Jaipur, 19 May (Commoditiescontrol) Mustard seed and oil prices dropped considerably on Thursday tracking weakness in the global market. Prices of soyoil declined in the U.S. market in the last session amid heavy selling pressure following which palm oil prices were down at the Malaysian exchange.
Arrivals of mustard seed were almost flat as farmers were reluctant to liquidate their stocks anticipating rebound in the prices of mustard seed.
Prices of 42 percent conditioned mustard were Rs 100 down at Rs 7125-7150 per quintal (GST excluding) in the benchmark market of Jaipur.
Arrivals of mustard seed across the country were 4.5 lakh bags of 80 kg each against 4.5 lakh bags previous day.
The major markets of Rajasthan received 2.10 lakh bags of mustard seed and arrivals of mustard seed were 30,000 bags in Madhya Pradesh, 70,000 bags in UP, 55,000 bags in Haryana and Punjab, 20000 bags in Gujarat and 65000 lakh bags in other markets.
Mustard oil expeller traded Rs 13 down at Rs 1471-1472 per 10 kg and Kachhi Ghani was also offered Rs 13 down at Rs 1481-1482 per 10kg. Mustard seed cake prices flat Rs 2725-2750 per quintal.
CPO for May delivery traded $15 down at $1710 per tonne. Soyoil degummed for May delivery dropped $53 to $1847 per tonne.
In Indian currency, CPO prices were quoted flat at Rs 1552 per 10kg and RBD palmolein held steady at Rs 1540 per 10kg. Soybean refined was flat at Rs 1575 per 10kg and degummed rose Rs 5 to Rs 1545 per 10kg. Sunflower refined traded flat at Rs 1890 per 10kg.
(By Commodities control Bureau; +91 9820130172)
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