Jaipur, June 25 (Commoditiescontrol) – The mustard complex experienced a stable market tone on Tuesday due to subdued trading activity. Prices for mustard seed, oil, and oilcake remained unchanged in Jaipur, the benchmark market, and most other North Indian markets.
Market sentiment indicates that both buyers and sellers are adopting a cautious approach, leading to the current market stasis.
Jaipur Market: Mustard seed prices held steady at Rs 6050-6075 per quintal (excluding GST), while mustard oil expeller prices remained flat at Rs 1154-1155 per 10kg. Kachchi Ghani prices also maintained stability at Rs 1164-1165 per 10kg. Mustard cake prices experienced a slight dip of Rs 10, settling at Rs 2655-2660 per quintal.
Other Markets: Prices in other markets mirrored the trends observed in Jaipur, with mustard seed prices remaining stable at Rs 5875-5925 per quintal and mustard seed expeller holding steady at Rs 1135 per 10kg. Mustard cake prices remained unchanged at Rs 2625 per quintal.
National Arrivals: Total mustard seed arrivals across the country amounted to approximately 4.25 lakh bags, with Rajasthan leading with 2.6 lakh bags, followed by Madhya Pradesh (35,000 bags), Uttar Pradesh (40,000 bags), Punjab and Haryana (20,000 bags), and Gujarat (15,000 bags).
Kandla Port: CPO and RBD palmolein prices remained stable at Rs 862 per 10kg and Rs 890 per 10kg, respectively. Soyoil refine prices also held steady at Rs 940 per 10kg, while degum prices experienced a minor decrease of Rs 3, settling at Rs 875 per 10kg. Sunflower refine oil traded Rs 5 lower at Rs 960 per 10kg.
The mustard complex is currently characterized by a state of equilibrium, with prices remaining largely unchanged due to a lack of significant market activity. This subdued market behavior is attributed to a cautious stance adopted by both buyers and sellers. As market participants closely monitor developments, it remains to be seen whether this period of stability will persist or give way to new price movements in the near future.
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