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Spot Mustard Seed, Oil Regain On Regular Buying From Millers

4 Dec 2020 8:10 pm
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NEW DELHI (Commodities control) Mustard seed and oil prices inched up in spot markets of Rajasthan and other producing states. Millers were buying the oil seed to meet their regular needs. However, mustard seed future contracts have registered mixed trend. The oil seed was traded at Rs. 6125-6130 per quintal in Jaipur. Mustard oil and oil cake also gained slightly. Total arrival of mustard seed reduced to 80,000 quintal in all the major producing areas.



According to market source, millers were buying seed to keep their plants operational. Mustard oil demand dampened due to price rise but regular consumers were buying the vegetable oil even at higher price. The oil seed was traded at Rs. 6125-6130 per quintal in Jaipur. Earlier, it was traded at Rs. 6120-6125 per quintal.
Mustard oil prices also increased to Rs. 1203-1204 in Jaipur and 1193-1194 per 10 kg. in adjoining areas. Earlier, the edible oil was traded at Rs. 1202-1203 in Jaipur and 1192-1193 per 10 kg. in adjoining areas. Mustard oil cake increased to Rs. 2595-2600 per quintal. Earlier, it was traded at Rs. 2590-2595 per quintal.



Total arrival was 80,000 quintal in across the country. State wise arrival- Rajasthan 40,000, MP 5,000, UP 10,000, HP 5,000, Gujarat 5000 and other states 15,000 bags.


NCDEX witnessed mixed trend today. Mustard December contract slipped Rs. 77 at Rs. 5786 per quintal. January contract gained Rs. 10 to settle at Rs. 5802 per quintal. February contract up Rs. 49 at Rs. 5590 per quintal. April contract up Rs. 9 to Rs. 5018 per quintal


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


       
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