Login ID:
Password:
Partner Login
Contact Us : 7066511911

Higher Sowing Dampens Mustard Market Sentiments; Seed and Oil Trades Lower

25 Nov 2020 7:19 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Mustard seed prices slipped again due to weak sentiments. Higher acreage of mustard seed dampened the market tone. Millers were also cautious with regards to fresh buying, purchasing for immediate requirements only. The oil seed slipped Rs. 35 to Rs. 6320-6325 per quintal in Jaipur. Mustard oil and oil cake also followed seed prices.


According to the traders, mustard seed acreage has risen by 10 percent so far. Higher prices this year encouraged farmers to cultivate the oil seed. But lower prices cautioned buyers for new deals. Lower demand lead to price fall in entire mustard complex. Mustard seed prices decreased to Rs. 6320-6325 per quintal in Jaipur. Earlier, it traded at Rs. 6355-6360 per quintal in Jaipur.
Mustard oil fell down to Rs. 1215-1216 in Jaipur and 1205-1206 per 10 kg. in adjoining areas. Earlier, the oil was priced at Rs. 1231-1222 in Jaipur and Rs 1221-1222 per 10 kg. in adjoining areas. Mustard oil cake decreased to Rs. 2625-2630 per quintal, vs Rs. 2635-2640 in the last session.


Total arrival was 100,000 quintals across the country. State wise arrival- Rajasthan 50,000, MP 8,000, UP 15,000, HP 7,000, Gujarat 5000 and other states 15,000 bags.


Futures market witnessed mixed trend today. Mustard December contract lost Rs. 31 at Rs. 5929 per quintal. January contract slipped Rs. 62 to settle at Rs. 5880 per quintal. February contract gained Rs. 35 at Rs. 5682 per quintal. April contract down by Rs. 12 to Rs. 5040 per quintal


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


       
  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
Mustard Seed, Oil Fell Down As New Arrival Begins, Tota...
Mustard seed, oil steady today after consistent price r...
U.S. Soybean Export Sales Over Doubled to 18,17,700 MT ...
India Rabi Oilseeds Sowing Up by 5.34% As On Jan 22 At...
Soy Complex Soybean Oil (CBT) Signs of a Positive R...
more
Top 5 News
NAFED Approved 8623 MT Tur (K-2019) In Karnataka At Rs ...
India Barley Sowing Progress As On January 21
India Maize Sowing Progress As On January 21
India Jowar Sowing Progress As On January 21
India Wheat Sowing Progress As On January 21
Top 5 Special Reports
Weekly: Cotton#2 Posts Fourth Straight Weekly Rise amid...
Weekly: NY Sugar Slips Sub-16 Cents as Fund-Buying Fren...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Copyright © CC Commodity Info Services LLP. All rights reserved.