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Mustard seed, oil prices flat, cakes gains

31 Jul 2021 8:01 pm
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New Delhi, 31 July (Commoditiescontrol) Mustard seed and oil prices were flat while cake prices gained on Saturday. Mustard seed prices rose in the past session tracking bullish trend in soybean but in lack of further direction mustard seed ruled steady.

Mustard seed with 42 percent conditioned traded flat at Rs, 7,825-7,850 (excluding GST) in Jaipur. Arrivals of mustard seed across the country from 2 lakh bags to 1.5 lakh bags (80 kg each).

Previous day, the industry veteran and patron of Central Organization for oil Industry and Trade (COOIT), Laxmichand Agrwal said, “Stocks of mustard seed is weak and the big farmers, who are holding the crop, are not interested to liquidate their stocks in anticipation of more upsides in prices.”

Some the traders said that the processors and stockiest are seen reluctant to go for a big contract.

Mustard oil traded at Rs 1,574-1,575 per 10 kg against Rs 1,575-1,576 per 100kg at Jaipur. In other markets, mustard oil was priced at Rs 1,564-1,565 per 10kg in against Rs 1,565-1,566per 100kg. Mustard oilcake prices were quoted higher at Rs 3,050-3,075 per 100kg.

Arrivals of mustard seed were 70,000 bags in Rajasthan, 10,000 bags in MP, 20,000 bags in UP, 10,000 bags in Himachal Pradesh and 10,000 bags in Gujarat while other states received 30,000 bags.

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

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