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Mustard seed, oil&cake prices down on weak global cues

26 May 2022 2:19 pm
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Jaipur, 26 May (Commoditiescontrol) Mustard seed and oil prices extended fall on Thursday. Mustard seed prices dropped today due to weakness in the edible oil prices globally as Russia is reportedly ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, a major sunflower oil producer, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying.

Prices of palm oil in the Malaysian market and soybean in the U.S. market were trading lower.

Prices of 42 percent conditioned mustard dropped Rs 100 to trade at Rs 7025-7050 per quintal (GST excluding) in the benchmark market of Jaipur. Mustard seed prices fell Rs 175 per quintal in two straight session.

Arrivals of mustard seed across the country were 4.5 lakh bags of 80 kg each against 4.5 lakh bags previous session.

The major markets of Rajasthan received 2 lakh bags of mustard seed and arrivals of mustard seed were 30,000 bags in Madhya Pradesh, 75,000 bags in UP, 60,000 bags in Haryana and Punjab, 20,000 bags in Gujarat and 65000 lakh bags in other markets.

Mustard oil expeller traded Rs 19 down at Rs 1441-1442 per 10 kg and Kachhi Ghani was also Rs 19 down at Rs 1451-1452 per 10kg. Mustard seed cake prices were Rs 25 lower Rs 2700-2725 per quintal.

CPO for May delivery was offered Rs 30 lower at $1750 per tonne and Soyoil degummed for May delivery was Rs 6 down at $1831 per tonne.

In Indian currency, CPO prices were quoted Rs 5 up at Rs 1478 per 10kg and RBD palmolein gained Rs 5 to trade at Rs 1540 per 10kg. Soybean refined gained Rs 10 to trade at Rs 1540 per 10kg and degummed rose Rs 20 to Rs 1510 per 10kg. Sunflower refined traded Rs 20 higher at Rs 1880 per 10kg.

(By Commodities control Bureau; +91 9820130172)

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