Please Note : Due to Technical Issue NCDEX Settlement Price, Net & Percentage Change displaying on our website are wrong. Inconvenience Regretted
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Mustard Down A Tad On Slow Demand In Mustard Oil/Cake

10 Aug 2018 1:38 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commoditiescontrol) - Mustard seed prices declined at the key markets across Rajasthan on Friday due to slow demand in mustard oil and mustard cake and weak cues from futures.

Mustard seed 42% condition dropped by Rs 10 to Rs 4,355-4,360/100kg at thebenchmark Jaipur market, while mustard oil fell by Rs 2 to Rs 872-873/10kg. Mustard cake also fell by Rs 15 to Rs 1,785-1,790/100kg.


Demand in mustard oil during the recent times was said to be slow due to higher price and thus prices of oilseed was under pressure. Further offtake in mustard was also said to subdued due to higher disparity in crushing, said a trader from Jaipur.


Mustard crush disparity today stood in negative territory at Rs 435 per tonne.


The negative disparity resulted slow crushing in the month of July. Mustard crushing in July month dropped to 4.5 lakh tonnes as against 6.5 lakh tonnes a month ago.


The disparity in mustard seed and slow demand in mustard oil has increased blending during the last couple of months as mustard oil is costlier than rivals in oil complex, he said.


Mustard crushing in August month is also likely to remain slow around 4-4.5 lakh tonnes as demand in mustard oil as well as mustard cake is not very encouraging, but thereafter some recovery can't be ruled out ahead of festival demand, he noted.


Mustard seed arrivals in the country today stood steady at 1.35 lakh bags (85kg each).


On derivatives, mustard seed August futures rose today by 0.52%, or Rs 21 to Rs 4,080/100kg on the National Commodity & Derivatives Exchange Ltd (NCDEX). Mustard seed futures as on Thursday of this week dropped by 1.4%.


(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
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
Sunoil: Black Sea Steady on Better Demand
CBOT Soybean Up on Technical Bounce
Mustard Prices Down Following Weakness in Other Oilseed...
NCDEX Soybean Rangebound on Lack of Fresh Updates
Malaysian PM Cash Market Prices for Palm Oil – Apr 25
more
Top 5 News
Sunoil: Black Sea Steady on Better Demand
ICE Cotton Ends Firm Despite Modest Weekly US Export Sa...
ICE Sugar Ends Down; Brushes Aside UNICA’s April H1 Ou...
CBOT Soybean Up on Technical Bounce
Chana Trades Mixed At Major Spot Markets
Top 5 Special Reports
Technical: Mumbai Matar Canada - Further Rally Above ...
Technical: Mumbai Toor Lemon –Pigeon Pea - Upside mom...
Technical: Chickpea (Chana) Indore
Technical: Pigeon Pea (Tur) Akola Bilty – Expect Ri...
Technical: Chickpea (Chana)- Indore- kabuli 42-44 count...
Copyright © CC Commodity Info Services LLP. All rights reserved.