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Mustard seed complex witnesses bearish trend on weak global cues

28 Sep 2022 2:07 pm
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Jaipur, September 28 (Commoditiescontrol) Mustard seed, oil and cake prices fell further on Wednesday amid bearish sentiment in the domestic edible oils and oilseed markets which mostly influenced by the global edible oil markets. Arrivals were steady as the sellers were reluctant to liquidate their stocks at lower rates.






Prices of mustard seed with 42% conditioned extended a decline of Rs 25 per quintal further today as the buyers offered lower rates taking weak cues from global edible oil market and weakness in the prices of almost all edible oils in the domestic market. Mustard seed prices were quoted at Rs 6275-6300 per quintal (excluding GST) in the benchmark market of Jaipur.



Mustard oil expeller prices dropped Rs 8 to Rs 1254-1255 per 10kg and Kachchi Ghani was also priced Rs 8 lower at Rs 1264-1265 per 10kg.

Mustard cake prices were Rs 5 down at Rs 2445-2450 per quintal.



Arrivals of mustard seed were estimated 85000 bags in Rajasthan, 15000 bags in Madhya Pradesh, 30,000 bags in Uttar Pradesh, 15,000 bags in Haryana and Punjab, 5,000 bags in Gujarat, and 35,000 bags in other markets. Total arrivals across the country were around 1.85 lakh bags of 80 kg each.



(By Commodities control Bureau; +91 9820130172)


       
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