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Spot Mustard Seed, Oil Bounce Back On Sharp Rise In Oil Complex, Arrival At 7.50 L Bags

6 Mar 2021 8:19 pm
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NEW DELHI (Commodities control) Entire mustard complex bounced back today in spot market of Rajasthan and other producing states. Mustard seed and oil backed by oil complex which has seed sharp rise. Mustard seed jumped Rs. 225 to Rs. 5600-5605 per quintal (GST Extra) in Jaipur market. Mustard oil and oil cake also registered sharp rise. However, Mustard oil seed arrival increased from 7.25 lakh bags to 7.50 lakh bags (100 kg each) in all over the country.

According to market sources, sharp rise in Soya oil supported mustard complex. Soya oil had seed gains in spot and future market on Friday. However, there was no trade in future market in weekend. Price rise has boosted demand of mustard see in spot market. Mustard seed rose Rs. 175 to Rs. 5550-5555 per quintal in Jaipur in morning session. The prices rose further till evening. Even Higher arrival was unable to contain price rise in mustard seed. Mustard oil also witnessed price rise of Rs. 56 per 10 kg. Mustard oil cake increased Rs. 40 per quintal.

Mustard seed (42 percent condition) was traded at Rs. 5600-5605 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. 5375-5380 per quintal. M
ustard oil prices was traded at Rs. 1180-1181 in Jaipur and 1170-1171 per 10 kilogram in adjoining areas. Earlier, it was traded at Rs. 1124-1125 in Jaipur and 1114-1115 per 10 kilogram in adjoining areas. Mustard oil cake was traded at Rs. 2295-2300 per quintal. Earlier, it was traded at Rs. 2250-2260 per quintal.

Total arrival was 750,000 quintal in across the country. State arrival - Rajasthan 400,000, MP 65,000, UP 125,000, HP 25,000, Gujarat 60,000 and other states 75,000 bags.

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

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