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Mustard seed, cake prices flat, oil gains

16 Aug 2022 1:07 pm
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Jaipur, Aug 16 (Commoditiescontrol) Mustard seed and cake prices were flat on Tuesday amid increased arrivals but moderate trading activities. However, mustard oil prices gained taking firm cues from Malaysian palm oil futures.

Prices of mustard seed with 42% conditioned were flat at Rs 6975-7000 per quintal (excluding GST) in the market of Jaipur. However, mustard oil prices gained Rs 2 per 10kg today.

Mustard oil expeller was offered Rs 2 higher at Rs 1387-1388 per 10kg and Kachchi Ghani also traded Rs 2 higher at Rs 1397-1398 per 10kg.

Mustard cake prices were flat at Rs 2675-2700 per quintal.

Arrivals of mustard seed were estimated 95000 bags in Rajasthan, 15000 bags in Madhya Pradesh, 40,000 bags in Uttar Pradesh, 20,000 bags in Haryana and Punjab, 5000 bags in Gujarat, and 40,000 bags in other markets. Total arrivals across the country stayed steady around 2.15 lakh bags of 80 kg each, up 50000 bags from previous session.

Malaysian palm oil futures gained over 3 percent during the first session of trade on Tuesday, recovering from sharp losses in the previous session, supported by bargain buying and a weakening ringgit.

The November benchmark crude palm oil contract on the Bursa Malaysia Derivatives Exchange (BMD), was up Ringgit 134 or 3.24 percent at Ringgit 4,272 ($957.20) per tonne by the midday break, after moving in the range of Ringgit 4,329 and Ringgit 4,101 per tonne.

(By Commodities control Bureau; +91 9820130172)

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