NEW DELHI (Commodities control) Upward trend remained intact in Mustard seed prices 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. 30 to settle at Rs. 6200-6205 per quintal (GST Extra) in Jaipur. Mustard future contracts also gained as it followed positive trend of oil complex. 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 were buying the oil seed to fill up their stocks. They need to maintain their stock for regular crushing operation. New crop will take some time to hit the market.
Mustard seed (42 percent condition) was traded at Rs. 6200-6205 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. Rs. 6170-6175 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 up trend in the oil seed contracts. February contract increased Rs. 24 at Rs. 5646 per quintal. April contract up Rs. 49 to Rs. 5071 per quintal. May contract up Rs. 13 at Rs. 5025 per quintal.
(By Commoditiescontrol Bureau: +91-22-40015505)
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