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Mustard seed, Oil Prices Steady on Speculation of Govt Intervention

28 Oct 2020 7:30 pm
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NEW DELHI (Commodities control) Surprisingly, steady trend continued in Mustard prices on second consecutive session in Jaipur. Weak sentiments in futures weigh on spot markets, as well.

Mustard oil prices were stable, but oil cake slipped today. Today the oil seed was stable at Rs. 6095-6100 per quintal. According to the traders, Mustard seed and other edible oils came under pressure as the market is rife with speculations that the government can intervene through import duty cut or import and distribution by State Trading Corporation (STC).

Mustard seed traded at Rs. 6095-6100 per quintal (42 percent condition) in Jaipur market. Earlier the oil seed was priced at same level. Mustard oil was also steady, priced at Rs. 1205-1206 in Jaipur and Rs. 1195-1196 per 10 kg in adjoining areas. Earlier, the oil was sold at same level Mustard oil cake slipped to Rs. 2595-2590 per quintal. Earlier, It was priced at Rs. 2600-2605 per quintal.

Total arrival was reported at 130,000 quintal in across the country. State wise arrival- Rajasthan 75,000, MP 7,000, UP 15,000, HP 5,000, Gujarat 8000 and other states 20,000 bags.

(By Commoditiescontrol Bureau: +91-22-40015505)

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