Login ID:
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

   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
European vegetable oil prices 1200 GMT - Oct 23
European vegetable oil prices 1200 GMT - Oct 23
Castor seed A Tad Up In Gujarat; Buyers Cautious At Hig...
BMD Palm Oil Extends Early Losses On Better Production ...
Malaysian PM Cash Market Prices for Palm Oil - Oct 23
Top 5 News
Chana Trade Mixed At Major Spot Markets; Kabuli Weakens...
Raw/Processed Tur Gains At Major Markets
Sugar Prices Rule Slightly Firm On Festive Demand
Spot Mentha Oil Extends Gains On Increased Buying
Urad/ Urad Dal Rise Further At Major Markets
Top 5 Special Reports
Technical: Barely Jaipur-Breakout Witnessed
Technical: Wheat Spot Delhi-Accumulate On Decline
Technical: Jeerna Unjha-Accumulate
Technical: Sugar M Grade Delhi-Consolidation Correctio...
India Apr-Aug 2018-19 Pulses Import Slips Over 70% Y/Y ...
Copyright © CC Commodity Info Services LLP. All rights reserved.