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Spot Mustard Seed Prices Steadies After Sharp Fall, Oil Further Eases

18 Jan 2021 8:29 pm
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NEW DELHI (Commodities control) Down trend stopped in Mustard seed prices today in spot market of Rajasthan and other producing states as mustard future contracts increased on fresh buying. Millers and processors also rushed in spot market for buying to meet their regular need. Mustard seed prices steadied at Rs. 6100-6105 per quintal (GST Extra) in Jaipur. Earlier, higher production prospects caused for sharp fall in prices. Mustard oil remained bearish but oil cake inched up. Mustard seed arrival increased from 65,000 bags to 75,000 bags in all over the country.

Today, mustard seed prices remained stable as the oil seed find support from uptrend of future contracts. Millers and processors also rushed for buying at lower prices. Earlier, the prices had seed sharp fall due to selling pressure from stockists and farmers.

Mustard seed (42 percent condition) was traded at Rs. 6100-6105 per quintal (GST Extra) in Jaipur with no change. But
Mustard oil prices further decreased to Rs. 1215-1216 in Jaipur and 1205-1206 per 10 kilogram in adjoining areas. Earlier, It was traded at Rs. 1221-1222 in Jaipur and 1211-1212 per 10 kilogram in adjoining areas. Mustard oil cake inched up today to Rs. 2530-2535 per quintal. Earlier, it was traded at Rs. 2525-2530 per quintal.

Total arrival was 65,000 quintal in across the country. State arrival- Rajasthan 35,000, MP 5,000, UP 10,000, HP 5,000, Gujarat 5000 and other states 15,000 bags.

NCDEX also witnessed mixed trend in the oil seed contracts. Mustard January increased Rs. 67 to settle at Rs. 6070 per quintal. February contract up Rs. 130 at Rs. 5670 per quintal. April contract gained Rs. 7 to Rs. 5105 per quintal. May contract up Rs. 41 at Rs. 5095 per quintal. But June contract down Rs. 157 to Rs. 5081 per quintal.

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

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