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Spot Mustard Seed Eases Down After Consecutive Rise Of 16 Percent In Three Weeks

9 Jan 2021 6:37 pm
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NEW DELHI (Commodities control) Consecutive increase in Mustard seed prices discontinued today. The oil seed skyrocketed in last three week due to crop damage report and other bullish factors. Mustard seed eased down Rs. 5 per quintal in Jaipur. The prices had witnessed rise of Rs. 900 (around 16 percent) in last three week. Mustard oil and oil cake also eased down after touching new highs. Mustard seed arrival declined from 75,000 bags to 60,000 bags in all over the country.

Probably it was record of consecutive increase of three week. Mustard seed was sold at Rs. 5720-5725 per quintal (GST Extra) in Jaipur on 18 December, 2020. When hefty rise began, there was no easing in prices. The oil seed increased Rs. 900 and reached beyond Rs. 6600 per quintal. There was crop damage report in Mandsaur district of Madhya Pradesh and some nearby areas due cold wave and fog. Price rise did not stop despite further reports of rains in entire north India. Winter rains was considers very good for mustard crop.

But the market noted this fact today and price rise discontinued. The oil seed
(42 percent condition) was traded at Rs. 6620-6625 per quintal (GST Extra) in Jaipur. Earlier, it was traded at Rs. 6625-6630 per quintal. Mustard oil prices also decreased to Rs. 1302-1303 in Jaipur and 1292-1293 per 10 kilogram in adjoining areas. Earlier, It was traded at Rs. 1303-1304 in Jaipur and 1293-1294 per 10 kilogram in adjoining areas. Mustard oil cake eased down today to Rs. 2670-2675 per quintal. Earlier, it was traded at Rs. 2675-2680 per quintal.

Total arrival was 60,000 quintal in across the country. State arrival- Rajasthan 25,000, MP 5,000, UP 10,000, HP 5,000, Gujarat 5000 and other states 10,000 bags.

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

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