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Mustard complex witnesses bearish mood as global edible prices fall previous day

28 May 2022 1:49 pm
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Jaipur, 28 May (Commoditiescontrol) The domestic mustard oil complex turned bearish in the weekend as global edible oil market settled lower previous day. However, trade analysts are anticipating firmer tone in the prices of mustard oil and seed in the coming sessions.



The mustard seed market remained volatile this week as global edible market is dictating domestic market these days. Besides, govt’s decision to allow 2 million tonnes of crude soybean oil and sunflower oil each also impacted local prices of edible oils.



Prices of 42 percent conditioned mustard traded Rs 50 down at Rs 6975-7000 per quintal (GST excluding) in the benchmark market of Jaipur.



Arrivals of mustard seed across the country were 4 lakh bags of 80 kg each against 4.8 lakh bags previous session.



The major markets of Rajasthan received 1.85 lakh bags of mustard seed and arrivals of mustard seed were 20,000 bags in Madhya Pradesh, 70,000 bags in UP, 55,000 bags in Haryana and Punjab, 15,000 bags in Gujarat and 55000 lakh bags in other markets.



Mustard oil expeller traded Rs 13 down at Rs 1434-1435 per 10 kg and Kachhi Ghani was also Rs 13 down at Rs 1444-1445 per 10kg. Mustard seed cake prices were Rs 25 down Rs 2700-2725 per quintal.


(By Commodities control Bureau; +91 9820130172)


       
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