Login ID:
Partner Login
Contact Us : 7066511911

Sluggish Trend Continues In Spot Mustard Seed

7 Dec 2017 2:25 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI(Commoditiescontrol) - 

Mustard Seed:
Mustard seed declined by Rs 10 to trade at Rs 4,180/100kg in benchmark Jaipur market amid sluggish demand.
Millers are reluctant to procure mustard seed at current price level as they are facing disparity of around Rs 700/tonne in crushing of mustard seed.
In addition to it, weather has become favourable for the proper growth of the new mustard crop which is also weighing on mustard seed prices.
Mustard seed arrivals across the country totaled at 1.75 lakh bags (85kg each) unchanged on previous session. 
On derivatives, the benchmark January mustard seed was down by Rs 33 or 0.81 percent at Rs 4,048/100kg on the National Commodity & Derivatives Exchange Ltd.

Mustard Oil 

Mustard kachhi ghani oil declined by Rs 4 to trade at Rs 817/10kg in benchmark Jaipur market amid sluggish demand and tracking weakness of other edible oils.
As per traders demand of mustard oil in retail market is hand to mouth as other edible oil are trading at discount of around Rs 100-120/10kg to mustard oil. Thereby, most of the demand is shifting to those oil’s.
On the other hand, Statistics Canada predicted this year's Canola production in Canada would hit 21.3 million tons, up by 8% from their earlier estimate in September which will increase the availability of Canola Oil which is bearish for Indian mustard oil market. 

India imported around 37,468 tonnes of canola oil in November compared to 15,491 in October.

Mustard Oil Cake 
Mustard oil cake price gained by Rs 5 to trade at Rs 1,805/100kg amid improved demand from cattle feed manufacturer.   
(By Commoditiescontrol Bureau; +91-22-40015533)

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

   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
DJ CBOT Grains/Oilseeds Settlements - May 25
DJ USDA Minnesota/North Dakota Daily Oilseed Prices - M...
DJ CBOT Soyoil/Soymeal Close - May 25
DJ ICE Canada Review: Canola Dips With Profit-Taking
DJ U.S. Grain: Soybean Midday Gulf Barge Basis - May 25...
Top 5 News
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ CFTC Disaggregated Commitments: Nymex Platinum/Palla...
DJ CFTC Disaggregated Commitments: Nymex Platinum/Palla...
DJ CFTC Disaggregated Commitments: CBOT SRW Wheat Futs/...
DJ CFTC Disaggregated Commitments: CBOT SRW Wheat Futur...
Top 5 Special Reports
Technical: Sugar M Grade Delhi - Down Trend Momentum Co...
Technical: Jeera Unjha - Expect Slide Towards 14000 Wit...
Pakistan's Raw Cotton Import In April Declines 5% Y/Y A...
Technical: Turmeric Nizamabad - Breakout Need To Confir...
Food Ministry Moves Cabinet Note On Sugar Buffer Stock,...
Copyright © CC Commodity Info Services LLP. All rights reserved.