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Spot Mustard Seed Defies Future’s Down Trend, Oil And Cake Remain Steady

20 Jan 2021 8:32 pm
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NEW DELHI (Commodities control) Mustard seed prices extended gains today in spot market of Rajasthan and other producing states as millers and processors rushed for buying at lower prices. Mustard seed prices increased Rs. 20 to settle at Rs. 6170-6175 per quintal (GST Extra) in Jaipur. However, mustard future contracts remained bearish on selling pressure. Muastard oil and oil cake steadied. Mustard seed arrival was 75,000 bags in all over the country.



Today, mustard seed prices further increased as millers and processors came up for fresh buying. The prices were reducing in last couple of days as demand weakened in higher prices. But today Millers and processors rushed for buying to meet out their regular need.



Mustard seed (42 percent condition) was traded at Rs. 6170-6175 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. Rs. 6150-6155 per quintal. But
Mustard oil prices remained stable at Rs. 1230-1231 in Jaipur and 1220-1221 per 10 kilogram in adjoining areas. Mustard oil cake was also unchanged at Rs. 2520-2525 per quintal.



Total arrival was 75,000 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 down trend in the oil seed contracts. Mustard January decreased Rs. 128 to settle at Rs. 6080 per quintal. February contract down Rs. 27 at Rs. 5629 per quintal. April contract down Rs. 50 to Rs. 5017 per quintal. May contract down Rs. 36 at Rs. 5013 per quintal.


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


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