Login ID:
Partner Login
Contact Us : 7066511911

Spot Mustard Seed Prices Extend Losses As Bearish Trend Prevails

16 Jan 2021 6:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Mustard seed prices extended losses in spot market of Rajasthan and other producing states as selling pressure remained intact. Mustard seed prices fell down by Rs. 50 to Rs. 6100-6105 per quintal (GST Extra) in Jaipur. Higher production prospects caused for sharp fall in prices in last few days. Mustard oil also followed seed trend. Mustard seed arrival decreased from 75,000 bags to 65,000 bags in all over the country.

Today, stockists and farmers rushed to sell their stock to book profit as they do not see further appreciation. Recent rains in Rajasthan, Madhya Pradesh and Uttar Pradesh and other producing states have improved prospects for mustard seed. There were possibilities for higher mustard production in the country. Higher acreage and recent rains increased prospects for better production. Buyers were absent from the market for fresh buying after better crop prospects. Millers and processors were reluctant for fresh positions as they expect for further downfall in the oil seed prices.

Mustard seed (42 percent condition) was traded at Rs. 6100-6105 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. 6150-6155 per quintal.
Mustard oil prices also decreased to Rs. 1221-1222 in Jaipur and 1211-1212 per 10 kilogram in adjoining areas. Earlier, It was traded at Rs. 1231-1232 in Jaipur and 1221-1222 per 10 kilogram in adjoining areas. Mustard oil cake steadied today to Rs. 2525-2530 per quintal.

Total arrival was 65,000 quintal in across the country. State arrival- Rajasthan 30,000, MP 5,000, UP 10,000, HP 5,000, Gujarat 5000 and other states 10,000 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

   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
Market Snapshot (MCX/NCDEX)
Market Snapshot (MCX/NCDEX)
Market Snapshot (MCX/NCDEX)
Top 5 News
Chana Traded Mixed in Major Spot Mkts
Traders Were Cautious Despite Gains In Guar, Gum, Dispa...
Weak Buying at Higher Rates Reigns in Rally in Masoor
Coriander Loses Colour amid Weak Buying, Arrivals Press...
Sharp Fall In Mustard Seed, Oil Prices As Arrival Reach...
Top 5 Special Reports
Weekly: Chana-Masoor Prices Gain Most This Week, Urad-...
Weekly: ICE Cotton Suffers First Weekly Drop in Februar...
Weekly: Bullish Factors Intact in NY Sugar as Fund Buyi...
Pulses Special: Government Procurement Key to Price Ral...
Weekly: NY Cotton Extends Upward Rally, Finishes Above...
Copyright © CC Commodity Info Services LLP. All rights reserved.