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Mustard Market Update: Mixed Trends and Steady Prices

15 Jun 2024 2:03 pm
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Mumbai, June 15th (Commodities Control): The mustard market displayed mixed trends today, with seed prices remaining steady in most regions. Mustard oil and cake prices saw a slight dip in Jaipur, but held firm in other markets. Arrivals also declined. Traders attribute the subdued demand for edible oil and DOC to weaker consumer sentiment. However, processors and stockists are actively accumulating mustard seed at current prices, signaling confidence in the market's long-term prospects

Jaipur: Mustard seed (42% conditioned) - Rs 6100-6125 per quintal (excluding GST). Mustard oil expeller - Rs 1164-1165 per 10kg. Kachchi Ghani - Rs 1174-1175 per 10kg. Mustard cake - Rs 2695-2700 per quintal.

Delhi: Mustard seed - Rs 5925-5975 per 100kg. Mustard oil expeller - Rs 1140 per 10kg. Charkhi Dadri: Mustard seed - Rs 5900-5950 per quintal. Mustard oil expeller - Rs 1140 per 10kg. Mustard oilcake - Rs 2700 per quintal.

Arrivals:Total arrivals of mustard seed across the country were estimated at 5 lakh bags, with Rajasthan leading at 3.25 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).



The mustard market is experiencing a period of mixed trends, with steady seed prices and slight fluctuations in oil and cake prices. Reduced arrivals and growing interest from processors and stockists indicate a positive outlook for the market. Despite current subdued demand, the sector's resilience suggests potential for future growth and stability.





(By Commoditiescontrol Bureau; +91-9820130172)


       
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