Jaipur, Aug 8 (Commoditiescontrol) Mustard seed and oil prices rose on Monday as buying improved at lower level. At the same time, firm cues from the international market bolstered positive sentiment. As per the trade analysts, the consumption demand for mustard seed is likely to remain higher during festive season. Cake prices eased due to weak demand from feed sector.
Prices of mustard seed with 42% conditioned further extended its gains by Rs 50 to Rs 6900-6925 per quintal (excluding GST) in the market of Jaipur today.
Mustard oil expeller added Re 1 to trade at Rs 1379-1380 per 10kg and Kachhi Ghani also traded R 1 higher at Rs 1389-1390 per 10kg.
Mustard cake prices were quoted Rs 25 lower at Rs 2650-2675 per quintal.
Arrivals of mustard seed were estimated 85000 bags in Rajasthan, 15000 bags in Madhya Pradesh, 35000 bags in Uttar Pradesh, 20000 bags in Haryana and Punjab, 5000 bags in Gujarat, and 40000 bags in other markets. Total arrivals across the country stayed around 2 lakh bags of 80 kg each today against 1.75 lakh bags in the last session.
As expected, Malaysian palm oil prices rose sharply during early trading session today following which CBOT was also firm.
(By Commodities control Bureau; +91 9820130172)
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