Login ID:
Password:
Partner Login
Contact Us : 7066511911

Mustard Seed, Oil Fell Down As New Arrival Begins, Total Supply Increases

23 Jan 2021 4:31 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) New mustard arrival began in the producing states of north India. New arrival increased daily supplies all over the region so bullish trend retreated today. New mustard seed was traded at Rs. 6131 (GST Extra) in Jaupur. Old mustard seed also slipped Rs. 50 to Rs. 6150 per quintal. Mustard oil prices also slipped down on bearish trend. However, mustard oil cake remained steady. Mustard seed arrival increased from 75,000 bags to 90,000 bags in all over the country. Around 25000 bags new mustard seed arrived in mandis.



Today, mustard seed prices slipped as sentiments turned to bearish as new crop arrived in mandis. Mustard seed acreage increased 5.5 percent to 73.89 lakh hectare so crop production was estimated to increase. A trader from Jaipur said that new arrival was a ring for downward trend. Higher arrival will dragged down prices further. Millers and processors did not show much interest for buying as they were cautious for fresh buying. They have already procured comfortable stock for their crushing.


New Mustard seed (42 percent condition) was traded at Rs. 6131 per quintal (GST Extra) in Jaipur. Old mustard seed of same quality came down to Rs. 6150 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. Rs. 6200-6205 per quintal.



Mustard oil prices also decreased to Rs. 1211-1212 in Jaipur and 1201-1202 per 10 kilogram in adjoining areas. Earlier, It was traded at Rs. 1230-1231 in Jaipur and 1221-1222 per 10 kilogram in adjoining areas. Mustard oil cake remained stable today to Rs. 2600-2605 per quintal.



Total arrival was 90,000 quintal including new arrival of 25000 bags in across the country. State arrival of old crop- Rajasthan 30,000, MP 5,000, UP 10,000, HP 5,000, Gujarat 5000 and other states 15,000 bags.


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


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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
ICE Canola Futures Gain on Tight Supply, Rising Global ...
Spot Mustard Seed Defies Bullish Future Trend As Arriva...
Soy Meal (CBT) Weak Price Trend / Next Potential Supp...
Soy Complex Soybeans (CBT) Consolidating in a Short...
Soy Complex Soybean Oil (CBT) Consolidating in an U...
more
Top 5 News
Oilseed Commentary: CBOT Soybean close firm on rising d...
ICE Canola Futures Gain on Tight Supply, Rising Global ...
ICE Raw Sugar Ends Moderately Higher; Cushioned by Gain...
ICE Cotton Manages Gainful Closing as Traders Eye WASDE...
Brazil Soybean Exports in March Seen Reaching 13.79 Mn ...
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.