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Bearish mood continues in mustard seed complex on weak demand

28 Nov 2022 2:24 pm
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Jaipur, Nov 28 (Commoditiescontrol) Bearish mood continued in mustard seed complex on Mondya amid weak buying across the country. High acreage of mustard seed and good condition of crop pressured its prices, a trade analyst said.

Prices of mustard seed with 42% conditioned fell Rs 25 to Rs 6825-6850 per quintal (excluding GST) in the benchmark market of Jaipur.

Mustard oil expeller prices further fell Rs 10 to Rs 1382-1383 per 10kg and prices of Kachchi Ghani also dropped Rs 10 to Rs 1392-1393 per 10kg.

Mustard cake prices dropped Rs 5 to Rs 2615-2620 per quintal.

Arrivals of mustard seed were estimated 1.15 lakh bags in Rajasthan, 25,000 bags in Madhya Pradesh,35,000 bags in Uttar Pradesh, 20,000 bags in Haryana and Punjab, 10,000 bags in Gujarat, and 70,000 bags in other markets. Total arrivals across the country were around 2.75 lakh bags of 80 kg each.

Area under mustard seed rose by 8.73 lakh ha to 70.89 lakh ha as on Nov 25 this rabi season.

Oilseeds: About 75.77 lakh ha area coverage has been reported compared to 66.71 lakh ha during the corresponding period of last year. Thus 9.06 lakh ha more area has been covered compared to last year. Higher area is reported from the States of Madhya Pradesh (3.80 lakh ha), Rajasthan (3.62 lakh ha), West Bengal (1.78 lakh ha), Gujarat (1.13 lakh ha), Uttar Pradesh (0.29 lakh ha), Nagaland (0.07 lakh ha), Maharashtra (0.02 lakh ha) and Tamil Nadu (0.02 lakh ha). Less area is reported from the States of Telangana (0.70 lakh ha), Assam (0.55 lakh ha), Jharkhand (0.14 lakh ha), Chhattisgarh (0.08 lakh ha), Bihar (0.08 lakh ha), Andhra Pradesh (0.04 lakh ha), Karnataka (0.04 lakh ha), Odisha (0.03 lakh ha) and Uttarakhand (0.02 lakh ha).

(By Commodities control Bureau; +91 9820130172)

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