) Consolidating Near Key U...
more
Top 5 News
Long/Short Quantity Position In NCDEX Chana On 21st Jan...
Chana Trades Unchanged in Delhi Despite Firm Futures
NAFED Approved 6557 MT Tur (K-2019) In Karnataka in Ran...
NAFED Approved 300 MT Chana (R-2020) In Karnataka in Ra...
Nafed Sale Details of Various Pulses/Oilseed On 21st Ja...
Top 5 Special Reports
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Robust Chinese Demand to Keep Cotton Prices Firm, ZCE C...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Copyright © CC Commodity Info Services LLP. All rights reserved.